The verdicts with the biggest payouts in 2012 comprised some of the largest patent cases in United States history, cases of medical malpractice, and some very big companies acting badly. The top 3 verdicts involved patent infringement with verdict amounts of $1.7 billion, $1.05 billion, and $1 billion. Two of the top ten verdicts involved nursing home abuse and neglect.
Reaching a settlement or verdict does not always equate to getting paid your legal fee or award. For plaintiff’s attorneys working on a contingent fee basis, there is often a delay in payment of legal fees associated with settled cases. This can create serious cash flow problems. Fortunately, there are specialty legal finance companies that offer post-settlement funding, also known as fee acceleration.
RD Legal Funding is one such company that has been a leading provider of post-settlement advances for well over a decade. They purchase unpaid legal fees from settled cases. Unlike personal loans and bank financing, there are no monthly interest or principal payments, nor are there any upfront fees or points. There are no restrictions on how the money can be spent, and RD Legal has robust financial resources to finance fees between $20,000 and $20+ million.
If you are an attorney facing cash flow issues due to slow-paying legal fees or a plaintiff waiting for your award, give RD Legal a call at 1-800-565-5177, or visit legalfunding.com and fill out the brief online application. RD Legal only funds settled cases and does not take any pre-settlement risk. Attorney post-settlement funding is their specialty.
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