Tag Archive for Joseph Genovesi

Corporate Review Interviews RD Legal Funding President

RD Legal Funding LogoFebruary 4, 2015 Boca Raton, FL — An award-winning TV show focusing on the best and brightest leaders in the business world has turned its eye toward an innovative legal funding firm. A new episode of Corporate Review spotlights Joseph Genovesi, President of RD Legal Funding. The firm is dedicated to helping smaller law firms survive the ups and downs of contingency-based representation.

On February 7, 2015 at 5:30 pm EST, the segment will air on Bloomberg Television (as pd. prog). On February 8, 2015 at 11:30 am EST, the segment will air on the Fox Business Network (as pd. prog). Please check your local listings for airtimes (click here for Fox and click here for Bloomberg).

During his studio interview, Mr. Genovesi discusses the very real cash flow struggles faced by attorneys and legal teams that take their fees on contingency. RD Legal Funding specializes in post-settlement attorney cash flow issues, because many of the financial bottlenecks occur due to delays in settlement payments. Until the plaintiff receives the settlement award, the law firm can do nothing to collect its fee, causing many smaller legal enterprises to be strapped for funds.

Mr. Genovesi explains how delays in settlement payment can occur for a variety of reasons, such as the involvement of a minor in the case, Medicaid or Medicare liens, class action suits, and other complicating factors. This means that settlements may pay off in a completely unpredictable manner, creating nightmarish cash flow problems for contingency attorneys.

RD Legal Funding was founded in 1998 to help solve this serious problem. Once the settlement award has been confirmed, the company steps in to accelerate disbursement of fees to the attorney in the event of a delay. This allows the attorney’s cash flow to continue without major interruptions.

“We’re excited about profiling RD Legal Funding,” says Corporate Review’s Vice President of Programming, J.L. Haber. “Their service makes a huge difference for legal firms struggling with delays in contingency fees.”

About Corporate Review

Corporate Review is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, Corporate Review continues to be the premier and targeted outlet for the latest business and health stories. Corporate Review airs on cable networks to over 100 million potential television households.

For specific market-by-market air dates and times, please contact Monique Healing at 256-840-3020 or Moniqueh@mmpusa.com. For more information, please visit www.corporatereview.tv.

RD Legal Funding Gets Ready for BBBS’ Walk for Kids’ Sake

smiling kids
Joseph Genovesi, President of RD Legal Funding and Board Member for the Big Brothers Big Sisters (BBBS) of Bergen, Morris, Passaic and Sussex, is rallying up the team at RD Legal to participate in the Walk for Kids’ Sake for the second year in a row.

Last year, with the help of friends, family, and the RD team, Genovesi managed to raise over $1,500 for the Walk. This year he hopes to exceed that amount. The walk is being held on October 26th, 2014 at the Wyndham Worldwide Headquarters, 22 Sylvan Way, Parsippany, NJ.

The Walk for Kids’ Sake is an event held annually by BBBS in order to fundraise for its mentorship program and to celebrate its successes. Founded in 1904, BBBS operates in order to inspire, support, and motivate children by offering positive mentoring. Studies conducted by Public/Private Ventures have shown that children with a mentor of some sort are less likely to engage in dangerous, illegal, or otherwise detrimental activities, and are better able to thrive in a family environment.

Genovesi has been an active member of BBBS for over 13 years, and has been on the Bergen, Morris, Passaic and Sussex board since February 2013. He has been a mentor to the same child for over 13 years, and has seen the effects of positive mentoring firsthand.

If you are interested in learning more about BBBS, visit www.northjerseybigs.org. You can support Joseph Genovesi’s team by visiting www.walkforkidssake.org/joegenovesi.

Photo Credit: ToniVC via Compfight cc

Written by Shayna Keyles

Shayna Keyles is a blogger and social media marketer based in Louisville, Kentucky. When not working with RD Legal, she helps small businesses manage their online profiles and explores uncharted areas. You can follow her on Twitter at @SKLiaison or contact her at skeyles@gmail.com.

NJAJ 2014 Boardwalk Seminar Annual Convention

royal flush
Joseph Genovesi and Richard Heilshorn of RD Legal Funding will be exhibiting at the New Jersey Association for Justice Boardwalk Seminar at Bally’s Atlantic City from Wednesday, April 30th through Friday, May 2nd.

This 3 day seminar is exclusively for trial attorneys and is designed to meet their continuing educational requirements. It is possible to earn over 23 MCLE credits, which is about a year’s worth. So if you’re a trial attorney and need to catch up on your MCLE credits, this is the perfect event to attend.

Some of the seminars include:

  • Secret Weapons for Winning MIST Cases
  • Making Rain the Old Fashioned Way: Being a Rainmaker Without Spending the Money
  • Multi-District Litigation: The Good, the Bad, the Ugly
  • Social Media and Trial: The Good, the Bad, and the Ugly
  • The Unholy Trilogy: Talking, Texting and Trucking
  • The Myth of the Mild: Mild Traumatic Brain Injury
  • The Dynamics of Persuasion in Proving Pain and Its Repercussions in Life
  • Structured Attorney Fees
  • Comprehensive Settlement Planning

If you happen to be attending the event, please stop by the RD Legal Funding booth (#67) to say hello and discuss how our post-settlement Fee Acceleration product can improve your cash flow and boost your law firm’s bottom line.

Photo Credit: banspy via Compfight cc

Written by David Smethie

Delayed Legal Fees? Why Legal Fee Funding is Needed for Contingency Lawyers

legal fee fundingLegal fees are the life-blood of contingency law practice. While it is essential for a contingency fee attorney to find a case to try, take that case to court, and successfully litigate on behalf of the plaintiff, all of this will be for naught if the attorney does not receive a fee at the end of the day. Securing a large fee speaks to the skill of the attorney, as the amount that an attorney receives after a case often correlates to the amount procured in settlement. In turn, the fee becomes a marker of an attorney’s reputation – a case that settled for a large amount also awards the attorney a certain amount of respect, in addition to a sizeable fee.

Unfortunately, there are certain cases, such as large class action cases and MDLs, where court procedures are often delays. These delays include, but are not limited to, settlement payouts, and these settlement payouts affect attorneys’ abilities to collect their fees. This is a risk that contingency fee attorneys knowingly take.

As attorneys are constantly in the process of litigating and reviewing cases, it is important to have easy access to frequently available funds. These funds enable attorneys to finance new cases, pay for experts, witnesses, discovery, and cover other expenses. Without funds, attorneys cannot finance cases, and without cases, attorneys cannot get paid. This burden can be amplified if an attorney is still awaiting payments on delayed fees. This catch-22 can become quite a drain on resources unless attorneys seek external funding.

In the best case scenario, attorneys can seek funding from traditional sources such as banks and credit unions. Often larger, more conveniently located, and willing to offer good interest rates, traditional institutions will provide financingcyclone-of-franklins until the delayed fees are paid off. However, these institutions are very difficult to qualify for; their stringent lending standards may exclude even past borrowers. Fortunately, there are alternative funding methods available to contingency fee attorneys. One such alternative is legal fee funding.

Legal funding companies can advance a portion of the attorney’s legal fee, giving them quicker access to funds. Legal funding companies purchase a portion of the money owed from the court, which expedites the funding process. The company will also communicate directly with the often-reluctant defendant and the defendant’s attorneys, and will work out a payment time frame that is quick and efficient. In some cases, attorney fees can appear frozen and locked, but with legal fee funding, lawyers can now access capital and employ it where they deem necessary to grow their businesses.

Payment delays in any business can be fatal. This is especially true for lawyers. Legal funding alleviates the situation so attorneys can get back to doing what they do best.

Written by Joseph Genovesi, President of RD Legal Funding, LLC

2013 NELA Annual Convention

Denver Capital BuildingJoseph Genovesi and Richard Heilshorn will be attending the 2013 National Employment Lawyers Association Annual Convention, entitled The Summit for Workers’ Rights. The event is taking place from June 26-29 at the Sheraton Denver Downtown Hotel. Attendees can expect a collaboration of education, activism, fun, and inspiration, all geared towards providing practical strategies to enhance your law practice.

Some program highlights include:

  • Winning with Written Discovery
  • Recent Developments in Whistleblower Protections and Using Them to Your Client’s Advantage
  • Winning Strategies for Handling Class and Collective Wage and Hour Actions
  • Using the Employer’s Flawed Investigation to Support Your Case
  • Health Care Laws and Their Impact on Employee Rights
  • A Practical Guide to Settlement Negotiations
  • Obtaining Attorneys’ Fees Practically and Ethically

There will also be a 5K run, a talent show, karaoke night, and a Gala fundraiser to support NELA’s advocacy initiatives to advance justice and equality in the American workplace. If you plan on attending, please stop by the RD Legal Funding booth to say hello and discuss how our post-settlement lawsuit financing solutions can improve your firm’s cash flow.

Missouri State Bar 2013 Solo and Small Firm Conference

missouri-capitalJoseph Genovesi and Lulaine Compere of RD Legal Funding will be attending the Missouri State Bar’s 2013 Solo and Small Firm Conference from June 13th-15th. The event is taking place at the Branson Hilton Convention Center with a projected attendance of approximately 950 attorneys.

This award-winning conference is the largest annual gathering of solo and small firm practitioners in the country. Some highlights from the program agenda include:

  • Starting a Law Practice Boot Camp: Technology Issues in Starting a New Practice by Paul Henry of Denlow & Henry.
  • How to Use Social Networking Sites for Investigative Research: What, Why and How by Carole Levitt and Mark Rosch of Internet for Lawyers.
  • Ethics: Quicksand Ethical Hazards for Solos and Small Firms by Robert Kirkland of Kirkland, Woods & Martinsen, PC.
  • Lien on Me: Resolving Lien Issues in PI Cases by Christine A. Alsop.

If you will be attending the event, please stop by the RD Legal Funding booth to say hello and discuss how our post-settlement attorney fee financing solutions can smooth out your cash flow and boost your law firm’s bottom line. We look forward to seeing you there!

Joseph Genovesi Interviewed on LawTalkRadio

Joseph Genovesi, Senior Vice President of Business Development and Origination at RD Legal Funding, was recently interviewed by Nick Augustine on LawTalkRadio. Topics that were covered include:

Below is a recording of the interview. Please leave a comment and let us know what you think!

Listen to internet radio with LawTalkRadio on BlogTalkRadio

RD Legal Offers Funding to Plaintiff’s Attorneys with Hurricane Rita and Hurricane Katrina Settlements

According to news reports, a notification program was announced to inform plaintiffs of how the new claims process will work, including how payments will be calculated. The settlement was revised from its 2008 version. Plaintiffs alleged levees and other flood prevention structures did not work and were not properly maintained.

Hurricane Rita and Hurricane Katrina caused a tremendous amount of damage to the Gulf coast, especially in states like Louisiana and Texas. The cost of both storms was estimated to be over $100 billion with Katrina causing the most damage. For plaintiff’s attorneys involved in this litigation, it can take a long time to receive your hard-earned fees, even after a settlement has been reached. RD Legal Funding, LLC (“RD Legal”) is ready to help bridge the gap between time of settlement and case payout to help plaintiff’s attorneys better manage their cash flow. RD Legal is one of the nation’s leading providers of lawsuit funding to attorneys.

Hurricane Rita Coverage:

Hurricane Katrina Coverage:

During the aftermath of Hurricane Katrina, it became clear that the measures implemented to prevent flooding failed. The combination of a huge storm, defunded projects, and poorly maintained infrastructure devastated the Gulf Coast region. Hurricane Rita followed a month later adding even more devastation.

The damage from both storms was immense and caused many people to evacuate their homes. A class action lawsuit was filed against several districts in Louisiana and their insurance company. The suit was partially settled for about $20 million. According to the website established for plaintiffs seeking a claim, there are three settlement funds established with over $20 million as of November 2012. Approval of the settlement will be determined in September of 2013 by the United States District Court for the Eastern District of Louisiana.

RD Legal can provide plaintiff’s attorneys with Hurricane Rita and Hurricane Katrina settlements with interim post-settlement funding, which provides immediate capital on settlements. Legal funding does not require any kind of payments until the fee is paid; there are no monthly interest or principal payments, no upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within several days. RD Legal provides personalized service and quick turnaround.

For more information about Fee Acceleration, please call Joseph Genovesi at 1-800-565-5177, ext. 140.

Joseph Genovesi to Speak to Villanova’s Pre-Law Society

graduationRD Legal Funding’s SVP Joseph Genovesi will speak to the Pre-Law Society at Villanova University on Wednesday, April 24th. Mr. Genovesi, who graduated from Villanova with a B.S. in Finance in 2001, will address the group about his days as an undergrad and his responsibilities at RD Legal, where he is Senior Vice President of Business Development and Origination.

Read the press release in its entirety at PRNewswire.com.

2013 Mass Torts Made Perfect Seminar in Las Vegas

2013 Mass Torts Made Perfect in Las VegasJoseph Genovesi and Richard Heilshorn of RD Legal Funding will be attending the 2013 Mass Torts Made Perfect seminar in Las Vegas. The event is being held at The Wynn Hotel from April 10th-12th. Over 500 plaintiff’s attorneys from throughout the country are expected to attend.

Mr. Genovesi will be speaking on a panel titled The Business of Law: How to Run a Law Firm in the 21st Century on Wednesday, April 10th from 1:00-4:00 p.m. Topics of discussion include legal finance, medical malpractice insurance, and Medicare set-asides. Other interesting sessions include:

  • How to Choose Your Next Mass Tort: When to Double-Down, When to Walk Away
  • How Attorney Video Marketing Can Transform Your Law Practice
  • Actos Science and Innovation: What You Don’t Know May Surprise You
  • Pelvic Mesh: Class-Wide Defects and Countless Victims
  • Pradaxa: The Silent Killer
  • The Battles that Win the Wars: Settlement Strategies
  • And many others

In addition, there is an opening night gala reception at the XS Nightclub, and comedian Lewis Black will be performing at a Thursday luncheon. If you are attending the event, please stop by the RD Legal booth to say hello and discuss how our post-settlement funding solutions can improve your law firm’s cash flow.