A Guide to Legal Finance in Aggregate Claims
6min read The following is a guest post by Richard Blunk. When a claim-holder cannot economically justify pursuing their claim, and a class-action is either not possible or desirable, claims aggregation may be the answer. Acquiring small commercial claims – either in whole or in part – may enable the aggregator to achieve a “Critical […]
Protect Your Investments with Lien Confirmation
When providing funds to plaintiffs and placing a lien on a case, one of the most critical functions of a legal funding company is case tracking. This process, sometimes referred to as servicing or collections, involves monitoring investments from the time of funding until recovery, whether it’s a full return, partial loss, or complete loss. […]
Vermont Limits Plantiffs’ Options for Financing
On May 20, 2015, Vermont lawmakers passed a one-year moratorium on what they label as “settlement loan” companies. The move comes amid mounting criticism from plaintiff financing opponents who claim that these companies exploit vulnerable individuals. However, the decision is based more on fear and misinformation than on facts, stripping plaintiffs of an essential resource […]
Top 10 Ways to Level-Up Your Plaintiff Payments
The funding agreement is signed and delivered. After all that back-and-forth, your plaintiff is ready for payment. Then you get the inevitable call: “Hi, I just faxed my funding agreement, but my money isn’t in my account yet! What’s going on?” Sound familiar? If you’ve been in legal funding long enough, you know how critical […]
Self-Driving Cars’ Impact on Attorneys & Insurers
In October 2014, Elon Musk unveiled Tesla’s Model D, marking a significant leap forward in the development of autonomous and self-driving cars. Since then, we’ve seen a rapid rise in autonomous vehicle (AV) technology from companies like Tesla, Google, and other automakers. With the introduction of smarter cars, there’s a mix of excitement and concern […]
Legal Funding Should Be For-Profit Legal Aid
Originally Published April 27, 2018 When President Donald Trump proposed to essentially eliminate federal funding for legal aid last year, many people rose up in arms. The American Bar Association mobilized a campaign to defend Legal Services Corp., the nation’s largest single funder of civil legal aid for low-income people; more than 20,000 people sent messages in […]
15 Apps and Tools to Propel Your Funding Business
As a millennial in a VC-backed legal funding software startup, I’m always on the lookout for apps and technologies that save time and streamline workflow, so I can focus my energy on higher impact activities. When I used to process hundreds of plaintiff financing applications a week, the focus on high impact activities was crucial. […]
4 Primary Elements of All Funding Applications
– 7min read When approaching a new problem, one tactic is to break it down into first principles, the fundamental truths of a problem. Sure seems to be working for Elon Musk… When assessing legal and medical funding investments, the first principles you need to keep front and center all the way from intake and […]