Peachtree Financial Solutions

Q. What Do We Do?

A. We turn future legal fees into current working capital for personal injury law firms. Attorneys are often forced to use their own after-tax income to advance the costs of litigation for their clients. Capital which could be better spent winds up committed to litigation costs as interest-free financing for their clients. Attorney Cost Financing provides a solution that increases liquidity for participating attorneys.

Q. How Do We Do It?

A. We establish a Revolving Credit Line with the law firm and take an assignment of a law firm’s contingency fee interest in their pending personal injury cases. This enables us to immediately forward funds to the law firm whenever they’re needed for litigation expenses. Instead of waiting months or years for reimbursement, attorneys can get lawsuit funds the very next day. Participating attorneys do not need to make monthly interest payments to us. They pay us when they get paid.

Q. What Types of Expenses are Eligible?

A. Almost all expenses definable as “litigation costs” qualify. This includes expert witness fees, court filing fees, service of process fees, medical report fees and deposition/EBT costs.

Q. What is the Process?

A. Peachtree only works with established and experienced personal injury law firms. A simple application, verification of firm income and documentation of personal injury portfolio are required. Once we receive this information, a decision on whether the requested Credit Line can be approved will be provided within 3 business days. After a Revolving Credit Line is established, funds can immediately be withdrawn to cover litigation costs for any eligible pending case. The case cost requests can be made and completed through our secure internet server 24 hours a day. All approved requests received prior to 3 pm EST will have funds from the Credit Line sent to the firm’s bank account the next business day.

Q. What Does It Cost?

A. We charge less than the very few firms that exist in this business. The cost to board a case with the program is $25.00 and the annual interest floats with the Prime Rate. No payments are due until each eligible case is resolved. Additionally, in many states, the cost of the line of credit can be passed on to the client and reimbursed directly from case settlement proceeds.

Q. How Much Will We Offer the Law Firm?

A. We can offer between $100,000 and $5,000,000 to a law firm depending on the size and quality of its personal injury portfolio, its record of success with such claims, its years in existence and the disciplinary histories of its Members. All attorneys in Good Standing can apply to be considered for participation in the program.