Running a law firm takes a lot of capital. Traditional lending institutions are generally not comfortable lending on contingent fee cases, and typically not to the extent necessary to resolve cash flow problems. Unlike these institutions, we fully understand the value of the assets contained in your inventory of cases.
RapidFunds provides post-settlement funding to contingency fee attorneys. We can often turn an application into cash in as little as 24-48 hours.
Post-Settlement Funding Fundamentals
Post-settlement funding can be a critical tool to help plaintiffs’ attorneys who find themselves in need of cash while awaiting receipt of pending contingent fees. Certain cases are prone to having many administrative steps that can delay payment, but the many bills associated with running a law firm do not stop in the meantime. That’s where RapidFunds comes in.
How Does the Process Work?
The process to obtain funding with RapidFunds is simple and straightforward. We’ve streamlined our process over the years and do not require long, complicated applications or extended wait times for approval.
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.
Still have questions? Visit our full FAQ here, or give us a call; we are always happy to walk you through the process.
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 cash flow 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.