PROBLEM: Plaintiff, a sizable corporation, paid its law firm by the hour for legal fees and reimbursed them for case expenses over the course of litigation. The legal bill, which included intense discovery, extensive trial preparation, and a war-like trial, was substantial. The case was won by the plaintiff, and the defendant appealed. Although the plaintiff had the cash, they did not want to use it to pay for the appeal. Their law firm generally did not work strictly on a contingency.
SOLUTION: Utilizing an investment from Appeal Funding Partners, they created a win-win fee structure wherein the law firm worked for a reduced hourly fee plus a contingency, and the plaintiff used non-recourse appeal funding to obtain the cash to cover the hourly portion of the fee. Basically, the corporation structured a contingence fee for all of the legal work on the appeal. These non-recurse investments are made while the appeal is still pending before the final appellate decision is reached. Not a loan, these investments are risk-free for you i.e., you are only obligated if the case is eventually won and you pay only with the money collected from the defendant.
SOLUTION PROVIDER: Appeal Funding Partners, LLC, leader in appeal finance, provides immediate financial assistance in the form of non- recourse cash investments for trial attorneys and plaintiffs who have won money judgments on appeal.