In the realm of Pre-Settlement Funding, the era where plaintiffs were willing to wait two years for their potential settlement funds has passed. Factors such as prolonged court proceedings, resistance from insurance companies, and plaintiffs requiring surgery to improve their quality of life before receiving a rightful settlement due to defendant negligence have all contributed to the prominence of non-recourse advances in personal injury cases.
Over the past ten years, Jordan Cohen, Esq. has been general counsel for one of the leaders in this industry in which he has built a very successful and innovative Pre-Settlement Funding company. In addition, he has been a consultant for eleven other funding companies, building them from infancy to sale and/or handling all underwriting, lien management and collections. The accomplishments with his clients include without limitation:
- $700mm+ in plaintiff litigation funding and $ 300mm+ in medical funding regarding origination, lien management, portfolio management and underwriting.
- 12+ years consulting Plaintiff Litigation and Medical Funding companies.
- $350mm + managed in structured portfolio sale/forward flow agreements for a plaintiff litigation and medical funding company based in New York.
- $350 mm+ raised in structured portfolio sale/forward flow agreements for a pre-settlement and medical receivable funding company based in New Jersey.
- Negotiated senior and junior credit facilities for a non-recourse funding company and facilitated the sale of the company to a private family office.
- $500 mm + facilitated in equity and debit raises for numerous Pre-Settlement Funding companies including those based in CA, NY, NJ, PA, MN and FL.