Attorneys who work solely on a contingency basis face unique challenges that other lawyers don’t have to worry about. For example, most defense attorneys are paid directly by the company or individual they are representing. So they don’t have to worry as much about cash flow issues, since they are paid hourly as they perform their job.
Plaintiff attorneys, on the other hand, often have to wait months or sometimes years before they receive their hard earned fees. This lag can create a major cash flow challenge, as the firm needs money to continue to operate. In addition, having to wait such long periods of time to receive payment on settled cases makes it extremely difficult to grow and expand.
Traditional lending products, such as bank loans, are often inadequate sources of funding for plaintiff attorneys, as banks don’t take into account the value of your caseload. This is where lawsuit settlement funding can help.
RD Legal Funding understands that your firm’s most valuable asset is your caseload. We have been providing lawsuit settlement funding to plaintiff attorneys for over 14 years. Let us help you convert your settled legal fees into immediate cash with our proprietary Fee Acceleration Program. Benefits include:
* Access to instant cash-we purchase fees from $20,000 to $20 million
* No monthly interest payments, points, upfront, or hidden fees
* Use your cash however you’d like-there are no restrictions
* We assume the risk of the defendant’s non-payment!
If you’d like to take advantage of lawsuit settlement funding, please visit our Fee Acceleration page and fill out the brief application. We’ll help you through every step of the process and ensure that you get the maximum amount of money for your settled legal fees.
Written by David Smethie, Deal Origination Manager at RD Legal Funding, LLC