Additional Funding Sources Entering Into the Market
LawLeaf reports there are additional funding sources entering into the litigation financing market space. This is great news for plaintiffs. A more competitive environment will continue forcing rates down to new lows making it more affordable to obtain lawsuit funding against future compensation. Over the last several years LawLeaf has worked with dozens of hedge funds and private investors interested in providing our clients with cash advances against their claims. During this time we’ve seen a steady decrease in the rates these funds are charging.
Over the last several years pre settlement funding has become increasingly popular. As a result to the demand for funding, more hedge funds and investors are entering into this market. With the recent bust in the real estate market and the unpredictability of the stock market, investors are searching for new investment opportunities. Pre settlement funding is quickly gaining momentum and investors are intrigued by the rate of returns that can be made by investing in lawsuits.
The new funding sources that are emerging into the market are typically firms that are interested in providing advances against personal injury related cases. While commercial litigation and attorney funding continues to be a niche within the industry, it is expected some of the new comers will begin considering commercial litigation and attorney financing in the near future.
This is an exciting time for those companies that are involved in litigation financing. Plaintiffs are finally realizing that this option exists and attorneys are beginning to realize that this option can buy them more time in hopes for larger payouts. As additional funding sources continue to enter into this space one thing is for sure, lower rates and faster approvals for consumers!
If you are currently searching for pre settlement funding, begin by contacting LawLeaf today.
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