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Attorney Case Cost Financing Presentation Executive Summary

Date post: 10-Aug-2015
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UNLIMITED CAPITAL | UNSECURED | NON-RECOURSE | HASSLE-FREE | ATTORNEY FINANCING Log In. List Your Case. Get Funded.
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Page 1: Attorney Case Cost Financing Presentation Executive Summary

UNLIMITED CAPITAL | UNSECURED | NON-RECOURSE | HASSLE-FREE | ATTORNEY FINANCING

Log In. List Your Case. Get Funded.

Page 2: Attorney Case Cost Financing Presentation Executive Summary

case cost financing

contingent fee financing

Non-recourse financing

case expense litigation funding

funding for case costs

ATTORNEY CASE EXPENSE FINANCING

“The LitCap Platform is a game changer,” commented Harris Junell of Bailey, Peavy & Bailey PLLC out of Houston, Texas. “We been using LitCap since 2013, when they first launched, and it has truly improved our practice.”

Houston, TX. -- With more than $200 million in case financing surpassed in 2014, LitCap has today announced additional products and services via the LitCap Marketplace which connects attorneys with qualified investors for law firm financing and attorney case cost expense financing.

“We’ve compressed the funding cycle making it easier to use with more flexibility and a broader portfolio suite of products,” commented Britton J. Holland, COO and President of LitCap. “Our #1 mission is to provide our attorney users with better access to funding and financial tools to more efficiently manage their law practice.”

In 2015, the company expanded its suite of products, specifically tailored to attorneys and law firms, to include business expense financing, which extends the range of loans beyond funding case costs or expenses. These new products for qualified attorney members include contingent and non-recourse financing for attorneys for business expenses and related costs to build their practice.

Page 3: Attorney Case Cost Financing Presentation Executive Summary

• Preeminent attorneys platform @ www.LitCap.com

ATTORNEY FINANCING MARKETPLACE"Our Members tell us they wish they had known about the LitCap Marketplace sooner,” commented Hugh J. Plummer, Jr, CEO and Managing Director of LitCap. Mr. Plummer further commented, “Lawyers have been financing their contingent cases the same way for decades, just as it was done when Abraham Lincoln was trying cases, before the telegram, before the car, and before electricity or the internet. Having a platform that mitigates the ability for the big guy to outspend the little guy in litigation, truly brings balance to our civil justice system in the United States. It circumvents the inherent conflict of interest between a lawyer and his contingent client and directly benefits the State Bar IOLTA program in every state where LitCap is used. We believe that LitCap is to case cost financing what Westlaw and Lexis Nexus were to legal research.”

Page 4: Attorney Case Cost Financing Presentation Executive Summary

MARKETPLACE• Attorney Lists Case(s)• Investor Views Cases

Listed

CASE SELECTED BY INVESTOR• Investor Deposits

Funds into Attorney’s IOLTA

CASE CONCLUDES• If Unsuccessful - Loan

is Forgiven• If Successful - Attorney

Must Repay Loan & Interest Amount

Brief History of LitCap: Developed by Trial Lawyers for Trial Lawyers, Using ABA and State Bar Ethical Guidelines. Founded in November of 2011, Developed for 2 years, Launched September 5, 2013. As of December 1, 2014, over $200 Million in Case Related Costs & Expenses Funded Through the LitCap Marketplace. Funds in Attorney IOLTA Accounts, Generate Interest for Various State Bar Associations. Currently have Members and are Operating in 17 Jurisdictions: Texas, New York, New Jersey, Florida, Illinois, Alabama, Arizona, Colorado, Connecticut, Kentucky, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, and Tennessee.

Law Firm Case Financing Marketplace Approach

CONTINGENT FEE CASE COST FINANCING


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