The Forge Companies, a provider of financial services to personal injury law firms and the families they serve, has announced a strategic partnership with TA Associates, a global private equity firm. This collaboration aims to bolster Forge’s mission of assisting families through the financial complexities following a personal injury event, while expanding the company’s reach, capabilities, and platform.
Historically, plaintiff attorneys have contended with a fragmented array of providers for structured settlements, trusts, wealth management, and law firm operations. As legal cases grow in size and complexity, this multi-vendor approach has increased administrative burdens and risks for law firms, concurrently leaving families without consistent, long-term financial structures. Established in 2003 and headquartered in Atlanta, Georgia, Forge was created to unify these services into a single platform.
By engaging early in the legal process and coordinating all financial considerations through one integrated team, Forge enables attorneys to operate more efficiently and deliver robust financial outcomes for clients facing significant life changes. The company’s platform encompasses four primary business lines: Forge Consulting, which provides customized structured settlement annuity planning and insurance solutions; Advocacy Wealth Management, offering wealth management and long-term financial planning for injured families; Advocacy Trust, specializing in Special Needs Trust planning and administration; and Forge Capital, which delivers financial services tailored for law firms, including E&O underwriting, IOLTA organization, payroll administration, case cost accounting, plaintiff advance solutions, and enhanced financial reporting.
The partnership with TA Associates reinforces Forge’s capacity to continue investing in the personnel, technology, and infrastructure necessary to support and scale its team-based model. With TA’s backing, Forge intends to strategically expand into new markets, deepen its specialized talent pool, and further strengthen its platform, while maintaining its founder-led structure and foundational mission.
Spooner Phillips, Co-Founder and Chief Executive Officer of Forge, stated, “Forge was founded to help families navigate financial complexity during moments of profound change. Partnering with TA enables us to extend our platform to even more families, providing long-term support when it matters most.”
Cory Phillips, Co-Founder and President of Forge, added, “From the beginning, Forge has focused on building an integrated platform to address the fragmentation inherent in settlement planning and related financial services. TA’s experience partnering with founder-led businesses, combined with a deep understanding of the wealth management and insurance industries, makes them a strong partner as we continue to expand our capabilities and resources.”
Michael Berk, Managing Director and Co-Head of TA’s North America Services Group, commented, “Forge has developed a highly differentiated platform that combines specialized financial expertise with a clear commitment to serving families at critical points in their lives. We are excited to partner with Spooner, Cory, and the entire Forge team to support the Company’s continued evolution and deepen its impact across the U.
S.”
Hunter Fortney, Senior Vice President at TA, further noted, “We believe Forge’s mission-driven culture, breadth of capabilities, and thoughtful approach to growth position the Company well for its next chapter. We look forward to supporting Forge as it expands its geographic presence, introduces complementary offerings, and continues investing in the platform and people it serves.”
Ropes & Gray LLP served as legal advisor to TA, while DLA Piper LLP advised The Forge Companies. The financial terms of the transaction were not disclosed.
