Baker Street Funding, LLC (Baker Street), a legal funding company located in New York and South Florida, is committing to increasing their litigation funding efforts on settled cases. This type of legal funding provides contingency fee based attorney and their clients with immediate liquidity to help bridge the gap between settlement and payment distribution.
Daniel DiGiaimo, CEO of Baker Street, said, “It is important during these trying times to help our clients get the money they need as quickly as possible. This is why we are not only committed to funding settled case applications the same day that they apply, but to increase our focus and funding efforts on these claims to help plaintiffs and attorneys get immediate liquidity. We have seen settlements delayed all across the country due to the disruption of the court system and we are committed to help both plaintiffs and attorneys find a solution.”
Baker Street is one of the largest funders in the legal finance industry, which consists of companies that provide plaintiffs and their attorneys access to capital throughout the different procedural stages of litigation. Some companies specialize in pre-settlement funding or case-cost financing but Baker Street is one of the only companies that provides a vast array of services to their clients including pre and post-settlement funding, case cost funding and institutional case funding.
Because of Baker Streets access to multiple streams of capital, they can provide funding from as little as $5,000 all the way up to $50mm+, to the applicant, in some cases as quickly as the same day.