Seeing Increases in Legal Funding
LawLeaf reports a steady increase in the number of plaintiffs applying for lawsuit funding. The increase reflects a comparison between 2nd & 3rd quarter numbers. The company believes the steady increase in applications has much to do with a slow down in the economy and our ability to secure competitive rates and faster approvals.
The company has seen around a 25% increase in pre settlement, post settlement and structured settlement advances. During the third quarter LawLeaf released a structured settlement cash site which provides information to potential sellers of future annuity payments through their structured settlement.
3rd quarter increases in personal injury funding types include:
3rd quarter increases for commercial litigation claims include:
The company believes with the holiday season nearing the 4th quarter could potentially be much larger than the past 3 quarters. If you are currently evaluating legal funding begin by contacting LawLeaf today. We stand ready to assist you.
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