SAN FRANCISCO, Jan. 22, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today a major increase in capital from its institutional investor partners to begin aggressively funding attorneys who are in need for trial and internal office cash expenses. The company said the increase has come just in time as the trial calendar has started to pick up in the New Year; and the company has already funded several law firms within the first few days of January.
Chris Janish, CEO of Legal-Bay, commented on the recent attorney funding and expert cost funding activity, "As always in January and the first quarter, the trial calendar really starts to pick-up as cases are held over from the holiday slow down. We have seen an increase in attorneys and small law firms applying for our attorney cash advance program. Whether it be for trial costs, internal cash flow needs, or marketing expenses, our firm has been able to get small and independent law firms the needed capital to compete in the marketplace. We are grateful to have secured additional capital needs for our clients at this important time." For more information on Legal-Bay's attorney funding program you may log onto: http://lawsuitssettlementfunding.com/attorney-lawsuit-loans-and-funding-products.php
Legal-Bay's attorney funding program is unlike a traditional bank, whereas the company's approval process is less dependent on credit scores and more on the law firm's main collateral – which is its case load. Typically approvals take 3-5 business days and funding can occur within 2-3 days after approval. Legal-Bay is able to fund attorneys in all 50 states; however the company has seen a recent surge in applications in: California, Nevada, Arizona, Texas, New York, New Jersey, Florida and the entire Gulfport region relating to B.P. cases including Alabama, Mississippi, and Louisiana. Legal-Bay is also funding CPA operations in the Gulf States that have pending B.P. Case liens.
Sole practitioner's and small law firms in need of an attorney loan or attorney capital funding up to $500,000.00 can apply online at: http://lawsuitssettlementfunding.com or by calling Legal-Bay's toll free hotline, where live agents are always available to answer your questions immediately at: 877.571.0405.
SOURCE Legal-Bay LLC