As if it weren’t tough enough nowadays to settle lawsuits with insurance companies, now they are using the pretense that there may be a Medicare lien to delay paying you your settlement. Insurance companies are using several delaying tactics which leave plaintiffs’ attorneys and their clients in limbo waiting for settlement checks for as long […]
Personal injury attorneys often struggle with managing their cash flow because of the burden of paying litigation costs upfront while waiting for settlement checks to come in. Most plaintiffs’ attorneys feel like the fees they earn when they settle a case go to covering costs for their clients on the next case and there is […]
Plaintiff attorneys who rely on settlement checks in order to pay their bills face a big problem at the end of the year. Property and Casualty insurance companies generally close their books on December 15th, which means that whatever is not settled by then gets paid in the following year. That leaves many law firms short […]
RapidFunds® is pleased to announce that it has acquired the attorney funding business of American Asset Finance, LLC. In addition, Sherry L. Foley Esq., formerly CEO and General Counsel of American Asset has joined our firm as Director of Business Development. Sherry brings 20 years of experience in the legal funding business, and consistent with […]
Many post-settlement funding companies only provide funding against large cases with big settlement amounts. That approach leaves a lot of small law firms with no opportunity to get cash to run their business. Fortunately, not all funding companies reject law firms with small cases. That’s why attorneys need to carefully research their financing options and look for companies who will work with them to find a funding solution.
Contingent fee law firms often seek financing because of their irregular cash flow. They may wait long periods of time to receive settlement funds; meanwhile there are bills that need to be paid. Two funding options that these firms use are credit lines and post-settlement funding. Each has its advantages and disadvantages so before seeking […]
