How Fair Plaintiff Funding Supports Better Case Outcomes With Rachel McCarthy
Welcome to episode 335 of Grow Your Law Firm, hosted by Ken Hardison. In this episode, Ken sits down with Rachel McCarthy, Executive Director of The Milestone Foundation, a nonprofit organization that provides low-cost pre-settlement and post-settlement funding to plaintiffs across the country. Rachel shares how the Foundation was created to offer an alternative to high-interest funding models and help injured individuals navigate financial hardship while pursuing their legal cases. The conversation focuses on the role plaintiff funding plays in access to justice and how the right funding structure can benefit both plaintiffs and attorneys. Rachel explains how the nonprofit model works, why the Foundation offers simple interest rates significantly below many traditional providers, and how funding can help plaintiffs avoid settling cases prematurely due to financial pressure. She also discusses the importance of attorney involvement in the process and why firms should evaluate funding options carefully when guiding clients. What you'll learn in this episode: How Nonprofit Plaintiff Funding Works - How the Milestone Foundation provides pre-settlement and post-settlement funding - Why the nonprofit structure allows for lower simple interest rates Why Fair Funding Matters - How high-interest funding can negatively impact plaintiffs and settlements - Why lower-cost funding can improve financial stability during litigation The Connection Between Funding and Case Outcomes - How financial pressure can force plaintiffs into early settlements - Why funding can help attorneys fully pursue case value Evaluating Funding Options for Clients - Why attorneys should understand the terms and costs of funding providers - How different firms may negotiate different rates for clients Why Litigation Timelines Are Increasing - How more personal injury cases are moving into litigation - Why insurance company delays can extend case timelines and increase pressure Resources: Website: themilestonefoundation.org LinkedIn: linkedin.com/company/the-milestone-foundation Facebook: facebook.com/TheMilestoneFdn Instagram: instagram.com/themilestonefoundation Additional Resources: https://www.pilmma.org/the-mastermind-effect https://www.pilmma.org/resources https://www.pilmma.org/mastermind
