TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 24, 2024
Source: PR Newswire
WASHINGTON, Oct. 23, 2024 /PRNewswire/ -- Lawfty, the data-powered personal injury law firm that offers a clear advantage for personal injury clients and firms, today announces $40 million in debt financing led by CoVenture Management LLC ("CoVenture"). This financing will further accelerate the development of Lawfty's data-powered business, empowering law firms to capitalize on opportunities emerging in the legal space and personal injury clients to seek the justice they deserve.
For the last decade, Lawfty technology has been aggregating data from each and every personal injury lead, from inquiry to settlement, giving them unprecedented insight into what cases monetize for, and what clients and cases are best suited for Lawfty and its partner firms. Furthering this insights-driven approach, Lawfty co-signs every case to align their interests with both clients and firms.
Building a law firm upon a foundation of technology uniquely positions Lawfty to identify the top-tier lawyers and firms nationwide, analyze cases ongoing to ensure ideal outcomes, and bring certainty to personal injury clients and cases at scale.
"We are committed to developing technology to drive better outcomes for personal injury victims and law firms alike," said Todd Richheimer, CEO of Lawfty. "It's an exciting time and we're thrilled to have CoVenture's support as we enhance and expand our reach. This investment further allows us to deliver exceptional legal representation, contributing to improved outcomes for personal injury victims."
"We are excited to be partnering with Lawfty," said Michael Breitstein, Partner at Coventure. "We believe that Todd's leadership, coupled with Lawfty's innovative, tech-focused approach will help bridge a critical gap in the industry for both clients and law firms. We look forward to supporting Lawfty's growth as it continues to scale operations while redefining personal injury."
Since being founded in 2013, Lawfty has helped over 57,000 personal injury clients and is closing in on a billion dollars of settlement value created, demonstrating the power of its technology.
About Lawfty
Lawfty is a nationwide law firm that leverages over a decade of proprietary case data, technology, analytics, marketing, and financial savvy to generate cases, improve liquidity, and help predict revenue for its law firm partners, while ensuring maximum compensation and compassion for clients.
About CoVenture
CoVenture is a privately held alternative asset management firm focused on direct credit opportunities and credit-oriented investments in early and later-stage companies. The firm has two primary areas of focus: Credit Opportunities, which CoVenture provides asset-backed debt capital to technology-driven companies; and Hybrid Capital Solutions, a flexible mandate to make bespoke investments in later-stage businesses seeking growth capital or non-traditional liquidity solutions. For media inquiries, please contact: ir@coventure.vc