Nationwide Coverage
Evaluated on your inventory, with your state’s rules in view.
The rules governing third-party funding of legal work vary by state. Some jurisdictions have no champerty or maintenance restrictions; others retain doctrines that require careful structuring. In every state, Criterica Capital helps structure portfolio finance as a return on capital deployed against a defined case inventory, not as an interest in any individual cause of action, and coordinates with local counsel to comply with the applicable professional-responsibility rules.
What does not vary is our evaluation. Across all 51 jurisdictions, we score portfolios against outcome models trained on legal data, so the evaluation reflects the observed economics of the inventory rather than relationships or geography.
50 + DC
Jurisdictions with reference pages
Revolving
to purchase structures
Local counsel
in every structure
State rules for portfolio finance
Each state: its commercial funding posture, whether it has a consumer legal funding statute and where it is codified, and what that means for financing a case inventory. Each state name opens the full state page.
| State | Funding posture | Consumer legal funding statute | In brief |
|---|---|---|---|
| Alabama | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Alabama firms with case inventories large enough to underwrite at the portfolio level. |
| Alaska | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Alaska contingency practices whose docket spans multiple matters and practice areas. |
| Arizona | Permitted | A.R.S. §§ 12-3451 to 12-3456 (Title 12, Ch. 28) | Arizona is a receptive jurisdiction for portfolio-level litigation finance, and the state's modernized legal-services regulation supports non-traditional capital structures for firms and their inventories. |
| Arkansas | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Arkansas firms with a defined book of active matters. |
| California | Permitted — well established | Cal. Bus. & Prof. Code §§ 6250–6256 | California is the largest and most active market in the country for portfolio-level litigation finance. |
| Colorado | Permitted | Colo. Rev. Stat. §§ 5-9.6-101 et seq. | Colorado is a receptive jurisdiction for portfolio-level litigation finance. |
| Connecticut | Permitted | Conn. Gen. Stat. §§ 36a-555 to 36a-573 | Portfolio finance requests can be prepared for Connecticut firms with a defined book of active matters. |
| Delaware | Permitted — well established | No dedicated statute; common law applies | Delaware is a central jurisdiction for corporate and commercial litigation, home to the Court of Chancery and the legal home of most major U.S. |
| Florida | Permitted | No dedicated statute; common law applies | Florida is one of the most active markets in the country for portfolio-level litigation finance. |
| Georgia | Permitted | O.C.G.A. Title 7, Ch. 10, §§ 7-10-1 et seq. | Portfolio finance requests can be prepared for Georgia firms with a defined book of active matters. |
| Hawaii | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Hawaii contingency practices with a defined book of active matters. |
| Idaho | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Idaho firms building out a broader case inventory. |
| Illinois | Permitted | 815 ILCS 121/1 et seq. | Illinois is a major market for portfolio-level litigation finance. |
| Indiana | Permitted with structuring | Ind. Code Title 24, Art. 12, Ch. 1–4.5 (esp. § 24-12-4.5-2) | Portfolio finance requests can be prepared for Indiana firms with a defined book of active matters. |
| Iowa | Permitted | Iowa Code Ch. 537C | Portfolio finance requests can be prepared for Iowa firms with a defined book of active matters. |
| Kansas | Permitted | HB 2518 (2026 session) — K.S.A. citation not yet finalized in the statute book | Portfolio finance requests can be prepared for Kansas firms with a defined book of active matters. |
| Kentucky | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Kentucky firms with a defined book of active matters. |
| Louisiana | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Louisiana firms with a defined book of active matters. |
| Maine | Permitted | 9-A M.R.S. Art. 12, §§ 12-101–12-107 | Portfolio finance requests can be prepared for Maine contingency practices with a defined book of active matters. |
| Maryland | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Maryland firms with a defined book of active matters. |
| Massachusetts | Permitted — well established | No dedicated statute; common law applies | Massachusetts is a receptive jurisdiction for portfolio-level litigation finance, with case law recognizing the permissibility of properly structured funding. |
| Michigan | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Michigan firms with a defined book of active matters. |
| Minnesota | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Minnesota firms with a defined book of active matters. |
| Mississippi | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Mississippi firms with a defined book of active matters. |
| Missouri | Permitted | Mo. Rev. Stat. §§ 436.550–436.572 | Portfolio finance requests can be prepared for Missouri firms with a defined book of active matters. |
| Montana | Permitted | Mont. Code Ann. Title 31, Ch. 4, Part 1 (§ 31-4-104) | Portfolio finance requests can be prepared for Montana contingency practices with a defined book of active matters. |
| Nebraska | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for Nebraska firms with a defined book of active matters. |
| Nevada | Permitted | Nev. Rev. Stat. Ch. 604C | Portfolio finance requests can be prepared for Nevada firms with a defined book of active matters. |
| New Hampshire | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for New Hampshire contingency practices with a defined book of active matters. |
| New Jersey | Permitted | No dedicated statute; common law applies | New Jersey is a major market for portfolio-level litigation finance, particularly for mass tort. |
| New Mexico | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for New Mexico firms with a defined book of active matters. |
| New York | Permitted — well established | N.Y. Gen. Bus. Law §§ 899-ccc–899-mmm | New York is the nation's premier market for portfolio-level litigation finance, with a deep body of practice and a statutory safe harbor for larger funding transactions. |
| North Carolina | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for North Carolina firms with a defined book of active matters. |
| North Dakota | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for North Dakota contingency practices with a defined book of active matters. |
| Ohio | Permitted with structuring | Ohio Rev. Code § 1349.55 (current, through 10/5/2026); Ohio Rev. Code §§ 1357.01–1357.10 (effective 10/6/2026) | Portfolio finance requests can be prepared for Ohio firms with a defined book of active matters. |
| Oklahoma | Permitted | Okla. Stat. tit. 14A, §§ 3-801–3-817 | Portfolio finance requests can be prepared for Oklahoma firms with a defined book of active matters. |
| Oregon | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Oregon firms with a defined book of active matters. |
| Pennsylvania | Permitted | No dedicated statute; common law applies | Pennsylvania is a major market for portfolio-level litigation finance. |
| Rhode Island | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Rhode Island contingency practices with a defined book of active matters. |
| South Carolina | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for South Carolina firms with a defined book of active matters. |
| South Dakota | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for South Dakota contingency practices with a defined book of active matters. |
| Tennessee | Permitted | Tenn. Code Ann. §§ 47-16-101–110 | Portfolio finance requests can be prepared for Tennessee firms with a defined book of active matters. |
| Texas | Permitted — well established | No dedicated statute; common law applies | Texas is one of the largest and most active markets in the country for portfolio-level litigation finance, and portfolio funding is well established. |
| Utah | Permitted | Utah Code Ann. §§ 13-57-101 et seq. | Utah is a forward-looking jurisdiction for legal-services innovation, and portfolio-level litigation finance requests can be prepared for Utah firms. |
| Vermont | Permitted | 8 V.S.A. §§ 2251–2260 | Portfolio finance requests can be prepared for Vermont contingency practices with a defined book of active matters. |
| Virginia | Permitted with structuring | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Virginia firms with a defined book of active matters. |
| Washington | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Washington firms with a defined book of active matters. |
| Washington, DC | Permitted — well established | No dedicated statute; common law applies | The District of Columbia is a sophisticated jurisdiction for portfolio-level litigation finance, with a concentration of high-stakes federal and regulatory litigation. |
| West Virginia | Permitted with structuring | See the state page | Portfolio finance requests can be prepared for West Virginia firms with a defined book of active matters. |
| Wisconsin | Permitted with structuring | Wis. Stat. § 804.01(2)(bg) | Portfolio finance requests can be prepared for Wisconsin firms with a defined book of active matters. |
| Wyoming | Permitted | No dedicated statute; common law applies | Portfolio finance requests can be prepared for Wyoming contingency practices with a defined book of active matters. |
Criterica Capital editorial · Last reviewed
By state: Law firm capital · Commercial litigation finance
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