Many successful personal injury lawyers live a life of boom and bust with their finances. Fees and expenses are rarely in balance at personal injury firms, which results in significant cash flow challenges. For years, other businesses have managed to balance their cash flow by selling their accounts receivable. Personal injury firms now have the same opportunity with RD Legal Funding’s Fee Acceleration product. Any case with a delay between settling and receiving fees is a candidate for post-settlement funding, including personal injury suits.
Accelerating your cash flow means having the money to keep current on your bills and to take advantage of opportunities like accepting a big case or retaining a top expert. For more information about RD Legal’s post-settlement financing solutions, please call 1-800-565-5177. If you are ready to start accelerating your legal fees, please fill out the brief form to your right.What is a Personal Injury Lawsuit?Personal injury is arguably one of the main issues courts must contend with. According to Nolo’s dictionary of law terms, personal injury is defined as “an injury not to property, but to the body, mind, or emotions.” Plaintiffs generally seek compensation for pain, suffering, and loss of amenity. Some of the most common types of personal injury claims include:
Because personal injury lawsuits are almost always contingency fee-based, PI attorneys can frequently benefit from legal funding as a cash flow solution. Although a contingency fee arrangement is usually preferable to a plaintiff who otherwise couldn’t afford representation, not being compensated until a lawsuit settles can put tremendous strain on a law firm’s finances. Furthermore, there are often payment delays even after a personal injury lawsuit settles, which can really compound cash flow challenges.To view a timeline and flowchart of a typical personal injury lawsuit, click here.RD Legal’s Post-Settlement Funding can HelpIf you are an attorney or plaintiff with a slow-paying personal injury settlement, RD Legal Funding can accelerate the payment of your legal fee or award. RD Legal’s Fee Acceleration product was designed specifically to convert settled legal fees into immediate capital. With Fee Acceleration, there are no upfront fees or monthly payments. In addition, RD Legal assumes the risk of the defendant’s non-payment, so you can fund your settlements with confidence.
