Can a Lawyer Give a Client Money?

Pre-Settlement Lawsuit Funding for Cases Near Chicago, IL and Nationwide

Posted: August 10, 2020
Man in suit holding large stack of cash

During a personal injury lawsuit, your attorney will work on a contingency basis. This means that he or she will provide all legal services free of upfront costs, enabling you to seek justice without having to worry about legal fees. 

In most cases, if you do not win a settlement or verdict, you are not required to pay the attorney for this time. You may still be accountable for court fees and other expenses not related to attorney hours.

Can My Attorney Give Me a Loan?

Your attorney cannot give you money in the form of a loan. Your attorney can, however, advance funds for court fees, deposition expenses, and related fees as part of the contingency agreement.

The American Bar Association prohibits lawyers from subsidizing “lawsuits or administrative proceedings brought on behalf of their clients, including making or guaranteeing loans to their clients for living expenses” among other things. This can leave many victims of serious injury in a tough position when it comes to making ends meet as they struggle to recover.

Pre-settlement Cash Advance

Pre-settlement funding allows you to borrow against your expected settlement before your case is resolved. With a pre-settlement cash advance, you can secure funding for food, bills, and housing that may be slower to come as you recover. Pre-settlement funding gives you peace of mind and eliminates the stress of worrying about finances – and all without placing you at risk of serious losses when it’s time to repay the loan.

At Legal Capital Corp, we offer low, flat-fee pricing for pre-settlement cash advance. This allows you to borrow against your settlement without accruing a significant amount of new debt.

There is no fee to apply for pre-settlement financing and if you do not win your case, you do not pay the loan back. You have nothing at all to lose by calling 312-204-7939 to speak with one of our associates right away.

Your lawyer can’t loan you money, but Legal Capital Corp. Can. Call us today to learn more.