#USA #Boca Raton #Legal Finance #Litigation Funding #ClaimAngel

ClaimAngel Reaches a Milestone of 18,000 Fundings: A Game Changer in Litigation Finance!

ClaimAngel, the pioneering transparent marketplace for legal funding in the U.S., has recently announced that it has exceeded 18,000 fundings for plaintiffs. This milestone represents a transformative shift in the landscape of litigation finance, promoting fairness and ethical standards across a sector that has long been criticized for its opacity and exploitative practices.

Developed with the vision to challenge the traditional funding systems that often impose unreasonably high interest rates—ranging from 50% to as high as 200%—ClaimAngel has implemented a single standardized rate of 27.8% with capped repayments of twice the amount funded after a period of 46 months. This innovative approach seeks to empower clients by providing financial stability while their cases progress, ensuring they do not feel pressured into settling for inadequate amounts due to financial strains.

A Trusted Partner for Law Firms

John Morgan, founder of Morgan & Morgan, the largest plaintiff law firm in the nation, likened ClaimAngel to the "Charles Schwab of client funding", emphasizing its importance in an attorney's toolkit. With over 500 leading law firms across the country now utilizing ClaimAngel, the platform has become a trusted solution to safeguard the interests of clients and attorneys alike.

The challenges that plaintiffs face are often compounded by insurance companies known to prolong legal processes intentionally. ClaimAngel aims to alleviate some of this stress, giving clients room to navigate their litigation journey with more confidence.

The ClaimAngel Model: Simplicity and Transparency

ClaimAngel's model is built upon creating an accessible, transparent funding experience. Unlike conventional funding that often leaves clients in the dark with complex terms and hidden fees, ClaimAngel’s approach ensures that every client is aware of the same simple annual rate and repayment conditions—eliminating surprises throughout the funding process.

Key features of the ClaimAngel platform include:

• - Marketplace Advantage: More than 25 vetted funding companies compete to provide funding for each case, improving the speed of approval and enhancing outcomes across 42 states.
• - Law-Firm Integration: The enhanced portal allows attorneys to manage essential documentation, track client fundings, and maintain necessary compliance records—all within a secure framework.
• - AI-Powered Efficiency: By leveraging artificial intelligence, ClaimAngel accelerates underwriting processes, dramatically reducing decision times from several days to just minutes.

Purpose-Driven Funding

ClaimAngel operates under the mantra that legal funding should serve as a tool for justice, not merely as a last resort characterized by predatory practices. Its CEO, Jeremy Alters, emphasized the company's mission to provide a fair route for plaintiffs to seek the justice they deserve, asserting that “ClaimAngel is designed to give David the power to fight Goliath.”

For decades, the traditional funding model has operated without stringent regulations, often resulting in plaintiff funding that bears striking resemblance to the Wild West. With advancements such as the Rule of One, which champions a unified rate and process, ClaimAngel promises fair and equitable treatment for all clients.

Why ClaimAngel Matters

By making the funding process more transparent and standardized, ClaimAngel empowers plaintiffs, allowing them to pursue their claims effectively and without encumbrance. The platform has quickly become essential for law firms spanning areas such as personal injury, medical malpractice, and product liability, who rely on it to uphold their fiduciary responsibilities while supporting their clients.

In conclusion, as ClaimAngel commemorates this significant achievement of 18,000 fundings, it remains dedicated to its core principles of transparency, fairness, and a client-centered approach in litigation finance. This trailblazing platform is not only reshaping the financial landscape for legal cases, but also stands as a beacon of hope for those seeking justice against formidable adversaries.