Pre-settlement funding is when a company like Legalist provides you with money now in exchange for a portion of your expected future settlement proceeds. Then, once your case is settled, the company receives the portion they purchased. Simply put, they're giving you money now in exchange for a payment after you settle.
If you have an ongoing court case you may need money to help cover legal fees and working expenses. Until you get the money you deserve, you need to find a way to pay for these bills on your own.
Pre-settlement funding helps pay for your expenses and other necessities while you wait for your case to settle. All pre-settlement funding is only repaid out of proceeds from winning the lawsuit.