Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in California. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in California
California does not have laws regulating consumer lawsuit loans. Per common law, California does allow third-party legal funding. The CA bar indicates that lawyers may assist their clients with these transactions. It is likely that all lawsuit lending companies have the ability to service CA plaintiffs.
Can a lawyer lend money to a client in California?
The California Bar does not allow attorneys to lend to their clients for personal or business expenses.
Source: California Rules of Professional Conduct Rule 4-210 Payment of Personal or Business Expenses Incurred by or for a Client
Can attorneys help clients receive lawsuit loans in California?
Though lawyers may not make or guarantee loans for living expenses on behalf of their clients, pre-settlement funding contracts don’t require an attorney guarantee, this is not an issue for funding in the state.
Source: Formal Opinion No. 2020-204
Lawsuit loan companies serving California
Recommended lawsuit loan companies funding California residents
US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.
Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.
Lawsuit loan companies located in California
Other pre-settlement lawsuit loan companies serving California residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Ally Lawsuit Loans
- LawStreet Capital
- Golden Pear Funding
- Prime Case Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- Fund Capital America
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding