Ramtin Ghaneeian, Partner“I interviewed many attorneys to understand how and when they used funding services, what are the things they liked and what could be improved. The consistent feedback was overwhelming,” says Ghaneeian, partner. “There was a need to do something better.”
Recognizing the critical gaps in the funding agreements and the needs of attorneys and plaintiffs, Rockpoint set out to define how legal funding should address the challenges of all the parties involved with speed and transparency.
Today, it is the largest legal funding company on the West Coast and the only one endorsed by Consumer Attorneys of California. Rockpoint provides a non-recourse advance on a plaintiff’s claim, enabling them to use the funds for their needs, such as medical treatments, without the obligation to repay if the case is lost or not settled. Unlike traditional loans, Rockpoint’s advances do not involve credit checks, fixed repayment schedules or collateral guarantees. Plaintiffs can focus on recovery and legal processes free from financial worries.
“Our mission is to foster strong, ongoing relationships with attorneys and provide clients with the funding and support they need,” says Ghaneeian.
Speedy Funding Delivered with Transparency
Rockpoint distinguishes itself with a highly efficient process that enables same-day funding, unlike competitors with long processing times. The rapid turnaround is crucial for clients experiencing time-sensitive financial challenges like eviction. The company’s streamlined procedures and seasoned team ensure prompt and effective support for plaintiffs during crucial moments, addressing their needs with precision.
Rockpoint addresses this by adeptly managing the complexities of the underwriting process and case risks. It offers clear, straightforward agreements, helping plaintiffs and attorneys easily understand repayment terms after settlements. The company also provides financial aid for medical treatments to support clients who lack health insurance, ensuring they can access necessary care.
Our mission is to foster strong, ongoing relationships with attorneys and provide clients with the funding and support they need.
For instance, a plaintiff requiring back surgery after a car accident and struggling financially can find relief with a payment plan to cover living expenses. They can undergo surgery and take the necessary time off from work for recovery.
Transforming Challenges into Opportunities—the Rockpoint Way
Operating strictly as a business-to-business (B2B) company, Rockpoint works directly with attorneys to provide essential financial support to plaintiffs involved in litigation. It ensures that its services meet the needs of both attorneys and plaintiffs. This approach allows it to effectively address common concerns about conventional funding models, offering a more reliable and supportive solution without the need to market to consumers.
A distinct emphasis on flexibility sets it apart from other companies that adopt rigid terms aimed at optimizing returns from individual cases, leading to a lack of an incentive for attorneys. Rockpoint adapts its financial arrangements to meet the specific needs of each case, including negotiating lien paybacks. By focusing on B2B referrals rather than striving to maximize returns from any single case, it encourages effective collaboration with attorneys and ensures its services are a reliable and supportive resource.
Its team’s expertise and dedication are evident in its skillful navigation of the complexities inherent in each case. Over the years, Rockpoint has developed a deep understanding of legal nuances and refined its processes to offer speed and flexibility.
Rockpoint’s commitment to transforming the industry has set a new precedent for tackling the critical issues encountered by plaintiffs and attorneys. It continues to lead the market by providing advanced solutions, ensuring fairness and clarity every step of the way.
