The household financial pressures caused by an economic downturn can exacerbate marital strife, causing a spike in the divorce rate, experts say. That means more business for divorce lawyers - but often a more damaging split for the parties from a financial perspective. And this can make the cases much tougher to handle.Read More »
Attorneys waiting for settlement payments are often caught in a cash flow squeeze that forces some tough choices: Do they trim staff? Cut back on litigation costs? Or, worst of all, turn away a promising case? None of those choices are attractive, but with the downturn in the economy, more attorneys find themselves facing them. "A lot of lawyers are having a hard time," said Ron Dersovitz, a New Jersey lawyer-turned-financier. His company, RD Legal Funding, offers a solution to his cash-strapped colleagues: cash advances on signed settlement agreements for a fee, depending on how long it takes the attorney to repay the advance.
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David Kaufman has never been one to take the straight road to success. He started his career as a Ph.D. economist, decided to go to law school at age 40, spent a grand total of six months in a big ...Read More »