Advocate Capital, Inc.
Advocate Capital, Inc. Announces New Product - Settlement Funding
Published in Healthcare Mergers, Acquisitions and Ventures Week, August 30th, 2008
Advocate's Settlement Funding product enables attorneys to accelerate their legal fees from cases for which they have obtained a signed settlement agreement between the plaintiff and defendant. "Our Settlement Funding product is structured as a factor, in which we buy a certain portion of the law firms' anticipated fees on a settled case at a slight discount," said Paul B. Myers, Advocate's President. "The insurance companies are notorious for delaying payments, even on settled cases. Settlement...
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