What HMR Servicing does

HMR Servicing, LLC is a Richmond, Virginia-based litigation funding company founded in 2013 that specializes in financing personal injury cases, particularly catastrophic injuries such as traumatic brain injuries and spinal cord damage. The company operates a multi-product funding platform serving two intertwined customer segments: uninsured or underinsured personal injury plaintiffs who cannot afford medical treatment or living expenses during litigation, and the plaintiff attorneys who represent them. HMR's core products include Medical Funding (purchasing medical receivables from healthcare providers at a discount and holding liens until cases settle), Pre-Settlement Funding (non-recourse cash advances to plaintiffs against anticipated settlements), and Case Cost Funding (capital for expert witnesses, life care plans, and litigation expenses). In February 2026, HMR expanded the platform with Post-Settlement Funding, Post-Verdict Funding, and a Revolving Line of Credit for Law Firms.

HMR generates revenue through transaction-based fees embedded in the funding arrangements—earning the spread between its discounted purchase of medical receivables or advances and the ultimate settlement proceeds, plus interest and fees on case cost and pre-settlement funding. Its go-to-market is sales-led and exclusively B2B: HMR does not market directly to plaintiffs but rather cultivates relationships with personal injury attorneys through an attorney portal (portal.hmrservicing.com), regional field managers, a toll-free number, and a presence at legal industry conferences sponsored or supported by AAJ, Trial Lawyers University, CAOC, NAPLA, ARC, and the Brain Injury Association of America.

The company operates as a privately held LLC with no disclosed institutional investors, parent company, or funding rounds. HMR reports it has worked with 1,000+ attorneys and 1,500+ medical providers across all five US regions, deployed $250M+ in cumulative funding across 11,000+ cases, and serves 36 states (Arkansas, Colorado, Connecticut, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Nevada, North Dakota, South Carolina, Vermont, and West Virginia are excluded). Core technology is described as not applicable—the business is fundamentally a financial services and relationship business, with underwriting performed on individual case merits rather than automated decisioning, and no proprietary AI/ML, API, or SDK infrastructure disclosed.

Name

HMR Servicing

Legal name

HMR Servicing, LLC

Website

https://hmrservicing.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

HMR Servicing is a Richmond, Virginia-based litigation funding company that provides medical bill purchasing, pre-settlement advances, and case cost financing to plaintiff attorneys and uninsured personal injury plaintiffs nationwide, with a specialization in catastrophic injury cases.

Ownership category

akta.pro rank

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Medical Bill Purchasing: HMR purchases medical bills from healthcare providers at a discount, holding liens until personal injury cases settle. Providers receive immediate payment while HMR waits for case resolution to be repaid from settlement proceeds.
2. Pre-Settlement Funding: HMR provides advances to plaintiffs against their expected settlement or verdict. This is non-recourse funding—if the case is lost, the plaintiff owes nothing. Revenue is generated through the purchase of a portion of the future settlement at a discount.
3. Case Cost Funding: HMR provides funding to attorneys for litigation expenses including expert witnesses, life care plans, accident reconstruction, and other case costs. Unlike competitors, HMR underwrites individual cases on their merits rather than requiring the attorney's entire case portfolio as collateral.
4. Post-Settlement and Post-Verdict Funding: New funding products providing capital after a case resolves but before funds are distributed, bridging gaps in disbursement timelines.
5. Revolving Line of Credit for Law Firms: Ongoing credit facility for law firms to fund experts, discovery, staffing, and growth initiatives without disrupting internal cash flow.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

HMR Servicing is a full-service medical funding company that purchases medical receivables from healthcare providers at a discount and holds liens until personal injury cases resolve. The company provides plaintiffs with non-recourse pre-settlement advances and funds attorneys' litigation case costs including expert witnesses and accident reconstruction. Its multi-product platform combines medical bill purchasing, pre-settlement funding, case cost funding, post-settlement funding, post-verdict funding, and revolving lines of credit for law firms.

Product overview

HMR Servicing is a plaintiff-oriented medical funding company offering litigation funding solutions for catastrophic personal injury cases. The company operates a multi-product platform consisting of Medical Funding (purchasing medical bills from providers for uninsured/underinsured plaintiffs), Pre-Settlement Funding (non-recourse advances for living expenses), and Case Cost Funding (for expert witnesses and litigation costs). Recent expansions in February 2026 added Post-Settlement Funding, Post-Verdict Funding, and a Revolving Line of Credit for Law Firms. Unlike competitors, HMR underwrites individual cases on their merits without requiring attorneys to collateralize their entire case portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Funding HMR purchases medical bills from healthcare providers at a discount and holds liens until personal injury cases resolve, allowing uninsured or underinsured plaintiffs to receive medical treatment without upfront payment. Designed for personal injury plaintiffs and the attorneys representing them.
• Pre-Settlement Funding Non-recourse advances against pending lawsuit settlements or verdicts to help plaintiffs cover living expenses, medical bills, and basic needs during litigation. Plaintiffs owe nothing if they lose their case. Minimum repayment period is 6 months.
• Case Cost Funding Funding for litigation expenses including expert witnesses, life care plans, accident reconstruction, and other case costs. HMR underwrites individual cases on their merits without requiring attorneys to collateralize their entire case portfolio. Recognized as Best Case Cost Funding Company by Attorney at Law Magazine in 2023.
• Post-Settlement Funding Immediate access to capital after a case resolves but before funds are distributed, allowing plaintiffs and attorneys to bridge financial gaps during the disbursement period.
• Post-Verdict Funding Immediate capital access after a verdict is rendered but before funds are distributed, helping plaintiffs and attorneys manage cash flow during the disbursement period.
• Revolving Line of Credit for Law Firms Ongoing credit facility for law firms to fund experts, discovery, staffing, and growth initiatives without disrupting internal cash flow. Part of HMR's expanded funding platform for plaintiff personal injury firms.

Quantifiable outcome

• 11,000+ injured victims helped with medical funding
• +2 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and secondary.

• Trial Lawyers University (TLU)coreGTM or Marketing PartnerHMR sponsors TLU events including TLU Live conferences where they host networking activities like the Ping Pong Showdown. TLU provides educational content for trial lawyers and serves as a key channel for HMR to reach plaintiff attorneys.
• Consumer Attorneys of California (CAOC)coreGTM or Marketing PartnerHMR is listed as a proud member of CAOC, a major state trial lawyer association. Partnership provides visibility among California plaintiff attorneys.
• Connectionology Seminars of AmericacoreStrategic or Co-development PartnerHMR co-produces podcasts and webinars with Connectionology, including educational content on TBI litigation, medical funding, and case strategy. Connectionology was founded by John Romano, a prominent plaintiff attorney.
• Alliance for Responsible Consumer Legal Funding (ARC)coreStrategic or Co-development PartnerHMR is a member of ARC, a trade association established to preserve consumer legal funding options. ARC promotes practices and regulations for informed decisions between individuals and their attorneys. HMR participates in advocacy efforts to protect litigation funding access.
• American Association for Justice (AAJ)coreGTM or Marketing PartnerHMR is listed as supporting AAJ, the premier national trial lawyer association. AAJ provides educational resources and advocacy for plaintiff attorneys, creating a key channel for HMR visibility.
• National Association of Premises Liability Attorneys (NAPLA)secondaryGTM or Marketing PartnerHMR supports NAPLA, the first and only national organization for trial attorneys handling premises liability cases. Partnership aligns with HMR's focus on catastrophic injury cases.
• Plaintiff FundsecondaryStrategic or Co-development PartnerHMR is a sponsor of the Plaintiff Fund, a charity that helps injured individuals raise funds for medical expenses while preserving eligibility for public benefits. HMR contributes alongside Plaintiff Fund to address gaps in plaintiff financial support.
• Help Hope LivesecondaryStrategic or Co-development PartnerThrough the Plaintiff Fund partnership, HMR connects with Help Hope Live, which provides campaign coordination and fundraising support for plaintiffs needing medical assistance.
• Brain Injury Association of America (BIAA)secondaryGTM or Marketing PartnerHMR supports BIAA resources including TBIMedLegal video platform with TBI-focused educational webinars, aligning with HMR's specialization in traumatic brain injury cases.
• CNS (Concussion Neuroskills)secondaryStrategic or Co-development PartnerHMR partnered with CNS to produce TBI CLE programming for the Capitol City Trial Lawyers Association, providing educational content on concussion and brain injury cases.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Burford Capital: Largest publicly traded commercial litigation finance firm with growing exposure to mass tort/consumer legal funding — a broad incumbent whose entry threatens HMR's market from above.
• Omni Bridgeway: Global publicly listed litigation funder with diversified commercial and consumer legal funding exposure — relevant as a broad incumbent moving progressively into PI/consumer markets competitive with HMR.

Direct peers

• Oasis Financial: Established consumer pre-settlement and case-cost funding company serving personal injury plaintiffs and attorneys nationwide — directly comparable to HMR's core medical and pre-settlement funding products.
• Nova Legal Funding: Consumer pre-settlement funding company targeting personal injury cases with non-recourse advances — directly competitive with HMR's pre-settlement offering and similar GTM toward plaintiff attorneys.
• LawCash: Consumer pre-settlement funding provider focused on personal injury plaintiffs, offering non-recourse advances against pending settlements — directly competitive with HMR's Pre-Settlement Funding product.
• Counsel Financial: Specialty finance provider offering lines of credit and case cost funding to plaintiff law firms — closely comparable to HMR's Revolving Line of Credit for Law Firms and Case Cost Funding products.
• BFS Capital: Pre-settlement and consumer legal funding company serving personal injury cases nationwide — directly comparable on product mix (pre-settlement advances) and target customer (PI attorneys and plaintiffs).
• Best Legal Funding: National consumer legal funding company offering pre-settlement cash advances to PI plaintiffs — directly comparable in product, customer segment, and sales-led GTM motion.
• American Legal Funding: Plaintiff-focused pre-settlement and case cost funding company serving personal injury attorneys and clients — directly comparable to HMR's case cost funding and pre-settlement products.

Emerging players

• Medval: Medical lien management and resolution company that purchases medical receivables from healthcare providers in PI cases — directly adjacent to HMR's Medical Funding product and a partial-overlap emerging peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hmr-servicing

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HMR Servicing