Washington (WA) Lawsuit Loans

Updated on 6/5/2024

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

Lawsuit loan companies serving Washington

Below you will find a list of companies that provide funding in Washington. We highlight lawsuit loan companies we recommend, as well as local and regional funding companies where applicable.

Recommended lawsuit loan companies funding Washington residents

We recommend the following companies for plaintiffs residing in Washington.

Our pick for low rate lawsuit loans

USClaims 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 USClaims to see for yourself.

View USClaims’ profile

Our pick for fast lawsuit settlement loans

Thrivest Link Legal Funding offers reasonable funding terms often with simple, non-compounding rates. Their expert underwriting allows them to fund larger sums than many of their competitors. They frequently approve claims for funding within 24 hours.

View Thrivest Link Legal Funding’s profile

Highly rated on Google

High Rise Financial is a California-based lawsuit loan company. They have the most five-star reviews of any funding company in the industry. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.

View High Rise Financial’s profile

See our full list of recommended companies here.

Lawsuit funding laws, regulation, and relevant ethics opinions in Washington

Washington does not have any statutory law that directly impacts pre-settlement funding. Washington common law illustrates that pre-settlement funding is allowed in the state. Various cases including those that follow involving assignment of claims have made the court’s position clear. Unless a contract is contrary to public policy it would likely be upheld. Most companies provide funding to residents of WA.

Legal funding case law in Washington

Per Giambattista v. Nat’l Bank of Commerce – “champerty is the intermeddling of a stranger in the litigation of another, for profit, and maintenance is the financing of such intermeddling.” The court’s opinion in this case shows that so long as a third-party does not intermeddle in the litigation, they are not prohibited from financing it.
Source: Giambattista v. Nat’l Bank of Commerce

Can a lawyer lend money to a client in Washington?

A lawyer may advance or guarantee litigation expenses on behalf of a client.
Source: Washington Rules of Professional Conduct Rule 1.8(e)

Can attorneys help clients receive lawsuit loans in Washington?

The Washington State Bar ethics committee indicated that rule 1.8(e) precludes a lawyer from lending money to a client. In the same opinion, the committee indicated that a lawyer may arrange financing for a client from a third-party.
Source: Washington State Bar Association Advisory Opinion: 1691

Lawsuit loan alternatives in Washington

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