Today, data is used everywhere. The latest example is insurance companies gathering driver performance data to defend motor vehicle cases, data that in some cases were volunteered to them by car owners. A recent article from the New York Times, titled Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies1 shows how that data can present serious questions for personal injury lawyers and their clients in motor vehicle accident cases. Automakers Share Driver Performance Data With Insurers The recent Times article reports that some automakers are now sharing very detailed dat ..read more

From a financial point of view, personal injury lawyers who prosecute claims are managing a portfolio of assets. To be successful asset managers, lawyers must optimize the returns for their clients while also making a profit for themselves. To optimize returns, attorneys must consider not only their ongoing cost of pursuing a claim. They must also calculate the time value of money – the value of recovering money today compared to receiving that money in the future. This article discusses how lawyers can use Cartiga’s legal funding to calculate the time value of money in their cases, and better ..read more

Almost one year ago, Florida enacted a tort reform law that limits the admissible evidence of medical charges that can prove recoverable damages in personal injury cases. Our assessment of that law remains the same ten months later: Using Cartiga’s medical funding to pay the charges for a client’s medical care direct to the provider creates the strong admissible evidence required under the new Florida law.1 Moreover, using Cartiga’s medical funding should rebut the defense argument that admissible evidence is limited to applicable Medicare and Medicaid rates. By contrast, letters of protection ..read more

Cartiga provides consumer legal funding to individuals pursuing legal claims so they can pay personal and medical bills while waiting for recovery. In exchange, Cartiga receives an ownership interest in any proceeds recovered on those claims. This funding transaction is a simple purchase and sale.  Legal claimants sell to Cartiga an ownership interest in the assets they hold (i.e. their potential to recover money on their claim). Cartiga purchases that ownership interest by providing legal funding dollars to the claimants.1 The return on the ownership interest that Cartiga purchases is no ..read more

Research shows that the costs of Cartiga’s consumer legal funding are outweighed by the significant funding benefits and that those costs are reasonable compared to alternative sources of money. Nevertheless, some ask whether the costs of funding are justified by the risks assumed by Cartiga. This article explains why the costs are well-justified. The Risk of Loss The costs of legal funding are justified in part by the “risk of loss” assumed by Cartiga; that is, the risk that claimants will lose their lawsuit or otherwise not recover on their legal claim..1 If that risk occurs, and there is no ..read more

ATLANTA, GA, December 13, 2023— Cartiga, a leading provider of legal pre-settlement funding and working capital to law firms, is excited to announce its Business of Law Workshop, a transformative one-day event designed to empower attorneys with the knowledge and skills needed to grow and scale a successful law practice. Scheduled for January 10, 2024, from 10 am to 5 pm at the prestigious Bank of America Plaza in downtown Atlanta, GA, the workshop will bring together experts from key facets of running a law firm, including Legal, Marketing, Finance, and Medical. The event aims to revolutionize ..read more

Legal and economic research shows that consumer legal funding offers compelling benefits to claimants pursuing legal claims.1 This article explains in detail why Cartiga’s funding benefits are so compelling and how these benefits create significant litigation advantages for consumers. Benefits of Liquidity Consumers benefit from funding if they need more money to pay personal or medical bills. Funding gives consumers “liquidity” (access to a source of funds) to pay those bills that cannot wait and to keep their lives intact. These funds are critical for consumers whose personal injuries have k ..read more

Using consumer legal funding to pay medical expenses can significantly benefit a plaintiff’s personal injury case. That funding, known as “medical funding,” will: help ensure greater recovery on claims provide admissible evidence of economic damages and pain and suffering limit attacks on the credibility of the expert medical provider testifying regarding the necessary expenses incurred Medical Expenses Are a Critical Component of Personal Injury Damages Proving past and future medical expense damages with admissible evidence is critical in a plaintiff’s personal injury case. A lot of money ..read more

Our previous articles have demonstrated why the benefits of Cartiga’s consumer legal funding outweigh the true cost of funding,[i]  and how those benefits are enhanced by Cartiga’s transparency and its management of funding costs for optimal results. Just as important is the evidence that consumer legal funding increases recoveries for plaintiffs in personal injury cases. That evidence shows that claimants who use consumer funding enjoy a financial “return” in addition to the other benefits. Insurance Industry Data Show That Funding Results in Higher Recoveries Legal and economic experts ..read more

Atlanta, GA August 23rd, 2023 Betty Aquino, Senior VP and Head of Business Development at Cartiga, proudly unveils the Women in Leadership (WIL) program. This groundbreaking initiative, aimed at empowering women in the legal sector, will debut in Atlanta in collaboration with Bader Scott Injury Lawyers. The inaugural event will be on September 7th, 2023, at the Bader Scott Injury Lawyers firm in Buckhead. It offers a vibrant platform for legal professionals to connect, share ideas, and gain insights from esteemed mentors. The program strives to enhance career growth, leadership, and succe ..read more