Change of View: Attorney Now Finds Value in Legal Funding
February 26, 2010
I want to share a story with the attorneys that are still ambivalent about legal funding. Yesterday I had a conversation with an attorney in Florida, about his client that was in desperate need of money or her house was going into foreclosure. The attorney told me that his client, a nurse of 20 years, could not continue to work in the same capacity after her fusion back surgery. The surgery was required as a result of injuries she suffered in a major car accident. In fact, she may never again be able to bear weight on her feet for an extended period of time.
The attorney continued to say that his client is the bread winner in her home and is raising three children. The attorney mentioned that she has nowhere else to turn for money. She has no living parents and her credit cards are all at there limits! The attorney told her to call Oasis Legal Finance and they will be able to help her get the financial aid she needed.
This is not an atypical case for legal funding. What is new is the change in view from the attorney. Two years ago this same attorney told me he would NEVER refer a client for legal funding.
I called him to thank him for the referral and asked him what had changed his mind. He told me that he lost two clients last year because he wouldn’t let them get legal funding, even though they needed the money. However, he only found out the reason he lost those two clients later, after they had switched attorneys. He also found out that each of their cases settled for over 100k. He told me he would never make that mistake again. He would use legal funding and would refer his cases to me as long as I listen to him about the funding amount because he knows the case the best. He continued that if I could work in that capacity that we would have a long happy relationship.
I assured the attorney as I do all my attorneys all over the country that Oasis Legal finance is the largest legal funding company for a reason and I would never over fund his cases. We now have a great working relationship and he only calls me when his clients are in a financial bind and need money quick.
- Ila Mellul Sr. Legal Director
Legal Funding benefits both Attorneys and their Plaintiffs
January 21, 2010
From time to time, we run into situations where Attorneys question legal funding and they wonder how we can actually help them out. The more we work with Attorneys, the more I hear about different ways in which we are able to help the Attorney and the plaintiff with a legal funding.
I got a call from an Attorney that I had only worked with once before. He was calling me to find out what the total payoff was for a previous legal funding. He also wanted to thank me for being able to provide such a wonderful service for him and for his plaintiff.
For this case the attorney had a plaintiff that came in with a significant back injury. He was rear ended by a SUV. They were given an offer right away for approximately $15,000. The plaintiff was in an urgent situation and was on the verge of losing his home. The plaintiff wanted to take the offer so he could keep his home. The Attorney suggested that get legal funding from Oasis. We were able to fund the case for $6000 so the plaintiff could keep his home. This gave the Attorney time to work toward a larger award on the case and gave time for the plaintiff to get the appropriate treatment for his back injury.
Almost a year later, the Attorney was able to settle the case for $250,000. The Attorney was able to get a fair settlement for his Plaintiff and the plaintiff avoided losing his home.
