CRESSKILL, N.J., Dec. 21, 2016 /PRNewswire/ -- RD Legal Funding, LLC ("RD Legal Funding") continues to expand their services to the attorney community by broadening the availability of their Fee Acceleration product to those who practice business litigation on contingency. Plaintiffs' attorneys who practice in traditional areas of litigation like personal injury, employment law, and even class actions and MDLs have been able to access legal funding on their cases. Recently, the number of attorneys taking on business litigation clients on contingency has increased. As the market adjusts to this new movement, RD Legal Funding has found a way to help those attorneys avoid certain issues that can arise with contingency fee practices. "For years, we've provided post-settlement funding to plaintiffs' attorneys because of their contingency based fee structure," says Roni Dersovitz, Founder of RD Legal Funding. "As more attorneys take on business litigation cases on contingency, we decided we can offer those same services to them as this trend continues to grow."
According to some studies on the topic of business litigation, companies spend billions every year on litigation. The Office of Advocacy from the U.S. Small Business Administration published a study in 2005 titled Impact of Litigation on Small Business. In that article, they talk about the personal investment most small business owners have in their business and their motivation to pursue litigation if necessary to protect it. The findings in the study also showed that most small businesses tried to stay out of court and settle their case prior to a trial, but with mixed results. Business litigation is a wide category and it involves a variety of scenarios including business disputes, contract disputes, fraud and misrepresentation, intellectual property, breach of fiduciary duty, and many others.