Helping small law firms
An award-winning TV show focusing on the best and brightest leaders in the business world has turned its eye toward an innovative legal funding firm. A new episode of Corporate Review spotlights Joseph Genovesi, President of RD Legal Funding. The firm is dedicated to helping smaller law firms survive the ups and downs of contingency-based representation.
On February 7, 2015 at 5:30 pm EST, the segment will air on Bloomberg Television (as pd. prog). On February 8, 2015 at 11:30 am EST, the segment will air on the Fox Business Network (as pd. prog). Please check your local listings for airtimes (click here for Fox and click here for Bloomberg).
During his studio interview, Mr. Genovesi discusses the very real cash flow struggles faced by attorneys and legal teams that take their fees on contingency. RD Legal Funding specializes in post-settlement attorney cash flow issues, because many of the financial bottlenecks occur due to delays in settlement payments. Until the plaintiff receives the settlement award, the law firm can do nothing to collect its fee, causing many smaller legal enterprises to be strapped for funds.
Mr. Genovesi explains how delays in settlement payment can occur for a variety of reasons, such as the involvement of a minor in the case, Medicaid or Medicare liens, class action suits, and other complicating factors. This means that settlements may pay off in a completely unpredictable manner, creating nightmarish cash flow problems for contingency attorneys.
RD Legal Funding was founded in 1998 to help solve this serious problem. Once the settlement award has been confirmed, the company steps in to accelerate disbursement of fees to the attorney in the event of a delay. This allows the attorney’s cash flow to continue without major interruptions.
« We’re excited about profiling RD Legal Funding, » says Corporate Review’s Vice President of Programming, J.L. Haber. « Their service makes a huge difference for legal firms struggling with delays in contingency fees. »
About Corporate Review
Corporate Review is an award-winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, Corporate Review continues to be the premier and targeted outlet for the latest business and health stories. Corporate Review airs on cable networks to over 100 million potential television households.
