Settlement Services
As the only National Bank built exclusively for the legal community, we are perfectly positioned to help your firm manage the entire settlement lifecycle. Our program is headed by a former Administrator and has processed hundreds of settlements and over 3 billion dollars in deposits. Whether you are a law firm looking to administer your own Qualified Settlement Fund (QSF), or a Third-Party Administrator handling a Global MDL Settlement, Esquire Bank has a full suite of services to cover your banking needs.
Our program handles QSF deposits for:
Inventory Settlements and MDL Global Settlements.
MDL Fee/Expense Accounts
Common Benefit Accounts
Sub-Qualified Settlement Funds
Class Action Settlements
General Litigation Settlement Fund Banking
Program Features
Esquire Bank’s Settlement Services has products and services tailored to manage the full settlement life cycle. Our industry professionals can:
Features
Assist in drafting settlement motions and court order language
Provide dynamic distribution options for law firms and direct to claimant payments
Offer Treasury Management and Escrow Solutions that provide industry leading flexibility in investment options – with a continued focus on principle preservation
Produce customized reports for investment proceeds forecasting
Protect your settlement with state-of-the-art fraud controls and risk mitigation
Deliver customized balance reports to courts and auditors/defense counsel
Develop Integrated lending opportunities for administrators, law firms, and claimants
White Glove Service – Our program administrators can assist you at every stage of the settlement, from account set up to winding down the QSF
Esquire Bank Settlement Services’ white glove service approach gives you direct access to senior leadership. Reach out today to speak with a dedicated member of our team.
QSFOperations@esqbank.com – (516) 535 -2002
Paul Foxhoven – QSF Manager | Ari Kornhaber – EVP and Head of Corporate Development
Sean Miller – Senior Managing Director Retail | Ave Doyle Senior Vice President
