ARE YOU REPRESENTING A CLIENT IN A PERSONAL INJURY CASE?
Help them get cash before their settlement is paid out
Partner With Us
At Glofin, we aim to work alongside your client in order to provide them with the financial support they need while you work to settle their lawsuit. We understand you are the expert in the field of law while we are experts in utilizing our resources to manage your client’s financial needs through our pre-settlement cash advance. We equip your client with the cash necessary in order to continue a normal lifestyle and make necessary payments while you focus on settling their case.
No. Because we take the risk of settlement together with the claimant and attorney, courts have continuously ruled that our advance is not a loan. Therefore, our advancements and fees are not subject to usury laws.
No. The percentage of the cases we invest into is not affected in any way by the time it takes for a case to settle. Whether you settle in 2 months or obtain a verdict in 5 years, their is no financial obligation until resolution of the case.
We advance money by purchasing a portion of the anticipated settlement. We do not loan you money. We advance money now in return for a portion of your potential proceeds, whenever that may be. Just like yourself and your attorney, we take the risk of a successful resolution. If the case is lost, we lose our money.
This of course, varies from state to state but GLOBAL is not aware of any ethics opinions which prohibit attorneys from signing a pre-settlement funding lien. In most cases we issue a Letter of Instructions from the client to the attorney instructing the attorney to place a lien in the file.
Glofin does not place limitations on use of proceeds; we look more favorably upon those cases where the proceeds are used to pay bills or case expenses such as expert witnesses, economists or case enhancing costs.
Glofin will invest in many different types of cases including: Personal Injury Vehicle, Personal Injury Premises, Personal Injury Assault, Workers Compensation, Wrongful Death, Medical Malpractice, Sexual Harassment and FELA and Jones Act.
The American Bar Association does not allow attorneys to lend cash to clients for anything but case expenses. This prohibition was established to prevent a conflict of interest from arising. If you owed your attorney money you might feel obligated to accept your attorney’s advice to settle your case when you really did not want to accept the amount offered.
Conservative financial companies, including banks, do not generally lend against a lawsuit. It is our experience that they think the business is too risky and choose only to lend against tangible assets.
Some companies choose to hide their fees until you are approved and are unlikely to want to go through the process again so you accept their extremely high fees. We tell you our fees upfront before you even apply.
No. The percentage of the cases we invest in is not affected in any way by the time it takes for a case to settle. Whether you settle in 2 months or obtain a verdict in 5 years, your client has no financial obligation until resolution of the case.