Plaintiff Investment Funding (PIF) advances funds to plaintiffs in pending lawsuits. The company was purchased in January 2024 by an experienced management team with a successful track record and more than 30 years of combined experience. This industry is still in early stages of growth with opportunities for expansion.
PIF’s typical client is seeking funding assistance while the litigation process moves along. The client needs money for living expenses and PIF helps with that need pending adjudication of the lawsuit. PIF offers a critical opportunity to clients who contact the company through its referral network of lawyers. The contract between PIF and clients provides that the advance is nonrecourse. To protect its interest, PIF essentially purchases a portion of the lawsuit proceeds equal to the amount owed by the client to PIF. The amount owed is determined through a table set forth in the contract and is based entirely on the length of time the advance remains outstanding.
