Far too often, we come across stories of young lawyers who, despite possessing the skills to handle complex commercial tractor-trailer cases, end up passing them to other law firms. It’s not a matter of lacking expertise; rather, it’s due to their inability to afford the costs associated with managing such cases. This decision comes at a cost – these talented lawyers end up making a reduced contingency fee on a case where they could have earned the full 100%. The lack of substantial capital in a law firm can lead to numerous challenges, including cash flow issues. As a law firm expands, the need for capital becomes crucial not only to cover operational costs but also to invest in cases and achieve desired outcomes.
For many personal injury lawyers, finding a solution seems elusive. Attempts to secure bank loans often hit roadblocks, with low limits, credit issues, firm history, or lack of collateral hindering qualification. Until the advent of Capital Financing, contingency lawyers had no alternative. The model of relying on the operating account or a line of credit remained unchallenged until Capital Financing challenged the status quo.
Interested in discovering a more innovative way to cover case expenses without resorting to a bank line of credit or depleting your operating account? Reach out to us at email@example.com or call 404-348-4475. Ask to speak with us about our Case Expense Financing program, and let’s explore how Capital Financing can redefine the way your law firm handles case expenses.