RapidFunds will expand its post-settlement funding business for plaintiffs’ attorneys with new funds allocated specifically toward the attorney finance space. In addition to offering post-settlement funding, the company is now offering case cost financing to help attorneys with their case expenses. Since 2004, the company has done over 3,600 transactions and with the new service it offers, the company expects to grow aggressively in the next few years. Peter Speziale, President and CEO of RapidFunds, says “we enjoy tremendous repeat business and that is due to our customer service and professionalism”. “I think with our stellar reputation and our ability to underwrite and disburse funds quickly; aggressive growth will not be a challenge. Our services fill an important need in the attorney finance space”.
RapidFunds works with contingency fee plaintiffs’ attorneys with settled cases. Through its new case cost financing service, the company will be able to offer funding to plaintiffs’ attorneys on their current and future case expenses. RapidFunds moves quickly once an application has been submitted and in certain cases can fund in the same day. As a direct funder and not a broker, RapidFunds is able to provide funding to plaintiffs’ attorneys on their settled case fees from $10,000 to $20,000,000. The company provides funding on a variety of contingency fee cases: personal injury, mass torts, class actions, product liability, employment discrimination and many more. RapidFunds provides funding for attorneys only, not the plaintiffs.
The company was founded by attorneys who have experience with contingency fee work and understand many of the challenges in running a plaintiff’s law firm. Plaintiffs’ attorneys interested in settled case financing or case cost financing can apply for funding on RapidFunds’ website. Plaintiffs’ attorneys that want more information about both services and how the entire funding process works can call 888-927-9500 or email email@example.com.
RapidFunds was founded in 2004 by attorneys Charles S. Brofman, Esq. and Peter J. Speziale, Esq. as a solution to the cash flow problems faced by contingent fee attorneys. The company is attorney owned and operated. The principal operators pride themselves on personal service working with the attorneys through the entire funding process. RapidFunds can provide funding to firms of all types and sizes. Their clients range from plaintiffs’ firms that specialize in class actions and settle a few large cases per year to plaintiffs’ lawyers who handle low severity, but high-volume cases that settle monthly.
Peter J. Speziale