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Real-World Examples and Statistics
The demand for personal injury settlement funding has been steadily increasing. According to a report by the American Bar Association, the average duration of personal injury cases can extend from months to several years, creating a significant need for interim financial solutions1. Furthermore, a study by the Consumer Financial Protection Bureau highlights that over 60% of plaintiffs who sought funding reported improved financial stability, allowing them to focus on their recovery and legal battles2. These statistics underscore the importance and impact of settlement funding in the legal landscape.