Legal-Bay Lawsuit Funding Announces Strategic Alliance with Specialty Finance Company

VERONA, N.J., Feb. 20, 2018 /PRNewswire/ -- Legal-Bay, The Pre-Settlement Funding Company, announced today that they have agreed to a strategic alliance with LBV Funding for 2018-2019, whereas Legal-Bay and its staff will provide upfront origination and other administrative services to LBV Funding, LLC.

LBV Funding is a leading specialty finance company, who has produced 5 years of positive audited returns in the lawsuit funding space. LBV recently had a Joint Venture Partnership with Gavel Funding on a $9MM raise in 2017 and have closed that fund for new investments. All of the origination on the $9MM Gavel fund was provided by Legal-Bay's origination team and network.  Now, LBV Funding seeks to raise additional capital and or partner with another debt or equity investor to start another fund in the neighborhood of $5-10MM.  The company is in preliminary talks with several large specialty finance collateralized debt Hedge Funds at this time who are interested in entering the pre-settlement funding space. LBV, however does not expect to close a transaction until they complete their 2017 audit in the next 30 days. Preliminary reports indicate another great track record of success for the company in 2017. 

Today's announcement assures LBV of having ample origination to fill up their portfolio to desired level directly from Legal-Bay for the next 2 years.  

Chris Janish, CEO of Legal-Bay commented on the deal, "We have been a bona fide origination team working strategically with several large funder's in the legal finance industry for quite some time now. The last 3 years we have had a great relationship working with LBV specifically, and their financials have shown the quality of our origination of lawsuit pre-settlement deals – including the recently closed Gavel Fund which to date has shown stellar returns. We are excited about the prospects of LBV partnering with a new investor that has ample capital that can fill our origination volume.  It is a great fit for both companies because the Legal-Bay team can focus on our strengths of origination, via our proprietary law firm contacts and direct marketing expertise; while the LBV team can focus on securing ample capital and direct funding services for our mutual clients."

Legal-Bay has been one of the best lawsuit funding companies in the legal funding origination space since their inception in 2011.  The company focuses its efforts on Car and Truck Accidents, Surgical Funding, Personal Injury Cases, Sexual Harassment, Employment disputes, Wrongful Termination, Discrimination, Mass Tort Cases such as bad drugs and product liability, and many other civil cases. The company provides free case evaluations for plaintiffs looking for fast lawsuit money advances, not to be considered a lawsuit loan, lawsuit loans, settlement loan, or settlement loans.  Legal-Bay and LBV pride themselves on great customer service and responsible funding rates for law firms and their clients.

To apply for plaintiff lawsuit funding, go to the company's website and fill out a quick application and a sales rep. will contact shortly.  http://lawsuitssettlementfunding.com   

For any other corporate information on Legal-Bay or LBV, you may email the company at: [email protected], or call the company's executive offices at: 973.857.1000.

Contact: Chris Janish, CEO Email: [email protected]

SOURCE Legal-Bay LLC