“As an organization committed to providing business strategies and practical solutions to corporate leaders, TEI is acutely aware of the consequences for a company embroiled in a lawsuit as the plaintiff that leads to costly litigation, limited options and steals management time. It is therefore with great pleasure that we introduce you to a unique new legal resource from the LawFund Management Group, LLC (LFMG) that “offers a way to keep the company active.”

LFMG’s services are available to aggrieved parties who believe they have suffered substantial damages.

Under its design, LFMG selects and accepts qualifying cases on a contingency fee basis; contracts with outside attorneys with expertise relevant to the cases, on an hourly fee basis to litigate the case; oversees the litigation and management of the case to its conclusion; monitors the case, including all attorneys’ activities and billings and participates in all settlement negotiations.

“Too many individuals and businesses find it increasingly difficult to recover their damages,” explains Herbert Dodell, LFMG’s legal counsel. “Litigation is expensive and “deep pocket” defendants know how to delay and avoid the process. Aggrieved parties often don’t have the funds or, in the case of mid-market businesses, the time to attend to the case and conduct business as usual.

Dodell emphasizes that LFMG is not a law firm. “But, unlike legal funding companies that lend money to plaintiffs or lawyers pre-litigation, either for a percentage, flat fees or high interest rate, LFMG provides the case management and services of a high quality and prominent law firm for the cases it selects.”

Additionally, LFMG has developed proprietary system that issues a CES (Case Evaluation System) score to each case submitted for evaluation similar to a FICO score. “The accuracy this technology provides our case selection is incredible,” Dodell states. “Further, it systematizes over 100 years of the combined experience of LFMG’s legal counsel and contributing experts making it an invaluable research tool.”

LFMG takes cases referred from law firms that do not accept contingency fee cases; attorneys or law firms that do not have the expertise, experience or financial capability to take such a case; accountants or financial advisors whose clients require legal representation. No cases are accepted unless formally submitted by an attorney and accepted by the LFMG selection committee.

As an added perk, TEI itself benefits through LFMG’s Sharing With Others giving program for nonprofit and charitable organizations. Here’s how it works: For every case a TEI member or friend refers to LFMG, it will donate a percentage of its net profits to nonprofits on its website including TEI as well as a percentage of awards of punitive damages for each case referred by a member or friend of TEI. If the case doesn’t meet LFMG’s stringent requirements it will be referred to a qualified law firm that accepts this kind of case on a contingency fee basis. In return, the claimant is required to donate two percent (2%) of the monies he or she receives. Further, all consultants involved in the case must donate two percent (2%) of their fees to TEI. It’s a win-win for everyone.

For more detailed information, click on the LawFund Management Group website, www.lfmg.net. or call the TEI office.