When looking for post-settlement funding, attorneys have lots of choice. However, not all funding institutions are created equal. Here are just a few reasons we stick out from the pack:
Lawyer Founded and Run
RapidFunds® was co-founded in 2004 by attorney Peter J. Speziale, as a solution to the cash flow problems contingent fee attorneys face. Many of our staff today are attorneys who worked as litigators and understand first hand the capital it takes to run a law firm. We understand what you are going through because we’ve been there!
Experience
RapidFunds has been in business for almost 20 years and has funded over 4,000 transactions. We have seen our fair share of unique cases and have helped attorneys in all kinds of situations over the years. Funders without this experience may not be able to adapt to unique needs of a case such as existing loans, co-counsel, and more.
Speed
We understand more than anyone that lawyers are entrepreneurs, and sometimes need cash fast. From payroll to everyday bills to taking on a new case, we can help you fill the gap fast. Many attorneys we work with receive funding the same day they apply. No complicated applications, no long back and forth before you are approved. 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.
We Can Write a Big Check
Some settlement funders have strict limits and aren’t able to cover large settlements. We have funded over $336 million over the years and we aren’t afraid to write a big check. 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 regularly fund cases over $1M and can fund tens of millions or more in one transaction.
Easy Process
Due diligence, sign agreement, receive funds, that’s it! Once you submit an application to us with basic information about your case, we will verify that information through our own due diligence. Once complete, we will provide our agreement between you and Rapidfunds. Once signed, we wire money directly to your account, often the same day you apply.
Convert Your Case into Cash with Post Settlement Funding from RapidFunds
Post-settlement funding was created to help plaintiffs’ attorneys who find themselves in need of cash while awaiting receipt of pending contingent fees. Access to funds can help you cover cashflow issues while you are waiting for your fees. Post settlement funding has been and continues to be one of the strongest tools in an attorney’s toolbox.
For more insights on legal trends and more, subscribe to RapidFunds on LinkedIn. RapidFunds has been providing post settlement funding for almost 20 years. We’ve completed over 4,000 transactions and have helped thousands of firms with funding. Stop waiting for your legal fees and contact RapidFunds today.