Baker Street Funding, a litigation funding and lawsuit loans firm reported today their main focus entering this fall will be towards their attorney funding division.
SOURCE Baker Street Funding
Risk is a term that most attorneys and their firms try to avoid. It is why so many avoid having a portfolio consisting of contingency fee only cases, even though it can lead to a larger client base and new revenue sources. By working with a litigation funding partner, an attorney can finance a select portfolio of strong contingency fee based cases. The lawsuit loans and litigation funding firm, helps the attorney avoid the risks of these cases by providing sufficient capital to the attorney to help him or her successfully litigate the case to its full potential. Also, if an attorney already has a strong contingency fee based portfolio, but needs liquidity, a funder can help as well. As litigation funders, we are always looking to diversify our portfolio by investing in multiple cases with different risk parameters.
Daniel Digiaimo, CEO and President of Baker Street Funding, commented, “These cases can mimic hedge fund investments as having diversified risk by investing in a large number of cases, we hope to increase our chances of strong returns. Rather than focusing on one large case, we look to create a portfolio of cases that have strong liability, a large potential of recovery and a high likelihood of collection.”
What Baker Street Funding Does
Baker Street Funding works with law firms to create strategic portfolios consisting of three or more strong cases. When the firm collects its fees from one of the
cases in the portfolio, it pays a multiple on our investment. Digiaimo replied “Our investment is a non recourse agreement and based solely on the merits of the case. We only collect a return if recovery is met.”
The company’s minimum funding amount is $100,000 per case, but often fund a much larger amount into a case portfolio. They typically set a minimum investment amount to not only ensure recovery, but also to make sure the attorney and client obtain a larger portion of the recovery. They define their return as a multiple of the investment and not as a percentage of recovery because in a case that produces a strong return, the firm recovers much more than the funder.
Securing a Settlement
While there is no guarantee that every case will be successful, a single advise ruling on one motion can severely damage a case. Litigation funding is a risk based business and can be inherently unpredictable. The litigation funder helps firms by becoming a resource to them as their team is comprised of veteran litigators from some of the most prestigious firms across the country and they act as a sounding board to counsel to help build the strongest case possible.
By taking a portfolio approach to contingency based litigation, it allows the law firm to mitigate risk, access liquidity and build a winning case. To learn more about the benefits of litigation funding and portfolio based funding, you can contact one of Baker Street Fundingʼs litigation experts today for a free analysis on your case with no strings attached until an agreement is made.
To learn more you can contact Daniel Digiaimo, CEO and President at (888) 711-3599 or visit their website here Baker Street Funding.