Arkansas Pre Settlement Funding & Lawsuit Loans

Why Is Lawsuit Funding Illegal In Arkansas?

Lawsuit funding, also known as legal funding or litigation financing, can be a valuable resource for individuals involved in legal disputes. However, navigating the legal landscape surrounding lawsuit funding in Arkansas is not possible due to specific laws that restrict its availability. In Arkansas, there is a law that makes it illegal for a third party to provide lawsuit funding, commonly referred to as “third-party litigation funding” or “non-recourse loans.”

The specific law that prohibits third-party lawsuit funding in Arkansas is Arkansas Rule of Professional Conduct 5.4(a).

This rule states that lawyers are not allowed to share fees with non-lawyers, which includes any arrangement where a non-lawyer provides funding for a client’s lawsuit in exchange for a share of the settlement or judgment amount. The purpose of this rule is to maintain the integrity and independence of the legal profession by preventing conflicts of interest and ensuring that decisions made in legal matters are in the best interest of the client.

The rationale behind the prohibition on third-party lawsuit funding in Arkansas stems from concerns about potential unethical practices and interference with the attorney-client relationship. Opponents argue that allowing non-lawyers to provide funding could lead to conflicts of interest, compromised legal strategies, and undue influence on the outcome of the case. By maintaining strict regulations on lawsuit funding, Arkansas aims to preserve the integrity of its legal system and protect the interests of plaintiffs.

However, the prohibition on third-party lawsuit funding can create significant challenges for individuals seeking financial support during the course of their legal cases. Lawsuits can be lengthy and expensive endeavors, often resulting in financial hardships for plaintiffs who may require immediate funds for medical bills, living expenses, or legal costs. Without access to lawsuit funding, individuals involved in legal disputes in Arkansas may face difficulties in obtaining the necessary resources to pursue their claims fully.

It is important to note that while third-party lawsuit funding is restricted, there are alternatives available to plaintiffs in Arkansas. Plaintiffs who need money now may explore other options such as personal loans, borrowing from friends or family, or seeking financial assistance from charitable organizations. Additionally, attorneys may offer contingency fee arrangements, where they only receive payment if the case is successful, alleviating some of the financial burden for plaintiffs.

Lawsuit Funding In Arkansas By City

^{The largest cities in Arkansas are Little Rock, Fort Smith, North Little Rock, Fayetteville, Jonesboro, Pine Bluff, Springdale, Rogers, Hot Springs, and Jacksonville.}

^{TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Arkansas including Adona, Alco, Alexander, Alicia, Alix, Alleene, Alma, Almyra, Alpena, Alpine, Altheimer, Altus, Amagon, Amity, Antoine, Arkadelphia, Arkansas City, Armorel, Ash Flat, Ashdown, Atkins, Aubrey, Augusta, Austin, Avoca, Balch, Bald Knob, Banks, Barling, Barton, Bass, Bassett, Bates, Batesville, Bauxite, Bay, Bearden, Beaver, Bee, Beebe, Beech Grove, Beedeville, Beirne, Bella Vista, Belleville, Ben Lomond, Benton, Bentonville, Bergman, Berryville, Bexar, Big Flat, Bigelow, Biggers, Birdeye, Biscoe, Bismarck, Black Oak, Black Rock, Blakely, Blevins, Blue Mountain, Bluff City, Bluffton, Blytheville, Board Camp, Boles, Bonnerdale, Bono, Booneville, Boswell, Bradford, Bradley, Branch, Branch Brickeys, Briggsville, Brinkley, Brockwell, Brookland, Bruno, Bryant, Buckner, Bull Shoals, Burdette, Byron, Cabot, Caddo Gap, Caldwell Cale, Calico Rock, Calion, Camden, Camp, Camp Joseph T Robinson, Canehill, Caraway, Carlisle, Carthage, Casa, Cash, Casscoe Cave, Cave Springs, Cecil, Cedarville, Center Ridge, Centerton, Centerville, Charleston, Charlotte, Cherokee Village, Cherry Valley, Chester, Chidester, Choctaw City, City Clarendon, Clarkedale, Clarkridge, Clarksville, Cleveland, Clinton, Coal Hill, College, College Station, Colt, Columbus, Combs, Compton, Concord, Conway, Cord, Corning, Cotter, Cotton Plant, Cove, Coy, Crawfordsville, Crocketts Bluff, Crossett, Crumrod, Curtis, Cushman, Damascus, Danville, Dardanelle, Datto, De Queen, De Valls Bluff, Decatur, Deer, Delaplaine, Delaware, Delight, Dell, Dennard, Dermott, Des Arc, Desha, DeWitt, Diamond City, Diamond Lakes, Diaz, Dierks, Doddridge, Dolph, Donaldson, Dover, Drasco, Driver, Dumas, Dyer, Dyess, Earle, East Camden, Edgemont, Edmondson, Egypt, El Dorado, El Paso, Elaine, Elizabeth, Elkins, Elm Springs, Emerson, Emmet, England, Enola, Ethel, Etowah, Eudora, Eureka Springs, Evansville, Evening Shade, Everton, Fairbanks, Fairfield Bay, Farmington, Fayetteville, Ferndale, Fifty Six Fisher, Flippen Floral, Fordyce, Foreman, Forrest City, Fort Smith, Fouke, Fountain Hill, Fox, Franklin, Frenchmans Bayou, Friendship, Fulton, Gamaliel, Garfield, Garland City, Garner, Gassville, Gateway, Genoa, Gentry, Gepp, Gilbert, Gillett, Gillham, Gilmore, Glencoe, Glenwood, Goodwin, Goshen, Gosnell, Gould, Grady, Grannis, Grapevine, Gravel Ridge, Gravelly, Gravette, Green Forest, Greenbrier, Greenway, Greenwood, Greers Ferry, Gregory, Griffithville, Grubbs, Guion, Gurdon Guy, Hackett, Hagarville, Hamburg, Hampton, Hardy, Harrell, Harriet, Harrisburg, Harrison, Hartford, Hartman, Harvey, Haskell, Hasty, Hatfield, Hattieville, Hatton, Havana, Haynes, Hazen, Heber Springs, Hector, Helena, Henderson, Hensley, Hermitage, Heth, Hickory, HickoryPlains, Higden, Higginson, Hindsville, Hiwasse, Holly Grove, Hope, Horatio, Hot Springs, Hot Springs Village, Houston, Howell, Hoxie Hughes, Humnoke, Humphrey, Hunt, Hunter, Huntington, Huntsville, Huttig, Ida, Imboden, Ingalls, Ivan, Jacksonport, Jacksonville, Jasper, Jefferson, Jennie, Jerome, Jersey, Jerusalem, Jessieville, Johnson, Joiner, Jones Mills, Jonesboro, Jordan, Judsonia, Junction City, Keiser, Kensett, Keo, Kingsland, Kingston, Kirby, Knobel, Knoxville, La Grange, Lafe Lake Catherine, Lake City, Lake Hamilton, Lake Village, Lakeview, Lamar, Lambrook, Laneburg, Langley, Lavaca, Lawson, Leachville, Lead Hill, Leola, Lepanto, Leslie, Letona, Lewisville, Lexa, Light, Lincoln, Little Rock, Little Rock AFB, Lockesburg, Locust Grove, London, Lonoke, Lonsdale, Louann, Lowell, Luxora, Lynn, Mabelvale, Madison, Magazine, Magness, Magnolia, Malvern, Mammoth Spring, Manila, Mansfield, Marble Falls, Marcella, Marianna, Marion, Marked Tree, Marmaduke, Marshall, Marvell, Maumelle, Mayflower, Maynard, Maysville, Mc Caskill, Mc Dougal, Mc Neil, McCrory, McGehee, McRae, Melbourne, Mellwood, Mena, Menifee, Mid America, Midland, Midway, Mineral Springs, Minturn, Moko, Monette, Monroe, Monticello, Montrose, Moro, Morrilton, Morrow, Moscow, Mount Holly, Mount Ida, Mount Judea, Mount Pleasant, Mount Vernon, Mountain Home, Mountain Pine, Mountain View, Mountainburg, Mulberry, Murfreesboro, Nashville, Natural Dam, New Blaine, New Edinburg, Newark Newhope, Newnata, Newport, Norfork, Norman, Norphlet, North, North Little Rock, O’Kean, Oak Grove, Oakland, Oark, Oden, Ogden, Oil Trough, Okolona, Ola, Omaha, Oneida, Onia, Osceola, Oxford, Ozan, Ozark, Ozone, Palestine, Pangburn, Paragould, Paris, Parkdale, Parkin Parks, Paron, Parthenon, Patterson, Payneway, Pea Ridge, Peach Orchard, Pearcy Peel, Pelsor, Pencil Bluff, Perry, Perryville, Pettigrew, Pickens, Piggott, Pindall, Pine Bluff, Pine Ridge, Pineville, Plains, Plainview, Pleasant, Pleasant Grove, Plumerville, Pocahontas, Pollard, Ponca, Poplar Grove, Portia, Portland, Pottsville, Poughkeepsie, Powhatan, Poyen, Prairie Grove, Prattsville, Prescott, Prim, Proctor, Pyatt, Quitman, Ratcliff, Ravenden, Ravenden Springs, Rector, Redfield, Reydell, Reyno, Ridge, Rison, Rivervale, Roe, Rogers, Rohwer, Roland, Romance, Rose Bud, Rosie, Rosston, Rover, Royal, Rudy, Russell, Russellville, Saffell, Sage, Saint Charles, Saint Francis, Saint Joe, Saint Paul, Salado, Salem, Saratoga, Scotland, Scott, Scranton, Searcy, Sedgwick, Shannon Hills, Sheridan, Sherrill, Sherwood, Shirley, Sidney, Siloam Springs, Sims, Smackover, Smithville, Snow Lake, Solgohachia, Southshore, Sparkman, Springdale, Springfield, Springs, Springtown, Stamps, Star City, Stephens, Steprock, Story, Strawberry, Strong, Sturkie, Stuttgart, Subiaco, Success, Sulphur, Sulphur Rock, Summers, Summit, Sweet Home, Swifton, Tamo, Taylor, Texarkana, The Highlands, Thida, Thornton, Tichnor, Tillar, Tilly, Timbo, Tinsman, Tomato, Tontitown, Traskwood, Trumann, Tucker, Tuckerman, Tumbling Shoals, Tupelo, Turner, Turrell, Twist, Tyronza, Ulm, Umpire, Uniontown, Urbana, Valley Springs, Van Buren, Vandervoort, Vanndale, Vendor Village, Vilonia, Viola, Violet Hill, Wabash, Wabbaseka, Walcott, Waldenburg, Waldo, Waldron, Walnut Ridge, Ward, Warm Springs, Warren, Washington, Watson, Waveland, Weiner, Wesley, West Fork, West Helena, West Memphis, West Point, West Ridge, Western Grove, Wheatley, Whelen Springs, White Hall, White River, Wickes, Wideman, Widener, Wilburn, Williford, Willisville, Wilmar, Wilmot, Wilson, Wilton, Winchester, Winslow, Winthrop, Wiseman, Witter, Witts Springs, Woodson, Wooster, Wright, Wrightsville, Wynne, Yellville, Yorktown, and Zion.}