DOWNTO BUSINESS
DOWNTO BUSINESS
In the high-stakes world of personal injury litigation, there’ s one question every attorney must consistently ask: Am I acting in my client’ s best interest?
Ethics in legal funding is not a grey area— it’ s clearly outlined in the Rules of Professional Conduct. When a client seeks funding, attorneys have an obligation to( 1) present multiple options, and( 2) disclose the lowest known rate. Anything less risks compromising the trust placed in them and potentially violating bar rules.
But here’ s the problem: the current funding landscape makes it incredibly difficult to live up to these standards. With fragmented vendors, hidden terms, and compounding interest rates disguised as“ standard practice,” the average plaintiff is placed into an ethical minefield— one where poor funding choices can wipe out settlements and strain attorney-client relationships.
The Legal Funding Dilemma
Historically, plaintiffs have faced a bleak set of funding choices:
• A credit card with 29 – 36 % compounding APR, mandatory monthly payments, and full recourse.
• A legal funder who offers fast cash— but at sky-high rates, often cloaked in misleading terms and compounding structures.
• Neither option truly serves the client. Both can lead to debt spirals, early settlements, and disillusionment with the legal process.
18 The Trial Lawyer
ARE YOU ETHICAL? By Logan Alters
ClaimAngel: A Transparent Alternative
• ClaimAngel was built to disrupt that status quo.
• We’ re the first and only legal funding marketplace that uses technology to enforce transparency, fairness, and efficiency. Here’ s what we offer, by design:
• One set low rate at 27.80 % simple interest
• A 2x cap on repayment at 46 months
• Non-recourse funding – if the client loses, they owe nothing
• Standardized contracts and fully transparent terms
• An attorney portal( ClaimAngel Link) that streamlines the entire process
• Funding from 20 + vetted funders, all competing to fund cases on ClaimAngel’ s terms
• This isn’ t just a better process— it’ s an ethical safeguard.
• Tech That Keeps You in Compliance Remember those two ethical rules?
• Offer Multiple Options: ClaimAngel automatically presents your client’ s case to over 20 competing funders. No singlefunder deals. No biased backchannels.
• Disclose the Lowest Rate: We only have one rate— and it’ s likely the lowest in the country. No shopping around. No fine print.
When attorneys use ClaimAngel, they protect themselves and their clients. They fulfill both their fiduciary and professional obligations, all while providing plaintiffs the lifeline they need— without future regret at repayment.
Changing the Game, One Case at a Time
• Thousands of cases have already been funded through our platform. Why? Because it works— for everyone.
• Plaintiffs get time, peace of mind, and fair terms.
• Attorneys fulfill their ethical duties with less administrative burden.
• Funders access a centralized, cost-efficient way to deploy capital— with fair returns and reduced risk.
• It’ s no wonder that over 1000 law firms have used ClaimAngel to date, with hundreds more joining every month.
A Simple Question, A Clear Answer Are you ethical?
It’ s not a trick question. It’ s a daily challenge. But with the right tools and partners, it’ s one you can answer with confidence. ClaimAngel is that partner. We’ ve eliminated backdoor deals. We’ ve removed compounding confusion. We’ ve created a standardized marketplace that makes ethics the default— not the exception.
So the next time a client asks about funding, don’ t send a text to your“ guy.” Send them to ClaimAngel— where transparency, fairness, and simplicity are built in.
Because being ethical shouldn’ t be hard. It should be the only option.
Visit claimangel. com / lawfirms or call( 877) 442-6435.