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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