The following article was contributed by Julia DiCristofaro, program administrator at The Milestone Foundation.
“I have a good client who is in need of pre-settlement funding, which I almost always advise against. But she is desperate, and this case will settle soon. Do you think you can help?”
It’s not unusual for plaintiffs to need extra money before their case is adjudicated. An accident victim, for example, can’t wait years to pay medical bills or replace their car. Pre-settlement funding can help those who find themselves needing an influx of cash as they await the outcome of their lawsuit.
As litigation funding expands and adapts to the needs of consumers, it is becoming known by an increasing array of names: lawsuit loans, car accident loans, pre-settlement funding, etc. That’s because third-party funders are always developing new ways for non-recourse legal funding to help those in need.
Segue Cloud Services, a division of Woodstock Capital Holdings, has released its Segue 3.0 platform, a cloud-based platform which combines all pre-settlement funding workflows and processes, data recovery, and digitized document management features. Segue is a leading provider of cloud-based management tools for the legal and specialty finance community. It has served litigation finance companies and law offices around the country since 2010.
