NEW YORK, June 19, 2014 /PRNewswire-iReach/ -- NYC-based technology startup Legal Funding Central announced today the launch of its news and information site LFC360. The site aims to be a resource for everything related to legal funding including news, information, tools and more.
Legal funding is the general term for any type of financial transaction where a party's interest in a lawsuit is used as a basis for obtaining financing. In legal funding's most basic and common form, a plaintiff sells a small stake in the outcome of his or her lawsuit to a third party funder for upfront money. In the U.S. alone, legal funding has emerged as a multi-billion dollar industry with hundreds of companies (including some that are publicly traded) investing in a variety of cases, including attorney funding, patent funding, commercial funding, and personal injury funding. Yet despite the industry's growth in recent years, the demand for funding still far outpaces the supply.
Before LFC360, there had been no central resource that interested parties could turn to in order to stay up-to-date on legal funding news and learn exactly how the many types of legal funding transactions work.
With today's launch, LFC360 introduces five "Beginner's Guides," each focusing on an important topic related to legal funding. For example, the Beginner's Guide to Commercial Litigation Finance can help inform a business of any size of its options for financing a lawsuit. In the past, many companies that had valid legal claims against larger companies may not have pursued them because they lacked the upfront capital to pay, for instance, attorney's fees and costs, which can sometimes be millions of dollars. But now legal funding gives them another option, and LFC360 gives them the information to understand that option.
Legal Funding Central co-founder Dylan Beynon said, "We've had so many people ask us to help fill the information void related to legal funding. There is so much interest in legal funding, and so many people are being helped by it, but in large part people have been going about it blindly. That's going to change. Not only are we excited by the information and resources we're releasing today, but over the next few months we plan to release almost twice as much."
LFC360 educates the world about legal funding by providing up-to-date news, information, and resources.
For more information, visit http://legalfundingcentral.com/lfc360
Media Contact: Dylan Beynon, Legal Funding Central, (800) 804-4066, email@example.com
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SOURCE Legal Funding Central