LawCash Takes Step to Institutionalize Business in

Growing, Early-Stage Advance Funding Industry

    NEW YORK, March 6 /PRNewswire/ -- LawCash (Plaintiff Funding Corporation)
 announced today that seven trial lawyers, who are current and past presidents
 of national and state trial lawyer associations, have agreed to serve on the
 company's recently established Consumer Advisory Board.
     LawCash set up the Consumer Advisory Board to obtain counsel on national
 and local issues relating to plaintiff rights and to get advice on how to
 provide the highest quality service for the plaintiff bar in the area of
 non-recourse funding.
     "These well-known trial lawyers who joined our Consumer Advisory Board
 will offer us guidance on legal developments and offer improvements on
 non-recourse funding so that our clients have the best product available to
 facilitate the proper and fair settlement of their cases," stated Dennis
 Shields, President and Chief Executive Officer of LawCash.  "They will also
 give us advice on ways that we can better support the plaintiff bar and help
 them to move forward with their case loads."
     The LawCash Consumer Advisory Board is composed of the following trial
 lawyers:
 
      Gary B. Pillersdorf, Esq., Gary B. Pillersdorf & Associates, New York, NY
         (Former State President, New York State Trial Lawyers Association)
      Michael Maggiano, Esq., Maggiano & Associates, Fort Lee, New Jersey
         (Former State President, New Jersey Association of Trial Lawyers of
          America)
      John Romano, Esq., Romano, Eriksen & Cronin, Lake Worth, Florida
         (Former State President, Academy of Florida Trial Lawyers)
      Gary Gober, Esq., The Gober Law Firm, Nashville, Tennessee
         (Former State President, Tennessee Trial Lawyers Association)
      Mary Beth Ramey, Esq., Ramey & Hailey, Indianapolis, Indiana
         (Former State President, Indiana Trial Lawyers Association)
      George Chandler, Esq. George E. Chandler, Lufkin, Texas
         (Former State President, Texas Trial Lawyers Association)
      Richard Hailey, Esq., Ramey & Hailey, Indianapolis, Indiana
         (Former National President, Association of Trial Lawyers of America)
 
     LawCash is a national specialty finance company that provides a variety of
 non-recourse funding options to plaintiffs with pending personal injury cases
 and other lawsuits.  The company also advances money to people with recently
 settled cases awaiting payment, as well as state insurance liquidation cases.
 LawCash takes a lien on the cases it accepts.  The company charges rates that
 average 3% a month.  If the plaintiff loses their case, they keep the advanced
 funds and do not repay LawCash.  LawCash advances up to 10% of the value of a
 case up to $100,000.
     The company has been in existence for over two years and is growing.  The
 company projects $25 million outstanding on funded cases for next year, as
 compared to $10 million for 2002 and $3 million in 2001.  LawCash provides
 their services to plaintiffs in 24 states.  The company has its headquarters
 Brooklyn, New York with offices in Reseda, California and Fort Lauderdale,
 Florida.
 
 

SOURCE  LawCash