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Frequently Asked Questions

Revised October 25, 2016.
legalist.us / faqs

General Questions

What is Legalist?

Legalist is a litigation financing corporation. We know lawsuits are expensive, so we provide you upfront capital for your business until your case is closed.

Our financing model means that we invest in commercial claims worth $500,000 or more, covering legal fees and operational expenses in exchange for a portion of the proceeds from the settlement or verdict. We base our underwriting process on analytics that use tens of millions of court cases to best assess risk.

What is litigation finance?

Litigation finance (or litigation funding) is the practice where a third party like Legalist provides capital to the plaintiff involved in a lawsuit in return for a portion of any financial recovery from the settlement or judgment.

What kinds of cases does Legalist fund?

Legalist funds commercial lawsuits at both state and federal level worth $1 million or more in potential damages. All cases must already be filed.

What does Legalist charge?

Legalist funding varies from case to case, depending on your case details and our risk assessment outputs. Please fill out this form to initiate your application.

How does Legalist decide what cases to fund?

We base our financing decisions on a mixture of data insight and legal analysis by professional litigators. In additional to expert opinions on each case’s legal merit, our underwriting process uses our proprietary algorithm, which scans a database of tens of millions of state and federal court cases, to select and vet cases.

For Plaintiffs

What kinds of funding does Legalist cover?

Legalist funds cover legal fees for your business case, and can also provide operational expenses during your case. We tide you over until your lawsuit ends.

How do I apply for litigation funding?

Apply by filling out this form.

I submitted a case, when will I hear back?

All cases are reviewed by our team and run through our algorithm. On average, it takes us less than 24 hours to perform an initial screening.

How long does it take Legalist to make a decision?

Legalist typically takes less than 3 days to make a decision. We know that time can mean everything in litigation, which is why we have staff on hand to expedite your application if necessary. The fastest we've ever completed the entire process from initial application to funds transferred is currently 8 hours, and if that's what you need, we'll do the same for you.

Do I need a lawyer to apply for litigation financing?

You don’t need a lawyer to apply for litigation financing, but all cases must already be filed in the court they will be tried in.

What types of factors does Legalist look for in selecting cases?

Legalist selects cases where expected settlement or verdict amounts to more than $500,000. We look for cases where the legal merit has been vetted by a legal professional, and where legal fees requested amount to no more than $1 million. We are open to cases of any type.

How much involvement does Legalist have once the case is funded?

Besides requesting periodic informational updates on the progress of the case, Legalist does not have any involvement in litigation strategy or settlement negotiations.

For Attorneys

How do I refer a client to Legalist for litigation funding?

Please have your client fill out this form. After their application is submitted, you will receive an attorney questionnaire for you to complete.

Does Legalist have any involvement in litigation process or strategy?

Once funded, besides requesting periodic informational updates on the progress of the case, Legalist does not have any involvement in litigation strategy or settlement negotiations.

Have more questions?

If your question has not been answered, email us at info@legalist.us and we’d be happy to answer! We promise to get back to you within 24 hours.

Fund your lawsuit today

Apply for financing here.