When dealing with an attorney and client in a funding situation, you should always treat them with respect and always be dignified and professional in your interactions. The attorney and client should also understand some basic funding concepts;
1. Normally the maximum advance[pre-settlement] is 10% of the value of the case or available coverage. Funders will usually go to 20% if the case in the latter stages.
2. On a settled case funders will normally advance 40-50% of the person'e expected net share;
3. Funders will not fund a questionable liability case unless injuries are catastrophic. Then usually a nominal advance is made.
4. Funders do not like to fund Allstate or Countrywide cases;
5. On a medical malpractice funding, information about a "real expert" must be available.
6. On a premises case some proofs re: " notice " must be submitted with the funding application.
7. Motor vehicle cases must have a police report, pd settlement or witness statement.
These are just a few of the general rules utilized by funders. Getting a little insight on this may just make the funding process go a little smoother.
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