Category Archives: Special Features
What Does it Mean to Live Paycheck to Paycheck?
The following was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
According to Investopedia: “Paycheck to paycheck is an expression used to describe an individual who would be unable to meet financial obligations if unemployed because his or her salary is predominantly devoted to expenses. Persons subsisting paycheck to paycheck have limited or no savings and are at greater financial risk if suddenly unemployed than individuals who have amassed a cushion of savings.”
Flying High: LCM Lands Portfolio Funding Deal with Aviation Company
One of LCM’s key areas of focus since its IPO has been the origination and execution of corporate portfolio transactions. The recent announcement of a portfolio funding partnership with a major aviation company, in which LCM will finance 38 worldwide disputes and contractual claims arising from the operations of the company for an initial 5-year rolling period, underscores the funder’s commitment to its corporate portfolio funding strategy.
Term Sheet Exclusivity & MAC Clauses: Good or Bad Things for the Funding Industry?
At last week’s 2nd Annual Financing, Structuring and Investing in Litigation Finance conference, hosted by IMN in New York City, the third panel of the day discussed the topic of term sheet exclusivity. Namely, should funders mandate an exclusivity period whereby the claimant cannot approach or discuss potential funding, while the initial funder performs due…
Why is There an Assault on the Poorest Amongst Us?
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
“Millions of Americans Are Just 1 Paycheck Away From ‘Financial Disaster’” was the title in a recent story in Barron’s. The article stated that 51% of working adults in the US would need to access savings to cover necessities if they missed more than one paycheck. That is the equivalent of over 78.2 million Americans.
Funders and Lawyers Discuss Defense Funding
At the recent General Counsel Forum on Litigation Finance, both funders and lawyers came together to discuss a variety of topics facing the industry. One of those is defense-side funding. What are the options for defense funding? How can defense cases be monetized? Is this really even a thing?…
Funders, Lawyers and In-House Counsel Discuss Litigation Funding at Momentum Events Conference in NYC
On Wednesday, May 1st, funders, lawyers and in-house counsel gathered to discuss litigation funding at Momentum Events’ inaugural General Counsel Forum on Litigation Finance….
The Case for Customized Solutions: One Size Does Not Fit All
The following article was contributed by Michael Lohrer, Chief Technology Officer of Segue Cloud Services.
When it comes to technology for the legal finance community, more often than not market solutions have been designed as pre-set software, produced to function in one particular fashion to address organizational processes or workflows. End-users are often encouraged to give feedback on desired changes and customization, but revisions to the finished product are difficult for developers to fulfill after-the-fact. A pre-determined GUI and set functionality doesn’t always accommodate the ongoing needs of the customer—particularly for those who hope to grow their practices.
SPONSORED POST: Segue Cloud Services Multi-Funding Case Study
The Following sponsored post was contributed by Segue Cloud Services.
The Challenge
Multi Funding USA is a pre-settlement finance provider that serves attorneys and their plaintiffs. The company has been serving clients for nearly a decade, providing millions of dollars in financial support in jurisdictions like New York, New Jersey, Connecticut, Vermont, Texas, California, Florida, and Washington. Through its pre-settlement funding services, plaintiffs can access much needed funds during the often lengthy settlement process as they wait for their cases to be resolved. When a case concludes in favor of the plaintiff, Multi Funding recoups its investment at a preferred rate of return.
Montani semper liberi — “Mountaineers are Always Free”
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding.
Montani semper liberi; “Mountaineers are Always Free” is the motto of the State of West Virginia, but apparently the motto only applies to a select group of Mountaineers. The Legislature of West Virginia passed – and the Governor signed into law – Senate Bill 360 which sets out to regulate Consumer Legal Funding in the state. Unfortunately, SB 360 is a set of meaningless regulations, given that the legislation implements rate restrictions on the Consumer Legal Funding Industry which restrict the product from even being offered to the citizens of the state. So in essence, SB 360 bans the product altogether.
What’s Behind the Rise in Shareholder and Competition Claims in the UK?
Prominent group action claims against the likes of Visa and MasterCard, RBS, Uber and Google underscore a surge in activity around group actions in the UK. What’s causing this sudden jolt? As it turns out, there are a combination of factors at play….
