DRB Financial Solutions, LLC, is pleased to announce that its subsidiary, USClaims (www.USClaims.com), America's premier pre-settlement funding company, was recently chosen as America's Best Consumer Litigation Funding Provider by the audience of Corporate Counsel, the leading national legal and business news publication for in-house counsel at global companies. The reader ranking survey is directed by The National Law Journal, which asks its readers to help recognize the best legal service providers in the industry. This year's ballot consisted of more than 59 categories ranging from law firm marketing and communications to technology, litigation support, accounting, banking, and insurance. The landmark victory is USClaims' first with Corporate Counsel and comes as the company continues to expand its presence westward from its offices in New Jersey and Florida. USClaims has consistently been recognized as best-in-class across the nation, including California, Georgia, New York, New Jersey, Connecticut, North Carolina, Pennsylvania, Texas, and Washington DC. Thank you for your votes and confidence in USClaims as your preferred funding company. We are committed to our mission of providing necessary funds to plaintiffs so you, their attorney, has the time to pursue fair settlements, stated Donna Lee Jones, Esq., President of USClaims. USClaims, established in 1996, is the longest continuously operating pre-settlement funding firm in the United States and has been consistently voted among the best in the nation. In 2019 alone, USClaims earned first place rankings by the audience of The National Law Journal in several categories, including Best Law Firm Funding Provider, Best Case Funding [pre-settlement], Best Consumer Litigation Funding Provider and several Hall of Fame awards. In 2014, a Florida-based specialty finance company, DRB Financial Solutions, LLC, acquired the business, a move that has enabled USClaims to assist more customers than ever before. The company offers plaintiffs who are waiting on a lawsuit settlement the opportunity to receive cash before their case is resolved. There are no out of pocket cost, the transactions are non-recourse to the claimant, do not require a credit check, and - best of all - nothing is owed unless the claim is successful. For additional information on USClaims' pre-settlement funding, please call (877) 872-5246 or visit USClaims.com. Funding is subject to approval and is not available in every state.

NEW YORK, April 22, 2020 /PRNewswire/ -- Tribeca Capital Group, LLC, a leading voice in the field of consumer pre-settlement funding, is pleased to announce its new initiative designed to expand its lawsuit client base to include high dollar commercial plaintiffs and the law firms who represent them. "While we began as a firm working primarily with individuals in personal injury cases, we've known for some time that as a company we wanted to head in the direction of funding bigger and more complicated cases," said Rory Donadio, Tribeca founder. "We've got the know-how and the financial resources to make that happen." Over the last ten years, the litigation funding industry has grown exponentially from its roots in consumer litigation over car accidents and medical malpractice. After those initial successes, lawsuit funding companies began financing more complex commercial litigation involving contract and compliance issues, class actions and multi-jurisdictional cases. Tribeca is poised to leverage its growth and experience as a successful investor in personal injury litigation to become a leading funder of plaintiff complex commercial lawsuits. "Litigation is expensive," says Donadio. "Those with worthy cases often find themselves literally priced out of a case because of the resources needed to finance the litigation or to keep the plaintiff solvent during a case that can last months or years." As Donadio explains, other plaintiffs settle for less than their cases are worth because they can no longer afford the time or money to continue the fight. "We help level the playing field. And, just like consumer cases, if a commercial litigant doesn't receive a monetary award, we don't get paid either." Lawsuit funding can also directly benefit the law firms, who often don't get paid until the case settles or the plaintiff wins at trial. Complex litigation can have a strong negative impact on the firm's cash flow. Litigation funding can help alleviate that pressure so that the law firm can focus on the litigation and not on whether it can make payroll. "We've put a lot of work into our platform and have been able to help a lot of people," says Donadio. "I'm proud of the work we've done, and I look forward to these new challenges and taking our experience to the next level."
Since 2016, Tribeca has invested $150M in litigation and helped hundreds of plaintiffs. If you need help funding your case, or if you are a law firm prosecuting a case of any size, consumer to complex commercial litigation, contact Rory Donadio, Tribeca Capital Group, LLC, rdonadio@tribecacapllc.com SOURCE Tribeca Capital Group, LLC

The following article is part of an ongoing column titled ‘Investor Insights.’  Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance.  EXECUTIVE SUMARY

• Survey suggests the litigation finance industry has demand for co-investment capital
• Speed to commitment and having a fully funded commitment ranked highest in terms of co-investor characteristics
• Most funders expect a co-investment commitment within less than 4 weeks

INVESTOR INSIGHTS

• While investors might be attracted to co-investment opportunities, diversification is a strong component to successful long-term investing in commercial litigation finance
• Co-investing should only be considered in the context of creating a portfolio, or to add specific exposures to an existing portfolio, but should never be viewed as a single investment

Slingshot Capital and Litigation Finance Journal recently undertook a survey of commercial litigation finance participants to obtain a deeper understanding of the extent to which there is demand for third-party co-investment capital. The survey was distributed globally, with the majority of responses coming from constituents in the USA (50%) and UK (18%) markets, or from funders that invested globally (18%).  Of the responses, 22% were from advisors/intermediaries and 78% were from funders (with the vast majority of funders having dedicated litigation finance funds). Co-Investment in Litigation Finance  Co-investment opportunities are an attractive sub-set of opportunities for many investors in a variety of asset classes, with particular appeal for private equity (buy-out, growth equity, real estate and venture capital) asset classes.  However, in the context of litigation finance, an investor needs to take a different perspective when considering co-investment opportunities. Whereas it may be perfectly acceptable for a family office, endowment or pension plan to co-invest in a specific private equity opportunity as part of their larger portfolio, the quasi-binary nature of litigation finance should make investors think twice about how they approach investing in litigation finance.  The key difference lies in the probability weighted set of outcomes accorded to each asset class. In a private equity buy-out transaction, a high number produce positive results, and the results vary across a spectrum of potential return outcomes (from 1+ X original investment, to a 5+ X original investment). In litigation finance, even though many cases settle before going to court, there tends to be two outcomes – a win or a loss.  The wins are allocated across a tighter spectrum than private equity, and the losses tend to be absolute (with exceptions).  Accordingly, due to the quasi-binary nature of the outcomes of litigation finance, co-investing should only be considered where the investors are committed to assembling a portfolio of such co-investment opportunities, and have the ability to assess the fundamental aspects of litigation finance.  Alternatively, to the extent an investor has existing investments in litigation finance, but is looking to round out his or her portfolio with specific case exposures to achieve a particular portfolio objective, co-investment opportunities may play a role in that investor’s portfolio construction approach. 2020 Co-Investment Survey results are summarized below: Demand Of the 23 respondents, 70% stated they had a need for co-investment capital, whereas 30% did not.  However, 13% indicated that the need for co-investment was occasional, and that sometimes their LPs had pre-emptive rights with respect to investing in those opportunities. Frequency In terms of frequency of co-investment opportunities, almost 50% of respondents indicated they have from 1 to 5 opportunities in a given year, with just over 20% in the 6-10 range, and a few managers indicating they had 20 such opportunities in a given year.  The number of opportunities directly correlated with the size of the funder and the size of the cases they typically finance. Co-Investor Characteristics Regarding the characteristics that are most important in a co-investment partner, speed to commitment and having a funded capital source ranked the highest, with responsiveness and understanding complex litigation also ranking highly.  However, there was not a huge disparity in terms of the importance of the six criteria listed, suggesting that all criteria were factored into their decision-making process. Keep in mind that the compilation of rankings on the chart below is an average of the six criteria, so a high number on the chart should be viewed as being more important (even though that answer drew more 1's and 2's), whereas a low number on the chart should be viewed as less important. For example, 'Speed to Commitment' and 'Having a Funding Capital Source' both received the most 1's and 2's, but their average ranking is the highest and therefore most important.  'Flexible Capital' received the most 6's, but has the lowest average score, and is therefore the least important metric. When we dive further into the ‘speed to commitment’ characteristic, we find the vast majority of respondents expect a commitment within 3-4 weeks.  It remains to be seen if expectations and reality are in alignment, a good question to include in the next survey. Expected Duration With respect to the underwritten expected duration, most fall within the 12-36 month range, which is consistent with duration expectations for the industry as a whole.  However, 30% of respondents did indicate that duration was a function of the type of case being underwritten, with certain case types (patent, international arbitration, etc.) having longer durations and appeal cases having shorter durations. Co-Investment Structuring In terms of insight into how these co-investment transactions are typically structured, the responses varied.  In the ‘other’ category, some respondents indicated they have used a variety of the choices offered, whereas one respondent stated that they received a specified interest in the profits produced by the investment. Current Co-Investors As it relates to where the current co-investment opportunities are being offered, the majority were offered to other funders, suggesting there is a fair amount of cooperation in the litigation finance marketplace.  However, within the ‘other’ category, most respondents suggested it was a combination of all of the choices listed. This brings to a close the results of our first commercial litigation finance co-investment survey.  Slingshot Capital and Litigation Finance Journal would like to thank those that participated in the survey for their time and feedback. Our next survey will cover fundraising initiatives by fund managers in the commercial litigation finance sector. We anticipate making the fundraising survey an annual survey so we can track fundraising activities over time. If you would like to participate in future surveys, please contact Ed Truant here to register your interest. Edward Truant is the founder of Slingshot Capital Inc. and an investor in the consumer and commercial litigation finance industry.