What exactly do you mean? Could you explain your question a little better?

erm....Nevermind

Legal finance works almost like a loan based on your expected win from a case that you are pursuing. There is generally no fee for this service, but you do not get as much from the case as you would otherwise.

Let me break it down by numbers:

Say you have a personal injury case against Company A. Plaintiffs who are in your conditions generally settle or win $100,000.00. You have a 40% contingency fee agreement with your attorney, meaning that you probably expect to see $60,000. As this case is progressing, you are still injured and unable to work or engage in whatever you generally do to support yourself, while waiting for this money. The estimate for you in getting your money out is 2 years, or 24 months. Your monthly expenses are $1,000.

Legal finance literally finances your future settlement against your current needs. Under a contract with them, legal finance will pay you $1,000 a month to help you cover your expenses until your case is won or settled. The positives of this, is that you get money early. Your expenses are paid right away and you can go on with your life. Legal finance also covers the risk that you will NOT win your case so if you lose, you do not have to return any money. The negatives are that legal services charge you a huge interest rate percentage on your expected settled case (as well as their risk of the loss of your case), and then that expected $60,000 you may have expected comes down to almost nothing. First, they charge you a rate on the WHOLE case (they are insuring $100,000, and they do not care about your agreement with the attorney, treating it as if he is working pro bono), and second, they already gave you $24,000if the case lasted 2 years. By the time you are done with them, you may get $10,000 or sometimes nothing because you may have given them your whole future settlement to allow them to continue paying you until the case settles, almost like an annuity.

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