attorney legal financing capital marketplace most common questions answered
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The most common legal financing questions answered by the LitCap marketplace founders during attorney legal capital webinar presentation.TRANSCRIPT
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LitCap Marketplace Corporate Profile
855-645-8377
www.litcap.net
LitCap Corporate Profile
Founded as a private corporation in Houston, Texas in the fall of 2011, with launch of the LitCap Marketplace for attorney case cost financing September 1st, 2013, LitCap is an online marketplace that connects attorneys with qualified investors/lenders for case cost financing. Membership is exclusive for preeminent attorneys who have obtained a high level of peer recognition in the areas of the law that they regularly practice.
LitCap Founders Cofounded by Mr. Hugh Jones Plummer, Jr., a second generation trial
attorney noted as a National Trial Lawyer Top 40 under 40 in 2013, Texas Super Lawyer Rising Star from 2011-2013, and now serving as LitCap Managing Director.
Cofounded by Mr. Britton J. Holland, former energy trader with extensive experience in banking and asset management, now serving as LitCap President.
At LitCap we believe...
1. Case cost financing should function exactly the same way a lawyer’s contingent fee agreement works with the lawyer’s client.
2. Attorney, firm and client interests should be aligned in the best interests of all.
3. Investors should have access to preeminent low risk attorneys who list meritorious cases, with a good potential return on investment.
4. A small fee is charged on a case by case basis, and is repaid when the case is successful.
Benefits of Nonrecourse Legal Financing using the LitCap Marketplace:
1. Transfers financial risk away from firms and their clients reducing
case litigations and financial risks. 2. Potentially unlimited financing is available to better suit a
litigators’ interests with no periodic re-payment. 3. If an attorney fails to make recovery the loan and finance charges
can be forgiven.