NEWPORT BEACH, Calif., Feb. 9, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today a large commitment from an institutional funding partner to begin servicing the high-end portion of law firms needing capital to manage cash flow and case expenses. Legal-Bay has primarily focused on the small to mid-size market with funding amounts capping at $500K. While the company has previously announced their strong commitment to attorney and law firm funding for 2015, they are stating that they have now raised the bar to $3MM credit facilities for the largest firms in the country.
With trial activity picking up in the New Year, Legal-Bay has already experienced an increase in lawyer funding applications in 2015. Legal-Bay continues to stand ready to aggressively fund attorneys who are in need of trial and internal office cash expenses. Case funding is typically needed on cases with high trial costs and ones that are complex in nature, including but not limited to: medical malpractice cases, employment and/or wrongful termination cases, wrongful death cases, commercial business litigation, commercial truck accidents, construction accidents, arbitration cases, mass tort and class action litigation.
Patty Kirby, COO and Head of Client Relations, commented, "Today's announcement is groundbreaking for our company for the sole purpose that we are now able to provide adequate law firm loans and credit to both small and large law firms throughout the country. We will continue to service our smaller firms with the success that we have done in the past, and we will now open up opportunities to large firms that need large capital commitments to remain competitive. Providing counselors with the ample capital they need will also enable them to pursue complex litigations with the peace of mind they desire."
For more information on Legal-Bay's attorney funding program, please visit: http://lawsuitssettlementfunding.com/attorney-lawsuit-loans-and-funding-products.php
Legal-Bay's attorney funding programs are 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 of assets – which is its case load. Approvals typically take 3-5 business days and funding can occur within 2-3 days after said approval. However, larger commercial loan requests above $500K will require more due diligence and could take up to 10 business days to be approved.
Legal-Bay is able to fund attorneys in all 50 states; however, the company has seen an increase in applications in the following states: Arizona, California, Nevada, New Jersey, New York, Florida, and the entire Gulfport region relating to BP cases including: Alabama, Mississippi, Texas, Mississippi and Louisiana. Legal-Bay is also funding CPA operations in the Gulf States that have pending BP case liens. Large firms, sole practitioners, and small law firms in need of an attorney loan or attorney capital funding up to $3MM may apply online at: http://lawsuitssettlementfunding.com/contact-us.php or by calling Legal-Bay's toll-free hotline at: 877.571.0405, where live agents are always available to answer any questions you may have.
Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email firstname.lastname@example.org
SOURCE Legal-Bay LLC