Cartiga Donates $100,000 to the Innocence Project
New York, Oct. 31, 2022 Cartiga has donated $100,000 to the Innocence Project and become one of its prominent corporate sponsor and an advocates. This donation will aid in the Project’s great work exonerating wrongly convicted individuals. The Innocence Project represents clients seeking post-conviction DNA testing to prove their innocence. It also consults on a […]
Disclosure of Consumer Legal Funding
In recent years, individual plaintiffs have increasingly utilized consumer legal funding (“Consumer Funding)” in connection with their personal injury claims. Consumer Funding provides money to individuals who are pursuing those claims and who need cash in the meantime to pay basic living expenses. In exchange, the funding companies receive an interest in any proceeds that […]
How A Bankruptcy Filing May Affect A Personal Injury Claim
What happens if your personal injury client files for, or has filed for, personal bankruptcy? Can you continue to represent that client? Can your client still make decisions about his or her legal claim? Does your client retain the right to proceeds from the claim? These are critical questions you will have to navigate. Federal […]
Demystifying Consumer Legal Funding Pricing
Consumer legal funding companies provide funds to individuals to cover basic living expenses while they pursue legal claims. In return for those funds, legal funding companies purchase an interest in any proceeds that individuals may recover on their legal claims, and individuals agree to make payments to the funding companies from any proceeds that are recovered. The individuals have no obligation to make payments if they do not obtain a recovery (in other words, the funding arrangement is “non-recourse”), and their obligation is to make payments only from the proceeds recovered.
A Basic Guide to Finance Options for Lawyers and Their Clients
Trial lawyers face a Catch-22 when they work to build their litigation business: they always need additional capital to take on potentially lucrative new cases, but accumulating these funds is often infeasible. This is because their recoveries on existing cases are often consumed by the day-to-day costs of running their practice and providing their existing clients with optimal service.
Having a full understanding of all available funding options can help trial lawyers grow their practice and stay on the path to future success without impairing their existing business. For those who feel stuck in the Catch-22 of capital formation, here’s a basic primer to help you understand your choices, so you can determine what makes sense for you.
Non-Lawyer Ownership Proposal In Florida
If you were disappointed by the Florida Bar Board of Governor’s November 8, 2021 decision to reject the proposals for non-lawyer ownership of law firms, you are not alone. Many small to mid-size law firms were hopeful that infusions of equity by non-lawyer investors would be a solution to uneven cash flows, the need for capital to grow a practice area, and the rising costs of running a law firm business.
Why You Should Avoid the Lure of Low Settlement Offers
Being involved in an accident is traumatic. And for those who are injured, the aftermath can be just as bad. Victims often find themselves juggling the technical aspects of legal claims and police reports while they are attempting to rest and recuperate. During this stressful time, insurance companies frequently make a settlement offer, and exhausted victims can be tempted to accept the sum, just so they can be done with the whole experience. But be forewarned: while an initial settlement offer can be alluring, it rarely amounts to what the victim truly deserves.
To Borrow or Not to Borrow?
When taking on a case, lawyers should carefully analyze expected timeline and the associated costs for reaching a resolution. This can create significant “durational risk” and debilitating financial pitfalls. The challenge is that it can be impossible to determine exactly how much time or money might be spent until the case is settled; forces outside the lawyers’ control can significantly affect how long the case runs. That’s why it’s vital to analyze the risks of an extended duration in the case, and be sure to tap into commercial legal funding services to cover litigation costs and to empower you and you client to go the extra mile if necessary to get the optimal result. The questions below can help guide your approach.
Advertising Options That Can Lead to New Clients at a Reasonable Cost
Trial lawyers face a Catch-22 when they work to build their litigation business: they always need additional capital to take on potentially lucrative new cases, but accumulating these funds is often infeasible. This is because their recoveries on existing cases are often consumed by the day-to-day costs of running their practice and providing their existing clients with optimal service.
Having a full understanding of all available funding options can help trial lawyers grow their practice and stay on the path to future success without impairing their existing business. For those who feel stuck in the Catch-22 of capital formation, here’s a basic primer to help you understand your choices, so you can determine what makes sense for you.
What Should You Call Your Law Firm? Can You Trademark it?
As long as law firms have been in existence, many lawyers have preferred to simply use their names. Recently, some firms have taken a more brand-oriented approach by adopting descriptive or suggestive terms as their names. Both approaches are viable and have their respective merits and limitations.
