Law firms sometimes rely on financing to balance uneven cash flows that result from the event-based nature of case litigation, including attorneys and law firms that work on a contingency fee basis, meaning they are not paid until a case is won or settled.
As such, Legal Finance allows law firms to cover expenses while operating and growing their business with the expectation that, when the law firm wins a case or achieves a settlement for its client, the financing will be repaid. Below is a graphic that reviews the details of the process.
For additional questions regarding Yieldstreet or our Legal Finance offerings, please email us at [email protected].
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