If I asked a Personal Injury lawyer, “Would you consider a business model where you provide money to your clients for free (no interest), you wouldn’t see your money for years, and you have the potential to lose your money?” The answer from all plaintiff lawyers would be a resounding NO!
Now, the perplexing question arises – if lawyers believe this business model is unfavorable, why do they continue to cover their clients’ case expenses? The simple answer is rooted in necessity. If they didn’t step in, who would cover these costs, and how could they effectively build a strong case? For over 50 years, the established norm in the legal sphere has rarely been challenged.
In reality, law firms step up to cover their clients’ costs not because it’s an ideal business model but because clients often lack the financial means to do so independently.
However, there’s a downside to this practice. When a law firm ties up its funds for extended periods, it limits their ability to utilize that capital for the growth of their practice. Imagine discovering that your operating account has a balanced owed to the tune of… $50K, $100K, $250K, or even $500K – but it’s inaccessible due to the constraints of the current business model.
Enter Capital Financing – the game-changer in legal financial strategies. By opting for our services, you can liberate your capital, opening avenues for your firm to grow and thrive. Interested in learning more about how Capital Financing can redefine the way you manage case expenses and supercharge your firm’s growth? Reach out to us at firstname.lastname@example.org or call 404-348-4475, and inquire about our Case Expense Financing program. Let’s discuss how we can empower your firm for success.