Ideas & Enhancements

For those of us who use litigation funding companies to fund our bigger cases can we get a button added in the settlement tab that says amount received from litigation loan company or client credit/fund or something similar in which can automatically calculate if any money should be owed back to the client Example Bob has a big commercial case and the litigation company gives Bob $100,000 in funding to prosecute the case. The litigation company for making this loan charges the law firm 30% interest (In bobs retainer agreement the law firm states that the client agrees to incur all interest associated to borrowing for his case) Total Amount given to the law firm by the funding company $100,000 Total Interest on monies taken $30,000 Total Owed Back to the funding company $130,000 Case Expenses $100,000 Then bob should have $130,000 deducted from his settlement Also, a scenario if the law firm does not use the full budget how much should Bob be deducted In short any settlement tabs associated with interest and refunds would be greatly appreciated

For those of us who use litigation funding companies to fund our bigger cases can we get a button added in the settlement tab that says amount received from litigation loan company or client credit/fund or something similar in which can automatically calculate if any money should be owed back to the client


Example


Bob has a big commercial case and the litigation company gives Bob $100,000 in funding to prosecute the case.


The litigation company for making this loan charges the law firm 30% interest (In bobs retainer agreement the law firm states that the client agrees to incur all interest associated to borrowing for his case)



Total Amount given to the law firm by the funding company $100,000

Total Interest on monies taken $30,000

Total Owed Back to the funding company $130,000


Case Expenses $100,000

Then bob should have $130,000 deducted from his settlement



Also, a scenario if the law firm does not use the full budget how much should Bob be deducted


In short any settlement tabs associated with interest and refunds would be greatly appreciated.

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  • Aug 14 2023
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