During these tough economic times, it is especially difficult for lawyers working on a contingency basis to operate a profitable law firm. Therefore, it is of paramount importance for these attorneys to learn how to efficiently manage their cash flow.
Banks and traditional sources of lending are a great place to start. But for many contingency based law firms, bank loans do not provide an adequate amount of legal funding for basic expenses and growth.
This is where litigation funding can provide extra financial resources and help smooth out your cash flow. Banks do not take into account the value of your settled cases. At RD Legal Funding, we recognize that as a plaintiff attorney, your case load is your most valuable asset. The financial products that RD Legal has to offer can provide a substantial advantage when building your firm.
Our proprietary fee acceleration program was designed with the plaintiff attorney in mind. Even though a case is settled, it oftentimes takes months or even years before you actually receive your legal fee. With our fee acceleration program, we purchase your unpaid legal receivable, providing you with an immediate stream of revenue to help grow your firm.
RD Legal Funding has been in business for over 14 years. We have the financial resources to fund almost any fee amount: anywhere from $20,000 to $20,000,000. We are well positioned to provide the full financing your firm requires.
At RD Legal Funding, we make it a point to provide full transparency in our financial products. There are no registration fees, processing fees, hidden fees, or any fine print. We make everything clear and upfront, as we have nothing to hide. Furthermore, there are no monthly payments, and we assume the risk of the defendant’s non-payment.
If you would like to find out more about our fee acceleration program, please fill out our brief online application on this page. Once we receive all the required information, we will wire your funds within a few short days. If you have any questions, one of our litigation funding specialists will be more than happy to assist you.
Written by David Smethie, Deal Origination Manager at RD Legal Funding, LLC