Litigation Finance
Litigation finance, also called legal finance, provides capital against a case portfolio, litigation-related cash flow, or a law firm’s contingent fee book. The facility sits on the firm’s book of claims. The asset is the recovery or the fee stream.
The usual borrowers are law firms and litigation finance companies. The focus is business and portfolio finance, not consumer advances against an individual’s personal-injury claim. Lenders look at expected fees, case mix, time to resolution, and how the book is serviced.
Terms and facility size sit on the Specialty Finance page.
How This File Is Underwritten
The lender underwrites the case book and the firm or platform that owns it.
- Who the borrower is: A contingency firm, a commercial litigation fund, or a platform that already funds cases. Consumer “cash now on your case” is a different product.
- The book: Case types, stages, jurisdiction mix, expected duration, historical recovery vs projected recovery.
- Concentration: One case, one counsel, one defendant, or one jurisdiction can cap the facility.
- Servicing and reporting: How cases are tracked, who controls settlement decisions, and whether the lender gets a clean view of the portfolio.
- Use of proceeds: Working capital for the firm, origination capacity for a platform, or leverage on an existing case book. Not living expenses for an individual plaintiff.
Timelines are long. Capital often sits until settlement or judgment. Rate and structure follow that duration.
What Usually Binds
- Quality and diversity of the case or fee portfolio
- Time to money vs the term of the facility
- Concentration in a single matter or counsel
- Historical recoveries vs the marks on the current book
- Firm or platform operations (the book is only an asset if the practice continues)
What To Send First
- Portfolio summary, case count, type, stage, jurisdiction
- Historical close and recovery data
- Concentration (top cases, counsel, defendants)
- Firm or platform financials
- Debt schedule and existing lines
- Servicing / case-management description
- Use of proceeds
When This Is The Wrong Product
If the need is ordinary B2B invoices for legal staffing or vendor work, use invoice factoring or ABL. If the need is a bank line against a firm’s fee-paying hourly book with clean AR, start with ABL. i95 does not offer consumer financing for individuals looking for advances on personal injury cases.
FAQs
Do you fund a single case?
The files that fit this page are portfolios and platforms, or a firm with a book of matters. We do not fund consumer cases.
Is the lender taking the legal outcome risk?
Structures differ. Some are loans against the book. Some are more like portfolio finance with recovery-based economics.
How is this different from lender finance?
Lender finance is a line to an originator against its performing finance portfolio. Legal finance is against cases and fee streams. A legal-funding platform that already advances on cases may need lender finance on that book.