One of the biggest roadblocks that contingent-fee lawyers may face when taking on a new case is paying for case expenses out of their own pocket while maintaining their firm’s cash flow. One of the best ways to overcome this challenge is case expense financing.
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Advocate Capital, Inc.
Litigation Financing
Better Results
The AdvoTrac® Case Expense Funding Service
Are you still using your firm’s after-tax profits to fund your advanced case costs? There is a better way. Since 1999, our AdvoTrac® Case Expense Funding Service has helped successful law firms get even better results for their clients. Our proprietary technology tracks borrowing costs case-by-case, allowing our clients the ability to pass through the borrowing costs directly to their case resulting in a net cost to their firm of less than 1% per year, and ZERO for those cases they win. Our clients have maximized their case efficiency, shortened their close time, and stabilized their cash flow. Update your fee agreement language today and contact us with questions.
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Advocate Capital, Inc.
One Vantage Way, Suite C-200
Nashville, TN 37228
* In most jurisdictions, a law firm can recover finance charges related to funding case expenses from case awards, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc. has the proprietary AdvoTrac® expense tracking system and service team that allows firms to easily comply with allocation and reporting requirements. So, for example, if a firm recovers at least 90% of its advanced case expenses, like most of our clients, the annual net cost of funds is very small-typically less than 1%. Contact us to discuss how our program can work for your firm. All loans are subject to credit approval, and terms and conditions may vary.
Financial Services provided through Pinnacle Bank, a Tennessee Bank, which is a Member FDIC and Equal Housing Lender. Loans may be subject to credit approval.
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