

This product is a powerful tool for attorneys and firms who need capital
to fund or grow their practice. Pending cases can demand a significant
investment of time, office resources and the advancement of substantial
sums for case-related costs. These types of law practices can
experience cash-flow challenges; earned fees from one case may have
to be used to fund others. When coupled with court scheduling or fee
payment delays, even conservatively-managed firms may encounter
cash flow problems. Litigation Financing can provide stability.
Unlike traditional bank loans, which require personal guarantees and
hard assets to collateralize a loan, we value the law firm's case portfolio
and its future fee income. Entire portfolios or a selective number of
cases can be underwritten and the provided with a limited-recourse loan,
with the firm's case(s) as loan collateral. Law firm loans are based on the
value of the cases, not on personal collateral or guarantees.
There are many benefits of choosing a law firm loan:
Substantial Advances: A law firm loan gives you access to millions of
dollars. Loans are available from $100,000 to over $10,000,000.
Maximize case values: A law firm loan gives a firm the latitude to
obtain the best expert witnesses, time to conduct breakthrough discovery
and the ability to hire the personnel need to manage litigation. With more
and better resources, the attorney/firm can increase potential for winning
litigation or negotiating the best settlement.
Cash Flow Management: Use the money for fixed and variable costs
such as payroll and operating expenses or to pay debt. Funds may be
used to take on new cases before current litigation is settled.
Limit risk and protect your personal assets: A law firm loan is limited
recourse, which means that no liens are filed on the attorney's personal
assets, provided they fulfil the contract, since the loan is based on the
law firm's receivables
Retain Full Control: Maintain full control of your practice, there is no
expectation or consideration of any involvement in the management or
litigation of a case portfolio
Possibly charge the interest to case expenses: Depending on the
attorney's/firm jurisdiction, they may be able to charge the interest from a
law loan (or a portion thereof) as case expenses
Keep your entire fee: A law firm loan allows a firm to accept excellent
new cases with potential for successful outcomes and can eliminate the
need to partner with another legal firm on major cases.
Negotiable terms: Each loan is different in some respect due to the
unique needs of each practice and unique cases.
No liens on non-business property
No personal guarantees required
Quick and Easy Process or Request an Application

Law Firm Loans