- Guaranteed Transparency
Let’s start with perhaps the most important reason first, guaranteed transparency. All members of ALFA must obtain written acknowledgement from your attorney before funding your case. Yes, involving your attorney is an additional step in the process but having a legal professional that knows your legal situation better than anyone and one that can examine the funding agreement is of the utmost importance.
- You will Receive only what you Need
Members of the ALFA are not permitted to intentionally over-fund a case. That being said, if you receive funding once, you can apply for funding again. And, being that all of your information is on file it should be much easier the second time around.
- No Commissions to Lawyers or Law Firms
If you are referred to a member of the American Legal Finance Industry it is not because your attorney or law firm is getting a kick back, it is most likely because of our reputation in the industry or our past dealings with your lawyer.
- Ethical Standards
Members of the American Legal Finance Industry maintain the highest ethical standards and fair business practices within the legal funding industry.
- Industry Standards
The ALFA has developed standardized documentation for funding agreements for use by its members and maintain a comprehensive database (the Investment Management System) of legal funding advances made by ALFA members. ALFA members use this database to avoid potential problem cases and to ensure that cases are not over-funded.