Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Wisconsin. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in Wisconsin
Wisconsin state law says that a claim cannot be defended on the grounds of champerty except for claims arising from the contract itself. That means that while obtaining legal funding will not damage your case, lawsuit lending contracts could conceivably be overturned in the state of Wisconsin. Most legal funding companies serve residents of the state of Wisconsin.
Laws regarding lawsuit loans in Wisconsin
WI Stat § 895.375 (2019) disallows champerty as a defense of a claim unless the claim arises from the contract itself. Basically, legal funding contracts in Wisconsin
Source: WI Stat § 895.375 (2019)
Can a lawyer lend money to a client in Wisconsin?
In Wisconsin attorneys cannot lend money to their client for living expenses. They can advance the costs of litigation.
Source: Wisconsin Rules of Professional Conduct Rule 1.8(e)
Can attorneys help clients receive lawsuit loans in Wisconsin?
Attorneys may decide whether or not they want to participate in legal funding transactions on behalf of a client. However, if a third-party funding company asserts a lien on a case, the lawyer must resolve the lien before making payments from disputed funds to the client.
Source: State Bar of Wisconsin Ethics Opinion E-09-01: Lawyer’s responsibilities when a client gives a third party a “lien” on settlement proceeds.
Lawsuit loan companies serving Wisconsin
Recommended lawsuit loan companies funding Wisconsin 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 Wisconsin
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Wisconsin. Local funding companies interested in being included on this page may contact us at [email protected]
Other pre-settlement lawsuit loan companies serving Wisconsin residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- Preferred Capital Funding
- National Lawsuit Funding
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding