Litigation finance, underwritten like credit.
LitAxis structures and places non-recourse funding for plaintiff law firms — and benchmarks the offers firms already have against real market terms. Built by former trial lawyers who went on to found a $1B+ national lending platform, we bring institutional credit discipline to litigation assets.
| Matter type | Structure | Facility size | Status |
|---|---|---|---|
| Fee-interest portfolio — 11 healthcare reimbursement matters v. national insurer | Non-recourse portfolio facility, tranched draws, expansion option | $20M+ | Term sheet negotiated & placed |
| Whole-docket facility — mass arbitration, class action, mass tort & PI segments | Firm-level portfolio submission with segment-weighted collateral model | $25M+ | In funder diligence |
| Firm recapitalization — high-volume contingency practice | Refinance of recourse bank debt & personal guarantees into non-recourse structure | $80M | Underwritten |
Client and funder identities are confidential in every engagement. Figures reflect facility sizes underwritten or negotiated; profiles are generalized to protect the parties.
Both sides of the table
Who we areMost litigation funding brokers have never tried a case, never underwritten a loan, and never built a financial platform. We have done all three — which is why funders treat our submissions as pre-screened deal flow, and why firms get straight answers in days instead of silence for months.
Our principals practiced as trial lawyers for a combined 30+ years, litigating complex commercial and injury matters. They then founded and scaled a national commercial lending platform that originated more than $1 billion, and built an insurance distribution business serving plaintiff law firms across 41 states.
That history means we read a docket the way a trial lawyer does, model collateral the way a credit committee does, and negotiate terms the way an operator who has sat on the capital side does. We keep our own names off the marketing and let the work product speak — every client learns exactly who we are on the first confidential call.
What we do
ServicesNon-recourse funding placement
Fee paid by the funder at closing
We structure, underwrite, package, and place non-recourse facilities for plaintiff firms: single high-value cases, case portfolios, whole-docket facilities, fee-interest advances, and judgment or appeal monetization. Because we underwrite to institutional standards before anything is submitted, multiple funders compete for the deal — which is how firms get better pricing, cleaner covenants, and faster closings than going to one funder directly.
- Case and portfolio facilities from $1M to $80M+
- Refinancing of recourse bank debt and personal-guarantee facilities into non-recourse structures
- Confidential process: anonymized pre-NDA outreach, funder pre-clearance, term-sheet confidentiality
Funding-offer benchmarking
Flat-fee engagement, quoted up front
Already have a term sheet? Before you sign, we tell you whether it is market. We benchmark the pricing, return waterfall, multiple and yield accrual, break fees, exclusivity, security, and covenants against a proprietary database of recent litigation finance transactions — then deliver a written analysis with specific negotiation recommendations.
Firms use this to negotiate from strength or to invite competing terms. Nobody else in the market offers plaintiff firms an independent, underwriting-grade second opinion.
Capital-stack & strategy consulting
Retainer or project engagements
Beyond individual deals, we advise on the whole financial architecture of a contingency practice — and on litigation strategy from the capital perspective. Engagements include capital-stack reviews (what your current lines actually cost you in guarantees, trapped cash, and callable risk), litigation exposure and settlement analytics for institutional clients, and lending and fintech advisory drawing on our operating history.
- Capital-stack review with a refinancing roadmap, creditable against a placement fee
- Litigation and claims strategy consulting for institutional clients under monthly retainer
- Underwriting technology and process design for capital providers
How an engagement runs
ProcessConfidential review
A 15-minute call and a short document list. Everything is covered by confidentiality from the first conversation; active matters get a code name before any outside contact.
Underwriting
We run the same analysis a funder's committee would: merit assessment, collateral and encumbrance modeling, financial review. You get an honest read — including what would need to change if the answer is not yet.
Competitive placement
A complete deal package goes to the funders whose mandate actually fits your matter — matched on case type, size, jurisdiction, and risk appetite — so terms come back competitive, not take-it-or-leave-it.
Negotiation & close
We benchmark every term sheet against market, negotiate structure and pricing at your side, and manage diligence through funding. On placements, the funder pays our fee at close.
For litigation funders
Capital providersDeal flow that arrives pre-underwritten — and screening capacity without adding headcount.
Every submission we send has already passed the review your committee would run: merit assessment, collateral modeling against counsel's actual fee interest, encumbrance and financial-cleanliness checks. We flag the weaknesses ourselves, because our credibility with you is the entire business.
We also engage directly with funders as an underwriting resource:
- First-pass screening of your inbound pipeline — triage memos that separate the fundable from the fatal before you spend diligence dollars
- Independent second-look analysis on live opportunities
- Portfolio and docket collateral modeling for larger facilities
If your mandate isn't yet in our network, introduce yourself — matching the right funder to the right matter is the core of what we do.
Common questions
FAQWhat is non-recourse litigation funding?
Capital advanced to a law firm against the expected proceeds of a case, portfolio, or docket. If the underlying matters do not recover, the firm owes nothing beyond the funded collateral — no personal guarantee, no claim on the firm's other assets. It is fundamentally different from a bank line, which is recourse debt that partners typically guarantee personally and that a bank can call.
Who pays LitAxis?
On funding placements, our fee is paid by the funder at closing — not by the law firm, and never out of your pocket up front. Benchmarking and advisory engagements are flat-fee consulting, quoted before any work begins.
How are you different from other funding brokers?
We underwrite before we submit. Most brokers forward whatever crosses their desk; funders know it, and treat broker submissions as noise. Because our packages arrive with the analysis already done — and the weaknesses already flagged — funders prioritize them, and firms get real answers in days.
Can you review a funding offer I already have?
Yes — that is a standalone service. We benchmark your term sheet's economics and structure against a database of recent transactions and deliver a written opinion on whether the terms are market, with specific negotiation recommendations. Many firms then engage us to bring competing terms.
What size and type of matters do you handle?
Typical engagements run from $1 million single-case advances to whole-docket and firm-level facilities of $20 million or more; recent underwriting engagements have ranged from $1.5 million to over $80 million. Matter types include mass tort and mass arbitration dockets, commercial cases, catastrophic injury and medical malpractice, fee-interest portfolios, and judgments on appeal.
Is my information confidential?
Completely. Confidentiality applies from the first conversation; active matters receive code names before any pre-NDA outreach; and nothing identifying your firm goes to any funder without your clearance. We never publish client or funder names — as this site demonstrates.
Start a confidential review
ContactTell us about your funding need — or the offer you want benchmarked. A principal (not an intake associate) will respond within one business day to schedule a confidential call. The optional financial fields let us arrive at that call with a preliminary read already in hand.