Legal-Bay Lawsuit Funding Secures Up to $60MM Capital Funding Line for Pre-Settlement Funding Clients
VERONA, N.J., Oct. 12, 2017 /PRNewswire/ -- Legal-Bay LLC, The Pre Settlement Funding Company, announced today a strategic alliance with a leading firm within the Legal Finance Industry. Under the terms of the deal, Legal-Bay has the ability to fund up to $5MM per month over the next 12 months in order to properly service their growing case cash origination business. Under the terms of the deal, Legal-Bay will focus solely on building origination while their capital provider will handle funding functions and servicing of the portfolio of assets.
Legal-Bay is a leader in origination of pre-settlement funding services for plaintiffs, direct attorney referrals, medical providers, and brokers. The new capital line enables the company to grow each of these segments of their business without interruption, while providing the lowest rates to plaintiffs in the industry along with unparalleled customer service so that clients can receive their lawsuit money in 24-48 hours in most cases. Legal-Bay's core funding cases include car and semi truck accidents, wrongful termination cases, sexual harassment and abuse cases, Jones Act boat cases, FELA cases, slip and fall cases, premise liability, product liability, bad pharmaceutical drugs, and all personal injury cases where the plaintiff has already retained an attorney.
Chris Janish, CEO of Legal-Bay commented on the deal, "Our origination business was in need of an upgrade in the form of a capital funding provider after the acquisition of the Tansey Group earlier this year. Today's announcement gives us that upgrade. The synergies created between the two organizations enables the Legal-Bay team to focus purely on growing the origination business to maximum levels and expanding into new markets. Needless to say, we are excited about the opportunities in front of us, and believe this is a perfect fit for both companies."
For plaintiffs looking for fast pre-settlement lawsuit money to pay for expenses can apply online at: http://lawsuitssettlementfunding.com
Legal-Bay will be upgrading their industry broker submission department that will give brokers the flexibility to provide their clients and law firms with the best possible monthly funding rates, while also providing ample compensation for brokers to market and run their business. The company expects to be a player in the market for broker business in the upcoming months. Additionally, the upgrade in capital enables the company to grow its direct attorney referral business in conjunction with its expanding surgical funding and medical lien funding business.
Bob Tansey, Head of Sales, on the deal, "My choice to become a partner at Legal-Bay was for the sole purpose of sharing a vision, not only to grow my division's existing attorney referral and surgical funding businesses, but to enable me to confidently let my attorney and medical provider clients know that we are providing them with the best rates and value in the market. With our new alliance, that vision can now become a reality. We look forward to continuing our role as a valuable resource to large and small law firms and surgeons in our key markets, especially for their clients in need of medical treatment who don't have ample insurance. Additionally, we now expect to expand our niche surgical funding model in new markets throughout the country."
If you are a law firm or surgery center looking to partner with Legal-Bay in regards to needed capital for surgeries, medical procedures, or for the best rates for plaintiff cash advances, feel free to call Legal-Bay's corporate sales office at: 973.857.1000.
Legal-Bay's funding services are all provided as a cash advance on the pending case on a non-recourse basis, meaning if the case is lost, the funds do not need to be repaid. None of their funding programs should be considered a lawsuit loan, lawsuit loans, settlement loan, settlement loans, pre settlement loan, settlement loan, pre settlement loans, pre-settlement loan, or pre-settlement loans.
For plaintiffs involved in a lawsuit you can apply right now by filling out a quick application on the company's website at: http://lawsuitssettlementfunding.com . To speak to a live agent, you may call the company's 24-hour hotline at 877.571.0405.
Contact: Chris Janish, CEO
Email: [email protected]
SOURCE Legal-Bay LLC
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