Louisiana (LA) Lawsuit Loans

Updated on 8/11/2021

This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Louisiana. Below you will find the following information:

Lawsuit loan alternatives in Louisiana

Lawsuit loans are expensive. Plaintiffs in Louisiana should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:

  • Get Help Paying for Utilities in Louisiana – LIHEAP is a state-sponsored program that helps Louisiana residents get discounts on their utility bills. To qualify, household income has to be under 60% of state median levels.
  • Get Help With Affordable Housing in Louisiana – the Louisiana Balance of State Continuum of Care (BOSCOC) helps people who are homeless or in danger of becoming homeless find resources in their area.
  • Northwest Louisiana Food Banks – website that helps residents of the Northwest region of Louisiana find nearby food banks. May require proof of residency.
  • Northeast Louisiana Food Banks – website that helps residents of the Northeast region of Louisiana find nearby food banks. May require proof of residency.
  • South Louisiana Food Banks – website that helps residents of the Southern region of Louisiana find nearby food banks. May require proof of residency.
  • Central Louisiana Food Banks – website that helps residents of the Central region of Louisiana find nearby food banks. May require proof of residency.

Lawsuit funding laws, regulation and relevant ethics opinions in Louisiana

Louisiana statutory law prohibits the sale and assignment of claims to officers of the court but otherwise allows the practice. The Louisiana Bar does not opine specifically on lawsuit lending but does allow lawyers to guarantee or secure loans to clients with specific rate limitations.

Laws regarding lawsuit loans in Louisiana

LA Civ Code 2447 prohibits the sale or assignment of claims to officers of the court but does not otherwise prohibit the sale and assignment of claims to other parties.
Source: LA Civ Code 2447

Legal funding case law in Louisiana

The court asserted in Martin v. Morgan Drive Away, Inc. that as Louisiana is a civil law jurisdiction, it does not apply common law champerty and maintenance doctrines. The court referenced LA Civ Code 2447 (above) and clarified that state law does not prohibit the sale and assignment of claims to those who are not officers of the court.
Source: Martin v. Morgan Drive Away, Inc.

Can a lawyer lend money to a client in Louisiana?

Lawyers in Louisiana can advance the costs of litigation on behalf of a client that will have to be repaid if the case is successful. However, an attorney cannot help with living expenses.
Source: Louisiana Rules of Professional Conduct 1.8(e)

Can attorneys help clients receive lawsuit loans in Louisiana?

Lawyers may provide a guarantee or security on a loan to a client in the event that the rate charged does not exceed 10% above the prime rate.
Source: Louisiana Rules of Professional Conduct 1.8(e)

Lawsuit loan companies serving Louisiana

Recommended lawsuit loan companies funding Louisiana residents

US Claims Logo

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.

View US Claims’ profile

Thrivest Link Legal Funding Logo

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.

View Thrivest Link Legal Funding’s profile

Lawsuit loan companies located in Louisiana

Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Louisiana. Local funding companies interested in being included on this page may contact us at [email protected]

Other pre-settlement lawsuit loan companies serving Louisiana residents