Pre-Settlement financing can get complicated quickly. There are simple fee financing structures and compounding structures available for your clients. In order to know what Pre-Settlement structure is best for your client, let us first look at each Pre-Settlement loan interest model. Pre-Settlement loans with compounding interest: Believed to have originated in 17th century Italy, compound [...]
Who could have expected the closure of courts, no trials, clients being out of work, and the pressures of settling cases earlier than expected to get your clients their money? Due to COVID-19 juries are not assembling, courts are limited to virtual hearings, civil cases come after criminal cases, all causing cases to slow down. [...]
Has one of your clients asked you what you think about pre-settlement advances? This question leads to some angst among lawyers. Many lawyers do not like making recommendations about pre-settlement advance companies because they do not know anything about such providers. Another reason we hear from lawyers that work with our company is that they [...]
Not knowing when your case will settle is one of the most frustrating parts of suing somebody. Even when your lawyer provides a timeline for the completion of your case, those dates almost always come and go with no settlement. Court times vary widely from case to case. Already clogged courts became more congested at [...]
Lawyers have a hard time recommending other professionals to their clients. By not endorsing anyone, the lawyer, always looking for ways to reduce or minimize risk, has no exposure should that relationship go bad. Lawyers are often wary when considering pre-settlement financing for their clients’ lawsuits. Unless the client asks, few lawyers recommend that clients [...]
Winning a settlement does not automatically mean you will receive your money right away. Even when settlements are reached in court, at trial, the process to receive your settlement money will require the completion of legal documents and a waiting period for payment, depending on the practices of the insurance company involved in your lawsuit. [...]
If you have filed a lawsuit against someone who caused you injuries, you likely want to know how long it will take to get settlement money. Some of you may want to wait for your day in court, and others may want a faster settlement negotiated out of court. All victims’ reasons for seeking compensation [...]
Clients always want to know when their lawsuit will be settled, particularly if they are out of work and recovering from injuries. Earning a living while their lawsuit is pending is likely a major concern for your clients. Income from employment is used to maintain shelter, food, and pay for unreimbursed medical expenses. Once the [...]
On May 1, Berkshire Hathaway held their annual shareholder meeting virtually due to the restrictions on public assembly imposed in Nebraska because of the novel coronavirus (COVID-19). Labeled the “Woodstock for Capitalists” by Warren Buffet its CEO, Berkshire Hathaway is a multinational conglomerate holding company for subsidiaries such as Benjamin Moore, GEICO, Dairy Queen, Fruit [...]
