Injury Case Funding for Attorneys
Attorney Tyson Mutrux describes in this video injury case funding for personal injury attorneys.
Hi, Tyson Mutrux here again with the Mutrux Law Firm and today I’m going to be talking about case funding for attorneys. Now, I’m not talking about case loans. If you’ve got an injury claim, or you’re a potential client and you want to get some information about case loans, that’s in another video. So exit out of this video, get back in and there are other videos on case loans on the website. This is for attorney’s only.
Handling a high-value personal injury case often requires significant financial resources. Many attorneys face a tough decision—refer the case to another firm or secure funding to manage it independently. If you want to retain control of your case without sacrificing a large percentage of your fees, case funding might be the solution.
Two Common Options for Funding Large Cases
1. Referring the Case to Another Attorney
Referring a case to a more experienced or well-funded firm is an option, but it comes at a steep cost. Typically, this means losing 60-80% of your potential fee, making it an expensive trade-off.
2. Co-Counseling with Another Firm
Another approach is partnering with a co-counsel to share financial and legal responsibilities. While this lets you stay involved, it usually requires splitting the fee 50/50 or more, reducing your overall earnings.
Why Consider Case Funding Instead?
Case funding offers attorneys a way to finance litigation without giving up a significant portion of their fees. Here’s how it works:
✔️ Funding institutions evaluate your case to determine its value.
✔️ You receive a line of credit to cover litigation costs.
✔️ Repayment is case-based, meaning you only pay back the loan after securing a settlement or verdict.
This structure provides a major advantage—you don’t have to make monthly payments while your case is ongoing. Instead, you repay the funding only after you win or settle, easing financial strain.
The Cost of Case Funding: Is It Worth It?
While case funding isn’t free, it’s often more affordable than referring your case. Interest rates can be high, and the total cost can reach several thousand dollars, but it still beats losing half or more of your fees by outsourcing the case.
If you’re considering funding, carefully weigh the costs against your potential earnings. For attorneys confident in their legal skills but needing financial backing, case funding can be the key to maximizing profits while maintaining control over high-value cases.
Call us today at (888) 550-4026 for a free case Investigation, or visit www.tysonmutrux.com to learn more.