20+
Years in Business
4,000+
Transactions
$336M+
Funded
Accelerate receipt of your legal fees on settled cases. Get your fees today.
RapidFunds® was co-founded in 2004 by attorney Peter J. Speziale, as a solution to the cash flow problems contingent fee attorneys face. 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.
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Our Difference
As former litigators, we understand your challenges and want to help your firm succeed.
Attorney Owned and Operated
Our executives and staff are, in part, attorneys who worked as litigators and handled a wide variety of contingent fee cases. All of the key people with whom you’ll interact with at RapidFunds® are experienced attorneys. 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.
Personal Service
We pride ourselves in building close relationships with our clients. The attorneys we work with become close colleagues and we quickly learn their firm’s needs. Once you become a client, we can provide fast turnaround (often same day) and make the funding process quick and easy.
Our Post-settlement Funding is Not a Loan
We acquire assets—in this case, an interest in your anticipated legal fee on a settled case. You act as our escrow agent and fiduciary and transfer the portion of your fee that we purchased when your fee is finally received. These transactions are non-recourse—so if the underlying payor (insurance company, private company or government agency, for example) fails to ultimately pay or becomes insolvent, you no longer have an obligation to us.
We Work With You Through The Entire Funding Process
We handle everything 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.
We Work With Contingency Fee Firms Of All Types And Sizes
Our clients are plaintiffs’ contingency fee law firms, from solo practitioner to 50-plus attorney firms, nationwide.
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