Nova Legal Funding

What Nova Legal Funding does

Nova Legal Funding LLC (dba FundMyLawsuitNow.com, also operating as Wellworth Lawsuit Funding) is a privately held, bootstrapped consumer legal funding company founded in 2015 by Ron Sinai and headquartered in Los Angeles, California. The company provides non-recourse pre-settlement cash advances to plaintiffs with pending personal injury and civil litigation matters, structured so that repayment is contingent on the case settling or prevailing at trial. It also offers post-settlement loans to plaintiffs who have an offer in hand but have not yet been paid. Underwriting requires attorney cooperation for case documentation and lien acknowledgment, and approved advances are funded within 24 hours of approval with no credit checks, no application or processing fees, and a fixed fee every six months capped at 24-36 months. Average monthly rate is approximately 4%, and most plaintiffs receive 10-20% of expected settlement value, with spinal cord injury cases funding up to $500,000.

The platform is organized around case-type verticals (car accidents, premises liability, medical malpractice, wrongful death, defective medical devices, defective pharmaceuticals, labor and employment law including whistleblower/Qui Tam, athlete concussion matters, and product liability), each with dedicated SEO-driven landing pages. Distribution is direct-to-consumer through a 24/7 phone line (800-760-0704) and a sub-2-minute online application, supplemented by attorney referral and an extensive educational content library. Coverage spans 38 U.S. states; cases in Arizona, Arkansas, Colorado, Illinois, Indiana, Maryland, Minnesota, Nevada, South Carolina, Tennessee, and West Virginia are not funded due to state-level regulation of consumer legal funding.

The business model is a transaction-fee structure on advances: revenue is earned on the spread between disbursed principal and fees ultimately recovered from successful cases, against the non-recourse risk of zero recovery on cases that lose. The company has cumulatively advanced over $70 million to plaintiffs since 2015, operates with a 1-10 person team on internally generated cash flow with no disclosed external funding, and reports a 4.7/5 average rating across more than 600 reviews plus a #9 ranking (score 63) in Express Legal Funding's 2025 Top 10 Legal Funding Companies list.

Name

Nova Legal Funding

Legal name

Nova Legal Funding LLC

Website

https://fundmylawsuitnow.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Nova Legal Funding is a Los Angeles-based, bootstrapped consumer legal funding company that provides non-recourse pre-settlement and post-settlement cash advances to personal injury and civil litigation plaintiffs across 38 U.S. states, with no credit checks and funding within 24 hours of approval.

Ownership category

akta.pro rank

Product category

Pre-Settlement Legal Funding

NAICS

Other Insurance Funds (525190)

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 funding
• Lawsuit cash advances
• Personal injury funding
• Non-recourse funding
• Legal financing

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Pre-Settlement Funding Advances: Nova Legal Funding provides non-recourse cash advances to plaintiffs with pending legal claims. Fees are charged based on case strength and time elapsed, with fixed fees every six months capped between 24-36 months. Repayment is contingent on case success - clients only repay if they recover compensation through settlement or verdict.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Nova Legal Funding provides non-recourse pre-settlement cash advances to plaintiffs with pending legal claims awaiting settlement or verdict. The company advances funds against expected settlement values across multiple case categories including personal injury, auto accidents, medical device and pharmaceutical lawsuits, labor law, and employment law claims, with repayment contingent on case success.

Product overview

Nova Legal Funding operates as a single unified product offering non-recourse pre-settlement cash advances to plaintiffs with pending legal claims. The core service is pre-settlement lawsuit funding, with additional post-settlement loan capabilities. The company funds plaintiffs across multiple case categories including personal injury, auto accidents, medical device lawsuits, pharmaceutical drug lawsuits, labor law, employment law, athlete concussion cases, and product liability claims. Funding is provided against expected settlement values with repayment contingent on case success.

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Settlement Lawsuit Funding

Quantifiable outcome

• Funding approval within 24 hours of application
• +2 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 indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LawCash: LawCash provides pre-settlement and post-settlement funding to plaintiffs in personal injury, medical malpractice, and civil cases nationwide. Directly comparable to Nova in product, target customer, and non-recourse structure.
• High Rise Financial: High Rise Financial provides non-recourse pre-settlement funding to personal injury plaintiffs with similar pricing structures and a comparable digital, direct-to-consumer acquisition model. Directly comparable service offering and customer base.
• Oasis Financial: Oasis Financial is one of the largest U.S. consumer pre-settlement funding companies, offering non-recourse cash advances to personal injury and other plaintiffs across multiple states. It is a direct competitor to Nova in the same product category, target customer, and delivery model.
• TriMark Legal Funding: TriMark Legal Funding offers pre-settlement lawsuit loans across a similar case-type footprint (auto accidents, slip and fall, medical malpractice) using the same non-recourse model as Nova. Direct competitor for plaintiff customers.
• Everglades Funding: Everglades Funding offers pre-settlement cash advances primarily in personal injury and mass tort cases, directly competing with Nova in the same case categories, funding structure, and customer segment.
• Pre-Settlement Funding (PSF): Pre-Settlement Funding provides non-recourse lawsuit advances to plaintiffs in personal injury, product liability, and medical malpractice cases, overlapping Nova's core verticals and customer profile.
• Express Legal Funding: Express Legal Funding is a pre-settlement funding company publishing the industry Top-10 ranking in which Nova placed; it competes head-to-head with Nova for the same plaintiff customers and same case types.

Broad incumbents

• Burford Capital: Burford Capital is the largest publicly-traded institutional litigation finance provider, focused on commercial litigation and arbitration rather than consumer pre-settlement funding. It operates in the same litigation finance asset class as Nova but at a vastly different scale and customer segment.
• JGW+ (formerly JG Wentworth): JGW+ is a large, established consumer of structured settlement and post-settlement payment streams, with a broader portfolio of consumer financial products. It is a broader incumbent that overlaps with Nova's structured-settlement-adjacent customer base.

Emerging players

• Fair Rate Funding: Fair Rate Funding is a smaller consumer pre-settlement funding company competing in similar personal injury verticals, positioned as a lower-rate challenger. Comparable in product and customer but at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nova-legal-funding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Nova Legal Funding