High Rise pre-settlement funding is a cash advance that Los Angeles-based High Rise Financial gives to plaintiffs in personal injury and other civil lawsuits, repaid only if the case produces a settlement or verdict. The company has been operating since 2016, works in at least 35 states, and says it has completed more than 50,000 funding agreements.1LA Business Journal. High Rise Raises $100 Million
How the Advance Works
The product is structured as a non-recourse purchase of a piece of your future recovery, not a loan. If your case fails, you owe nothing.2High Rise Legal Funding. Home Page Because repayment depends entirely on the case outcome, High Rise does not run credit checks, verify employment, or review your personal finances. Approval turns on the strength of the legal claim.3High Rise Legal Funding. How Long Does It Take to Process an Application for Legal Funding
Rather than charging interest in the traditional sense, High Rise says it charges a one-time flat fee that is fixed when you sign and does not grow over time.4High Rise Legal Funding. Lawsuit Funding Costs and Fees You make no monthly payments. When the lawsuit resolves, your attorney pays the advance plus the fee directly to High Rise out of the settlement proceeds.5High Rise Legal Funding. Is There a Time Limit to Repay Interest on Pre-Settlement Funding The company says it charges no application or origination fees.6High Rise Legal Funding. What Are Fees Associated With Lawsuit Loans
How Much You Can Get and What Qualifies
Advances run from $500 to $250,000. In practice, individual funding typically lands between 10% and 20% of the expected settlement value, with the exact figure depending on case type, injury severity, likely damages, and how long resolution is expected to take.5High Rise Legal Funding. Is There a Time Limit to Repay Interest on Pre-Settlement Funding4High Rise Legal Funding. Lawsuit Funding Costs and Fees
You need an active civil claim and an attorney representing you.7High Rise Legal Funding. What Happens After I Submit My Legal Funding Application The case types High Rise funds include:
- Personal injury of most kinds: car, truck, motorcycle, bus, bicycle, and pedestrian accidents, slip-and-falls, construction accidents, dog bites, burn injuries, spinal cord injuries, medical malpractice, nursing home negligence, and wrongful death.
- Employment and labor matters, including wrongful termination, workplace injuries, and FELA and Jones Act claims.
- Product liability, including Roundup, Zantac, hernia mesh, hip implants, and IVC filter litigation.
- Civil rights cases involving police misconduct, wrongful arrest, and wrongful conviction.
- Sexual assault and abuse claims, including Boy Scouts matters.
- Fire litigation tied to California and Maui wildfires.
How Fast the Money Arrives
You can apply online or by phone. High Rise does not collect records from you directly; a case manager contacts your attorney for police reports, medical records, insurance claim information, and a case summary.8High Rise Legal Funding. Documents Needed for Lawsuit Funding The underwriting looks at three things: whether another party is at fault, whether there is evidence of real harm, and the likelihood the case will succeed.
The company advertises approval decisions within about an hour and funds deposited 24 to 48 hours after approval.7High Rise Legal Funding. What Happens After I Submit My Legal Funding Application Some BBB complainants report longer waits in practice.
What It Costs and What You Can’t Learn Up Front
High Rise does not publish its fee schedule. The actual percentage or dollar amount is disclosed during the application process, after your attorney has submitted case documents.4High Rise Legal Funding. Lawsuit Funding Costs and Fees Opaque pricing is common across the pre-settlement funding industry, which academic researchers have described as historically short on public rate data.9NYU Law Review. The Mysterious Market for Post-Settlement Litigant Finance
Industry-wide, costs run well above conventional consumer credit. Figures attributed to Credit Karma put the average annual rate on settlement advances at about 44%, typically between 20% and 60%.10Annuity.org. Pre-Settlement Funding A study in the NYU Law Review found a median annual gross profit of 55% to 60% for pre-settlement funders, and in the NFL Concussion litigation the Consumer Financial Protection Bureau said repayment amounts worked out to annual interest rates as high as 250%.9NYU Law Review. The Mysterious Market for Post-Settlement Litigant Finance Those rates are possible largely because non-recourse advances are generally treated as the purchase of a future asset rather than a loan, which keeps them outside most state usury caps.11NYU Law Review. The Mysterious Market for Post-Settlement Litigant Finance
None of this tells you what High Rise specifically will charge in your case. It might be above or below the industry median. Without published rates, you can only find out by applying, and the practical response is to compare the final offer against at least one competing quote before signing.
Reviews and Complaints
High Rise carries generally strong ratings. As of mid-2025 it held a 4.7 out of 5.0 on Google across nearly 1,000 reviews, a 4.1 on Yelp, and an A+ with Better Business Bureau accreditation.12Compare Lawsuit Loans. High Rise Financial Positive reviews consistently point to fast funding and attentive communication.
The complaint record is smaller but worth reading. As of mid-2026 the BBB listed 11 complaints over the prior three years, six of them in the most recent 12 months.13Better Business Bureau. High Rise Financial LLC Complaints Recurring themes: trouble reaching case managers, funding delays beyond the advertised 24-to-48-hour window, failed electronic transfers, and disputes over interest charges and approved amounts. One complainant alleged a denial on discriminatory grounds; the company responded that the decision reflected internal funding criteria and denied discrimination.
State Rules That Affect Your Deal
There is no federal law governing consumer legal funding, so your protections depend on where you live. High Rise’s own overview flags Colorado, Maryland, and North Carolina as states with regulatory challenges for funders, and Arkansas and West Virginia as states where the practice has been effectively blocked.14High Rise Legal Funding. State Laws on Lawsuit Funding Several large states have recently moved to tighten rules.
New York
Governor Kathy Hochul signed the Consumer Litigation Funding Act in December 2025, with an effective date of June 17, 2026. The law caps total charges at 25% of the plaintiff’s gross recovery. Funders must register with the Department of State, post a bond, and pass a character and fitness review. Contracts have to use plain language and include mandatory disclosures, and consumers get 10 business days to cancel without penalty. Funders cannot pay referral fees to attorneys or medical providers and cannot interfere with litigation strategy or settlement decisions. Willful violations forfeit the funded amount and all fees, with civil penalties up to $5,000 per violation.15New York State Senate. S1104A – Consumer Litigation Funding Act16Sterling Risk. New York Enacts Litigation Funding Reform With Implications for Policyholders
California
California enacted AB 931 in October 2025. The law treats consumer legal funding as the purchase of a contingent right to part of the plaintiff’s recovery, requires written contracts that state the amount owed at completion and itemize one-time charges, and requires translation into the consumer’s primary language when negotiations happen in a language other than English. Referral fees to attorneys are prohibited. Charges are capped at amounts accruing through no more than 36 months from the funding date, and plaintiffs have five business days to cancel.17CalMatters Digital Democracy. AB 931 – State Bar Act: Consumer Legal Funding
Florida
Florida’s SB 1396, the Litigation Investment Safeguards and Transparency Act, cleared the Senate Judiciary Committee in January 2026 with a planned effective date of July 1, 2026.18The Florida Bar News. Litigation Financing Regulation Heads to Senate Rules Committee If enacted, it would require disclosure of financing arrangements involving foreign persons or sovereign wealth funds, bar funders from directing litigation or recovering more than the plaintiffs collectively receive, and prohibit referral fees to attorneys and healthcare providers. Violating agreements would be void and enforceable under Florida’s Deceptive and Unfair Trade Practices Act, with civil penalties up to $10,000 per violation.19Florida Senate. SB 1396 Analysis The bill is still pending as of the committee report.
What Your Attorney Has To Do
Your lawyer is involved whether you want them to be, and bar ethics opinions set out why. Opinions from Maine and Missouri say attorneys must make sure that sharing case information with a funder does not waive attorney-client privilege, must advise you on whether the funding’s cost serves your interests, and must prevent the funder from controlling litigation strategy or settlement choices.20Maine Board of Overseers of the Bar. Opinion #19121Missouri Office of Legal Ethics Counsel. Litigation Loans Resources
Your attorney also has to lay out payment priority at the end of the case, meaning how the settlement will be split among the funding company, any medical lienholders, and attorney’s fees, so you understand what you will actually keep. The new New York and California laws now require your attorney to sign a written acknowledgment confirming they reviewed the funding disclosures with you and have no financial interest in the funder.15New York State Senate. S1104A – Consumer Litigation Funding Act
How It Compares to Other Funders
The pre-settlement funding market is crowded. Named competitors include Nova Legal Funding, Oasis Legal Finance, LawCash, Pravati Capital, Peachtree Financial Solutions, USClaims, and JG Wentworth.22ConsumerAffairs. Pre-Settlement Funding Funding sizes vary widely: Pravati Capital advances from $10,000 up to $10 million, while Peachtree offers $300 to $750,000. High Rise’s $500 to $250,000 range sits toward the smaller end for individual plaintiffs. On the consumer-review side, ConsumerAffairs reports a 4.8 out of 5.0 rating across more than 900 reviews, and the company markets itself on speed and 24-hour funding turnaround. One tradeoff: BBB accreditation only dates to October 2020, so the institutional track record is shorter than that of firms with 20-plus years in the market.