Balanced Bridge Funding, LLC (“Balanced Bridge”), a specialty finance firm based outside Philadelphia, is ramping up their legal funding efforts to provide capital to plaintiffs and attorneys working on a contingency fee basis. Balanced Bridge’s post-settlement funding product is specifically designed to help bridge applicants from the time of settlement to final distribution of payment.
Joseph Genovesi, CEO of Balanced Bridge, said, “It’s during these difficult times that our services are needed more than ever. This is arguably the biggest upheaval the world economy has ever faced, but we stand ready to help those individuals and law firms waiting for payment from settlement agreements now delayed due to disruption of the courts.”
Balanced Bridge is one of the premier direct funders in the legal finance space, which consists of firms that provide financing to plaintiffs and plaintiffs’ attorneys at different stages of litigation. Some offer pre-settlement funding, others provide case-cost financing, and very few specialize in providing post-settlement funding, which is Balanced Bridge’s flagship product.
Many companies in the legal funding space are not direct funders, rather brokers who receive a commission for arranging financing between the plaintiff, their attorney, and the funder. Because Balanced Bridge is a direct funder backed by institutional investors, they are equipped to advance funds between $10,000 and $10 million directly to the applicant within a matter of days.
Among the current settled case awards and fees Balanced Bridge can finance include the Route 91 Festival Shooting, Larry Nassar, USC George Tyndall, Roundup, and many more. Balanced Bridge is prepared to fund plaintiffs with settlement awards from a variety of settled cases. Qualifying plaintiffs would receive a portion of their award upfront. In addition, plaintiffs’ attorneys can obtain financing on their fees tied to settled cases. SSDI, Veterans’ Disability, and court appointed attorneys can also secure funding from Balanced Bridge based on their delayed fees.