Our Executive Team

Get your fees today and unlock the value of your assets.

Former litigators that understand your challenges. RapidFunds® wants to help your business succeed.

RapidFunds® was co-founded in 2004 by attorney Peter J. Speziale, Esq., as a solution to the cash flow problems contingent fee attorneys face because of frequent delays in receiving settlement proceeds. 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.

Our ExecutiveTeam

peter-speziale

PETER J. SPEZIALE

PRESIDENT AND CEO

DIRECT TEL: 914-552-4261

SUSAN BAUER BROFMAN

EXECUTIVE VICE PRESIDENT

DR. EDWARD M. COHEN

DIRECTOR

ADAM S. BRZOSTOVSKI

DIRECTOR

Our Difference

As former litigators, we understand your challenges and want to help your business succeed.

Attorney owned and operated. We have walked in your shoes. Our executives and staff are, in part, attorneys who worked as litigators and handled contingent fee cases in most areas of tort law. In fact, at RapidFunds®, all of the key people you will interact with are significantly experienced attorneys. As sole practitioners and as members of big and small law firms, our team maintained independent practices, funded litigations, made payrolls, and, like many of you, waited inordinate periods of time to collect legal fees.

Personal service. We pride ourselves in building close relationships with our clients. The attorneys we work with are like family and we understand their business needs. That means once you become a client, we can provide fast turnaround (often in the 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 payer (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 don’t take an application and agree to fund and then look for the money. Rather, we have direct and immediate access to funds. We are also more than just underwriters—we are lawyers who understand how your business works so we can quickly evaluate your cases and come to a fast decision without wasting your time.

We handle firms of all types and sizes. Our clients range from firms that specialize in class actions and settle a few large fee cases per year to lawyers who handle low severity but high volume matters that settle each month.

Our Partners

With membership of approximately 4,600 trial lawyers, New York State Trial Lawyers (NYSTLA) is a leading state trial lawyer association in the United States. Their mission is “to promote a safer and healthier society, to assure access to the civil justice system by those who are wrongfully injured and to advance representation of the public by ethical, well-trained lawyers.”

NYSTLA was created in 1953 by 20 trial lawyers, who were concerned that New York had no forum for plaintiffs’ lawyers. They joined together to form the New York Association of Plaintiff’s Trial Lawyers, which later changed into New York State Trial Lawyers Association.

NYSTLA works with coalition partners on numerous issues to protect the rights of consumers: health advocates, tenants’ groups, senior citizens groups, anti-gun violence groups, and many other public interest organizations. NYSTLA’s business is to assure that the wrongfully injured will have full access to the civil justice system. The organization is thus dedicated to the preservation of the federal and state constitution rights to trial by jury.

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