Are you waiting on legal fees? Convert your settled case into immediate cash! As attorneys, we know how frustrating it can be to put endless hours into a case, only to wait months for your legal fees. Post settlement funding was created to help plaintiffs’ attorneys who find themselves in need of cash between pending contingent fees.
Post settlement funding can be a very critical tool for plaintiffs’ law firms. Access to funds can help you cover your overhead and litigation expenses, maintain your competitive advantage, take on your next case, and more. Post settlement funding has been and continues to be one of the strongest tools in an attorney’s toolbox.
So what is involved in the funding process?
Step One: Due Diligence
When you seek funding through RapidFunds, we will collect some information about your case to verify your settled case. We will rely on the application you submit and our independent due diligence to determine if we can offer to buy a portion of your anticipated legal fee.
Our due diligence process is done in complete confidence. No one knows you completed a RapidFunds transaction other than you and us. We do not communicate with the defendant or their counsel. The due diligence process often takes as little as 24-48 hours.
Step Two: Sign Agreement
We will speak with you to discuss the application, and once all is in order, we will provide our Agreement between you and RapidFunds.
Step Three: Receive Funds
We wire money directly to your account, often the same day you apply, so the money is available to you immediately.
Post-Funding
After you receive funding, we are not paid until you are paid. No monthly payments. No application fees. No due diligence fees. No up-front fees. You can wait for legal fees on the case involved in your application, or, if another settlement comes in, you can pay us partially or completely at any time. There are no “pre-payment” penalties because this is not a loan.
Why RapidFunds?
Our post settlement funding team includes attorneys who worked as litigators and handled a wide variety of contingent fee cases. As sole practitioners and as members of big and small law firms, our team maintained independent practices, funded litigations, conducted trials, made payrolls, and, like many of you, waited long periods of time to collect contingent legal fees. We know exactly what you are going through while you wait to collect legal fees.
We handle everything in the post settlement funding process from intake through making a funding decision and providing the funds. We are NOT a broker or hedge fund. We do not take an application and agree to fund and then look for a source of funds. Rather, we have direct and immediate access to substantial committed capital sitting in our bank account. We are also more than just underwriters—we are lawyers who understand how your practice works so we can quickly evaluate your cases and come to a fast decision without depleting your time.
Contact us today to learn more about how we can work together. For more insights on legal trends and more, subscribe to RapidFunds on LinkedIn.