Following the recent piece by Michael Batnick, Director of Research at Ritholtz Wealth Management, legal funding has had to combat a few unsavory rumors. It isn’t a secret that the industry suffers from a bad reputation.The question is why and what can we do about it?
It is true that returns aren’t correlated with traditional markets. This makes legal funding an exciting option investors are using to diversity their portfolios. Because legal funding has garnered a great amount of attention on Wall Street, some people see a need for reform. Batnick himself has inferred that the scales of justice are weighed down by gold.
Could he be right?
Though there is no doubt some practices value profit over justice, the premise behind pre-settlement funding remains solid. As plaintiffs await their settlement, they are faced with the staggering expenses of everyday life. Trials can be long and tedious. Years can go by before cases come to a close and settlements are awarded or verdicts are reached. During this time, expenses pile up whether they be medical and household bills, personal and childcare costs or other living expenses.
Pre-settlement funding can help plaintiffs alleviate the financial burden that, on top of the medical issues they are dealing with, may be emotionally and physically weighing them down. What many on Wall Street don’t understand is how much a lack of financial security begets suffering and distress. Wall Street is betting on the success of the industry, but that is not our concern.
We are betting on you.
It is more important than ever that you not only find the right legal funding solution but also find partners who you can build a long-term relationship with. At Elevant Finance, we are not just lenders. We are a team comprised of leaders in the legal, mortgage and auto loan spaces. Having seen first-hand how victims of big pharmaceutical companies, bad medical devices and personal injury accidents and their family members have suffered, we have made it our mission to offer as much support as we can as simply as we can with full transparency and no hidden tricks up our sleeve.
So, how safe is plaintiff pre-settlement funding? The answer is very.
This isn’t a traditional loan. It is “non-recourse”, which means if you do not win your case, you don’t have to pay us back. We built a network of top trial attorneys around the country who have proven success fighting for people just like you. You have access to them all. Elevant Finance will negotiate the right terms for you, with your best interest in mind.
Get to know our team and hear more about the decades of experience behind our process and you will understand why legal funding is the best kept secret in the finance world.