Post-Settlement Funding

Convert Your Case To Immediate Cash

RapidFunds has been a long-time provider of post-settlement funding to plaintiffs’ attorneys since 2004. RapidFunds watched as the industry grew from its off-beat nascent beginnings to one that has become mainstream. Litigation Funding colloquially known as legal funding is now one of the biggest topics of discussion in the legal world today.

Post-Settlement Funding differs from other kinds of legal finance in that it is a way for plaintiffs’ attorneys to access part of their legal fee from a settled case. Pre-Settlement funding, verdict funding, case cost finance, appeal funding, judgment funding, structured settlement funding, and litigation finance all help plaintiffs’ attorneys at different parts of the litigation lifeline. When an attorney decides to use post-settlement finance, they are waiting for payment from a settled case, so it is easier for the funder and the attorney to get a transaction done. Certain cases are prone to have administrative and other miscellaneous delays that can delay payment. Class actions and multi-district litigations (MDLs) are examples where legal fees on settled cases can be significantly delayed. While a settlement indicates a legal fee is expected to be paid, the next question becomes how long before payment is disbursed. Law firms need to be careful how many cases they are handling and how much money they can devote to each case. Personal injury, employment law, social security disability claims, veterans’ disability claims and product liability cases are just some of the kinds of cases plaintiffs’ attorneys are known to handle. Each of these kinds of cases have their own unique trends and each specific case can take on a unique lifeline. Once a plaintiff attorney accepts a case, there will be many associated expenses. Depositions, travel costs and documents are just some expenses associated with litigating a case.

A settled case allows lawyers to earn a contingent fee and reinvest all or part of that fee back into their practice. Post-settlement funding was created to help plaintiffs’ attorneys who find themselves in need of cash between pending contingent fees. Post-Settlement finance can be a very critical tool for plaintiffs’ law firms. Access to funds can help attorneys advertise for clients in big name cases, add partners who specialize in specific kinds of law like maritime and aviation, add associates and staff, and build their brand so they can compete with big name firms. For national plaintiffs’ law firms, post-settlement funding can help them maintain their competitive advantage, increase their presence on all media channels, and expand their footprint to help increase business. Post-Settlement Funding has been and continues to be one of the strongest tools in a plaintiffs’ attorneys toolbox.

Post-Settlement Fundings

  • RapidFunds® forwarded a prominent Texas law firm $1,000,000 of its legal fee on a settled multi-district pharmaceutical litigation.
  • A major national law firm accelerated its receipt of a multi-million dollar fee in a large multi-million dollar consumer class action settlement.
  • RapidFunds® forwarded a national law firm in excess of $3,000,000 of its legal fee in an employment class action settlement.
  • RapidFunds® forwarded a Pennsylvania law firm $200,000 of its legal fee in a large personal injury settlement.
  • A Florida attorney received a portion of his attorney fee from RapidFunds® on the same day he settled the case!
  • A New York attorney received a portion of his fee from RapidFunds® within days of finalizing a wrongful death settlement.
  • RapidFunds® forwarded $65,000 of a California attorney’s legal fee in an employment discrimination settlement.
  • In a civil rights settlement, an Illinois attorney received $125,000 of his fee from RapidFunds®.