High Rise Financial

What High Rise Financial does

High Rise Financial LLC is a US-based, privately held litigation finance company founded in 2016 in Los Angeles by twin brothers Mark and Michael Berookim. It provides non-recourse pre-settlement legal funding — cash advances against anticipated lawsuit settlements — to plaintiffs in personal injury, car accident, labor law, wrongful death, medical malpractice, defective drug and medical device, employment law, product liability, police brutality, wrongful arrest, sexual abuse, commercial, and class action matters. Funding ranges from $500 to $500,000 per case at rates of approximately 30% per year; repayment is owed only from settlement proceeds, and the plaintiff owes nothing if the case is lost. The company also offers post-settlement funding and a broker/referral program for law firms.

The business is operated as a vertically integrated direct-to-consumer lender. There is no proprietary technology platform or algorithmic underwriting disclosed; underwriting relies on case-merit evaluation by staff, with stated average approval within one hour and funding within 24 hours. Distribution is multi-channel: an SEO-driven website with hundreds of state- and case-type-specific landing pages, toll-free phone intake with Spanish-language support, dedicated inside sales and an Outside Sales Account Manager (Brooke Scheerer), and a law firm broker program. The company operates 8 offices across Los Angeles, Brooklyn, Orlando, Newark, Houston, Philadelphia, Atlanta, and Chicago, and serves 35 states as of late 2024, with Oklahoma, Tennessee, and Utah added in early 2026.

Revenue is generated through transaction-based interest and fees on non-recourse advances. Growth has been financed almost entirely through debt rather than equity: a $50 million senior debt facility from Bryant Park Capital in 2021/2022 and a $100 million senior secured credit facility from a network of bank lenders in September 2024. No PE/VC ownership or parent company is disclosed, and the company processes approximately 400 funding requests per week at its current scale. It is BBB A+ accredited, a member of ARC, CAALA, OCTLA, and CAOC, and was ranked eighth in a 2025 top-10 legal funding company list.

Name

High Rise Financial

Legal name

High Rise Financial LLC

Website

https://highriselegalfunding.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

High Rise Financial is a US private litigation finance company that provides non-recourse pre-settlement cash advances to plaintiffs in personal injury and other civil lawsuits. It serves consumers in 35 states through direct digital, phone, and law firm broker channels.

Ownership category

akta.pro rank

Product category

Litigation Finance

NAICS

Finance and Insurance (52)

SIC

Services-Legal Services (8111), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Litigation Finance / Legal Assets Special Situations Funds (FSANAKAK)

akta.pro secondary industry

Private Credit — Litigation / Legal Finance (FSAHAJAL)

Keywords

• Pre-settlement legal funding
• Litigation finance services
• Personal injury funding
• Non-recourse lawsuit funding
• Post-settlement funding

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others, Supply Chain

Revenue model

1. Pre-Settlement Legal Funding (Non-Recourse): High Rise Financial provides plaintiffs with cash advances against their anticipated settlement. The company recovers its capital plus an agreed interest rate only if the plaintiff wins or settles the case. If the case is lost, the plaintiff owes nothing. Funding amounts range from $500 to over $100,000 depending on case merit. The company also offers post-settlement funding. Approximately 30% per year is cited as a typical rate.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

High Rise Financial provides non-recourse pre-settlement legal funding, advancing cash ($500 to over $100,000) to plaintiffs with pending lawsuits in exchange for repayment from settlement proceeds only if the case is won or settled. The company also offers post-settlement funding, commercial lawsuit loans, class action funding, and law firm/medical lien funding, serving personal injury, car accident, labor law, fire, defective drug/device, employment, product liability, police brutality, and sexual abuse cases across approximately 35 U.S. states.

Product overview

High Rise Financial is a pre-settlement legal funding provider offering a portfolio of non-recourse funding products designed to give plaintiffs financial support while their lawsuits are pending. The core offering is Pre-Settlement Legal Funding, which provides cash advances based on anticipated settlement amounts with no repayment required if the case is lost. The product suite spans multiple case type verticals including Personal Injury Loans, Car Accident Loans (covering various sub-types like rideshare and truck accidents), Labor Law Loans (FELA, Jones Act), Fire Lawsuit Loans, Defective Drugs and Medical Devices Loans (covering drugs like Roundup and devices like hernia mesh), Employment Law Loans, Product Liability Loans, and specialized areas like Police Brutality and Sexual Abuse cases. The company also offers Commercial Lawsuit Loans for business litigation and Class Action Pre-Settlement Funding. As an add-on module, Post-Settlement Funding provides liquidity after settlement but before payment. Funding amounts range from $500 to $100,000, with approval typically within one hour and funding within 24 hours. The company operates in 35 states and serves clients throughout the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Settlement Legal Funding Non-recourse cash advances provided to plaintiffs with pending lawsuits, repayable only from settlement proceeds if the plaintiff wins or settles. Funding amounts range from $500 to over $100,000 based on case merit and anticipated settlement value, at rates of approximately 30% per year. No credit check, no employment verification, no monthly payments; average approval within one hour and funding within 24 hours.
• Post-Settlement Funding

Quantifiable outcome

• Average approval turnaround within one hour; funding within 24 hours of approval.
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Litigation Capital Management: Listed (LON:LIT) litigation finance company providing capital for commercial litigation and individual case funding. Comparable as a publicly-disclosed peer operating in the litigation finance asset class, though with a more international, commercial tilt.
• Burford Capital: Largest publicly-traded litigation finance company globally (NYSE:BUR), providing capital to commercial litigants and law firms. Broader incumbent in the same industry but skews toward commercial rather than consumer pre-settlement funding; useful for benchmarking the asset class.
• Omni Bridgeway: Major global litigation funder (ASX:OBL) formed from the merger of IMF Bentham and Omni Bridgeway, with a broad portfolio of single-case and portfolio funding. Comparable at the category level as a major player in legal finance, though primarily commercial rather than consumer plaintiffs.

Direct peers

• Global Financial Credit: Pre-settlement funding company offering non-recourse advances to plaintiffs in personal injury, employment, and product liability cases. Comparable mid-tier competitor with overlapping case types and similar direct-to-consumer and law firm referral distribution model.
• Oasis Financial: One of the largest US consumer pre-settlement funding companies, offering non-recourse cash advances to plaintiffs in personal injury and other civil cases across multiple states. Most directly comparable to High Rise Financial in product, customer segment (plaintiffs), and non-recourse structure.
• LawCash: US-based pre-settlement and post-settlement legal funding company serving personal injury plaintiffs with non-recourse advances. Directly comparable to High Rise in target customer (injured plaintiffs), funding structure (non-recourse), and case-type focus.
• Cherokee Funding: Pre-settlement funding company providing non-recourse advances to plaintiffs nationwide, with similar case-type coverage (personal injury, car accidents, medical malpractice). Comparable mid-tier competitor with similar GTM combining direct-to-consumer and law firm referrals.
• Boda Legal Funding: Pre-settlement legal funding company focused on personal injury plaintiffs with non-recourse advances. Smaller-scale direct competitor with overlapping case types and similar non-recourse consumer value proposition.
• Express Legal Funding: Texas-based pre-settlement funding company that publishes the industry ranking in which High Rise is listed. Direct competitor offering non-recourse advances to plaintiffs with overlapping geographic footprint in southern US states.
• Mayard Law Funding: Pre-settlement funding company serving plaintiffs in personal injury and related cases with non-recourse advances. Comparable smaller-scale direct competitor with similar product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/high-rise-financial

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about High Rise Financial