After spending Tuesday touring San Francisco, riding the cable cars to Fisherman’s Wharf, eating a lobster dinner, and buying souvenirs, I started my 2005 ACFA convention on Wednesday. My mantra for the year is education, diversity, and persistence. So I spent all day Wednesday learning about pre-settlement legal financing.

I had heard and read in the Journal that this was the newest and hottest cash flow, and I wanted to learn more. With all the lawsuits out there, a need for pre-settlement legal financing exists. Structured settlement funding will take care of cases already settled, but many plaintiffs that have been injured through the negligence of others do not have the money required to present and maintain their cases effectively through all the necessary stages of litigation. Pre-settlement legal financing helps plaintiffs and their legal counsel to realize the full potential of their claims. This is virtually an untapped market and is worthwhile for consultants to consider as their niche.