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SOURCE RD Legal Funding, LLC
CRESSKILL, N.J., May 7, 2014 /PRNewswire/ -- Since 1998, RD Legal Funding, LLC ("RD Legal"), has provided and continues to provide post-settlement funding services to trial attorneys and plaintiffs throughout the United States. Post-settlement funding allows attorneys to gain early access to their legal fees after a case has been settled (Attorney Fee Acceleration product) or plaintiffs to take out an advance on delayed settlement awards (Plaintiff Post-Settlement Funding). The amount of funding advanced and the time frame of the advance is dependent on the details of the settled case. RD Legal is well-known within the legal funding industry and is currently partnered and affiliated with some of the biggest trial attorney associations in the United States.
"Trial attorneys and plaintiffs can be subject to unique circumstances where payments on settled cases can be delayed," says Joseph Genovesi, President of RD Legal. "RD Legal was specifically created to help alleviate those problems, should they occur, to help attorneys and plaintiffs move on with their lives."
Unlike most other funding companies, RD Legal only offers post-settlement financing, meaning that one is only eligible for funding if their case has been settled. This strategy differs from most legal finance companies, who offer pre-settlement funding. Pre-settlement finance firms are much more prevalent than post-settlement funding firms, and because of the similar names, it can lead to confusion. Moreover, pre-settlement funding is much more expensive than post-settlement funding due to the higher risk. The presence of brokers, who act as middlemen between funding companies and clients, are often difficult to differentiate from direct capital providers, which can also cause confusion. RD Legal, in offering only post-settlement financing, forgoes this risk and is able to offer advances on multiple types of settled cases at industry-best rates.
The legal finance industry has rapidly grown since the early 1990s, when the industry was still relatively unknown, unused, and untested. Nearly two decades later, the legal funding industry has received recognition for its unique and effective services. Though most legal finance companies only offer advances in select states, RD Legal offers its services in Puerto Rico and all 50 U.S. states. RD Legal is well-known within the legal finance industry and has repeatedly proven its reputation.
Through their Attorney Fee Acceleration and Plaintiff Post-Settlement Funding products, RD Legal has helped attorneys and plaintiffs across the United States receive funding on money owed to them. To find out more about these products, call Joseph Genovesi, President of RD Legal, at 800-565-5177, ext. 140. If you have a settled attorney fee or plaintiff award where payment is delayed, you can apply for funding today at http://www.legalfunding.com/apply-now/.
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