How to Work with Legal Funding Brokers 101
5min read Origination is the lifeblood of every legal funding business, and as we touch upon in our eBook (see page 8), brokers can provide a valuable, potentially expensive source for origination, and can help you build and balance your portfolio, providing access to different case-types. This post will review many of functions of brokers in […]
New York AG Agreement with Legal Funding Companies
6min read ATTORNEY GENERAL OF THE STATE OF NEW YORK BUREAU OF CONSUMER FRAUDS AND PROTECTION In the Matter of Plaintiff Support Services, Inc.Pre-Settlement Finance, LLCQuickCash, Inc.Magnolia Funding, LLCBridgeFunds LimitedPlaintiff Funding Corporation d/b/a LawCashOasis Legal Finance Co., LLCThe Whitehaven Group, LLCNew Amsterdam Capital Partners LLC d/b/a Law Max Assurance of Discontinuance Pursuant to Executive Law […]
Is Peter Thiel’s Foray into Legal Finance Good?
Peter Thiel’s decision to fund Hulk Hogan’s lawsuit against Gawker marked a watershed moment in legal finance back in 2016. Today, eight years later, litigation finance remains a complex and evolving field, driven by both market forces and a desire for justice. But has Thiel’s example left a lasting mark on the industry? A New […]
How Google’s Policy Impacts Your Funding Business
5min read The end is nigh…for purveyors of online payday loans. In response to growing public backlash, Google is giving payday loan companies the boot from its AdWords service. So why should you care about the fate of this other industry? The implications of Google’s policy decision could have far-reaching effects on any business that uses AdWords […]
Legal Finance: Doing Well or Doing Good? Or Both?
5min read Last month, The New York Times Magazine posed a provocative question: “Should you be allowed to invest in a lawsuit?” This question explored the growing industry of litigation finance, where investors fund legal cases in hopes of sharing in the eventual settlements. According to writer Mattathias Schwartz, “when litigation financiers talk about expanding […]
Finance for Legal Funders (Part 4)
In this series on finance for legal funders, so far we’ve covered: This week we’ll take a look at a highly visible example of how investors may perceive funds if only limited portfolio metrics are provided. Key Takeaways For Legal Funders #1 Legal funders need to present a variety of metrics (for example, Duration, Convexity, […]
Finance for Legal Funders (Part 3)
Risk is one of the most important aspects of finance, and it is probably the central metric that institutional investors care about. While the average person often thinks that institutions, such as pension funds and endowments, are looking for returns, in reality, the opposite is true. Institutional investors generally focus more on risk than they […]
Finance for Legal Funders (Part 2)
In Part 1, I introduced how important it is for legal funders to effectively communicate with capital providers and how the goal of this series is to show how legal funding companies can use established financial concepts to help bridge the communication gap between themselves and financiers. From here on out, we will look at […]
Power to The Plaintiff
There is a great paradox in our civil justice system. In many cases, the moment a personal injury occurs, the defendant’s problems are entirely over while the plaintiff’s problems are just beginning. Take Kara, who rear-ended the car in front of her after being distracted by her two-year-old in the backseat. Fortunately, her auto insurer […]
Lien Confirmation for Lienholders: Why & How
Many personal injury service providers – medical providers, plaintiff and medical funders, etc. – who are paid on contingency believe that all they need to get paid for their services is a written agreement with the plaintiff’s attorney. But, unfortunately, service providers need to be much more proactive: You must confirm your agreement with the […]