Advocate Capital, Inc. Law Firm Financing Blog

Law Practice Management Stories

Kineticorp’s Forensic Science Roundtable Featuring Michael J. Swanson

 

On the air MicRecently Advocate Capital, Inc. CEO & President, Michael J. Swanson was featured in Kineticorp’s, “Forensic Science Round Table” podcast. Kineticorp’s Director of Expert Relations Justin Holderness and Michael J. Swanson discussed Advocate Capital’s purpose to help personal injury attorneys.

 

Justin Holderness is the Director of Expert Relations at Kineticorp, which is an experienced firm with an innovative approach to accident reconstruction.

 

Without further ado, we invite you to learn more about Advocate Capital in the podcast episode of Kineticorp’s Forensic Science Roundtable here.

 

For more information on Kineticorp, click here.

 

 

Photo Credit: Maksym Yemelyanov
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Managing Your Growing Law Firm for Success Webinar

 

Mike Swanson 2017Join President and CEO Michael J. Swanson in a free webinar event next week.

 

On Wednesday, October 25th, Mike will talk about “Managing Your Growing Law Firm for Success.”

 

The webinar will give you tools to take full control of your financial statements, business metrics and HR management.

 

Mike is looking forward to helping you unlock the door to your firm’s success through proper capitalization and long-term planning.

 

You will receive a bonus Growth Case Study when you register for the webinar.

 

Click here to reserve your seat for this week’s webinar.

 

 

Webinar Details: Wednesday: October, 25 2017

  • 1:00PM – 2:00PM Central (Chicago)
  • 11:00 – 12:00PM Pacific (Los Angeles)
  • 2:00PM – 3:00PM Eastern (New York)
  • 12:00 PM-1:00PM Mountain (Arizona)

 

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Ways to Build a Strong Team

 

Authored By: Rachel Markin

 

Group Of Business People Joining Hands In Circle At Company Seminar“No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.”- Former General Electric CEO, Jack Welch

 

A company is as good as its people, and that’s why Amy Larson recently penned an article in Above the Law on “How to Motivate and Reward Staff.”

 

Larson reports that a firm may have brilliant partners, but the energy and dedication of the support staff enable the firm to function. She lists several ways to avoid common management mistakes and lead a healthy and happy team.

 

Larson says it’s important to set goals and expectations. People often find themselves discontent when appropriate expectations have not been set. Leaders can help their team members be successful by clearly communicating goals and following-up each week to ensure goals are being met.

 

Larson also notes that lawyers can sometimes “compete to be the most intelligent person in the room.” She warns that competition does not need to belittle the non-lawyers in the room. Rather, when hiring someone, recognize the individual has skills and intelligence and deserves respect.

 

To read more tips to help motivate your firm’s staff, click here.

 

 

Photo Credit: Cathy Yeulet
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Target Recalls 180,000 Dressers Due to Tip-Over Hazard

 

Authored By: Iris Garrett

 

Recall ImageAccording to the Consumer Product Safety Commission (CPSC), Target has pulled nearly 180,000 of its “Room Essentials 4-Drawer Dressers” off store shelves after finding out the item can tip over, trap, and even kill children.

 

The CPSC says the recalled dressers were sold both on Target.com and in stores nationwide between January 2013 and April 2016. About 3,000 of the recalled dressers were also sold to customers in Canada. Since then, the commission has received a dozen reports of the item tipping and collapsing, one incident even involving two three-year-old children. Fortunately, no injuries have been reported.

 

The CPSC says customers who bought the “Room Essentials 4-Drawer Dresser” in any color (Black, Espresso, or Maple) should stop using the dresser if it is not secured to the wall. Customers can also return the recalled dresser to Target for a full refund.

 

A similar issue reported by the CPSC in 2015 forced Ikea to recall one of its popular line of dressers, the “Malm”. The furniture retailer pulled 27 million of the dressers and chests after finding out one tipped over and killed two children.

 

To learn more about these recalls, click here.

 

 

Photo Credit: Balint Raxana
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Team Hope Gearing Up for Greater Nashville Race for the Cure

 

Authored By: Iris Garrett

 

Team Hope running On Saturday, October 28th, Advocate Capital’s Team Hope will trade in their green shirts for pink ones to participate in this year’s Susan G. Komen Greater Nashville Race for the Cure! Our team will also be taking on a new name for the event, Team Shirley, in honor of Advocate Capital’s very own breast cancer survivor, Shirley Johnson! Shirley is not only an incredible asset to the company but an incredible woman. We are thrilled to be volunteering with the organization to celebrate her strength, the strength of other survivors, and the memory of those who have lost their battle with the disease.

 

Because the Greater Nashville Race for the Cure is just two weeks away, our ten Team Shirley volunteers are gearing up for the 5K Walk/Run by raising awareness and funds for the fight against breast cancer. Statistics show one in eight women will be diagnosed with the disease in their lifetime, and 13 million deaths will arise because of it in the next 25 years. Team Shirley is hoping to slash those statistics by raising $1,000 for the Susan G. Komen organization and its mission. Will you support us in this fight? Any contribution can help and serve as a powerful tool to end breast cancer once and for all!

 

If you would like to give to Advocate Capital’s Team Shirley, please visit our donation page here. We appreciate every ounce of support as we prepare to hit the pavement and race for the cure! You can also make an impact by joining a Susan G. Komen Race in your area. Learn more about their events by clicking here.

 

Let’s put a stop to breast cancer, and let’s do it together!

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Nevada Justice Association (NJA) Conference – Portland

 

Authored By: Barry Epstein

 

Barry with booth visitorsEvery year, The NJA hosts their annual conference in a different and interesting city.

 

This year, Portland Oregon was the venue and I was privileged to be able to attend the conference and man our exhibit booth along with Jeff Glueck, VP Strategic Solutions.

 

The list of speakers/topics was awesome and a testament to the dedication of personal injury attorneys who invest their time and energy in sharing knowledge with their colleagues.

 

Our Advocate Capital exhibit was busy with visitors each day and we had a fresh batch of Voodoo Doughnuts (a Portland institution) on the table for caloric enjoyment.  I’m not really certain if the visitors came for the donuts, to meet with me or, to gather information.  However, whatever works!

 

Mostly, it was a very special treat for me to meet many of the new NV clients that have worked with me to join the Advocate Capital family and hear them talk about what a difference working with us has made in their practice.

 

Barbara Gallagher and Craig Kidwell of Kidwell & Gallagher – Reno, one of our newest NV clients, were gracious in allowing me (in the middle) to be photographed with them.  I’m having an 8 x 10 made for my office wall!

 

A special mention for Julie Ostrovsky – Deputy Director of NJA and her staff for organizing and managing a successful event with an enormous number of moving parts.  She and her staff did a terrific job and never missed a beat.

 

I was also honored to meet Brian Nettles of The Nettles Law Firm, the incoming president of NJA whose energy, cordiality and good humor are infectious.

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The Potential Risk of Urgent Care Facilities

 

Authored By: Candace Whitman

 

Patients in a waiting room.Urgent care facilities and walk-in clinics have increased in popularity because of the many conveniences they provide. People are able to visit one of these facilities when their doctor is unavailable, when they don’t want to take the time to schedule an appointment with their regular doctor, or when they need to be treated immediately, but they do not believe their ailment is serious enough to go to the emergency room.

 

However, Randy Appleton writes in his article on the Legal Examiner, that the quality of treatment patients are receiving may be suffering as a result of the convenience and speed that urgent care and walk-in facilities provide.

 

The problem often occurs when a patient visits an urgent care or walk-in facility for what they believe is a minor medical problem that is actually a life-threatening condition. Appleton reports that, in many cases, these facilities will fail to re-evaluate a patient’s vital signs before sending them home. The “’express’ mindset” that many of these facilities have may cause patients to suffer.

 

To read Randy Appleton’s full article and learn more about the potential risks of urgent care facilities, click here.

 

 

Photo Credit: Cathy Yeulet
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Oil and Gas Industry Generating High Rates of Severe Injuries

 

Authored By: Iris Garrett

 

Oil and Gas Industry Working in the oil and gas industry may be the most dangerous job to take on. New data from Energy and Environment News (E&E News) shows that the workers in this field suffer from one of the highest rates of severe injuries in the United States. According to an article on The Legal Examiner, the injury rate is even worse by some measures… sometimes pegged as the highest.

 

The article’s Eric Chaffin says the oil and gas industry produces several types of severe injuries, some of which are broken bones due to falls and loss of limbs due to major burns. The most common injury in the Energy and Environment News report, however, was amputation and mostly included fingers and fingertips. Chaffin says leg fractures are also very common, as are struck-by injuries and burns caused by fires and explosions.

 

The Occupational Safety and Health Administration (OSHA) says the results of the E&E News oil and gas report are not surprising but yet consistent with the industry’s unacceptably high fatality rate. According to the U.S. Bureau of Labor Statistics, 716 fatalities occurred in the oil and gas industry between 2003 and 2009, which was seven times higher than any other U.S. industry during that period.

 

Chaffin says companies are required to provide their employees with proper safety equipment and training to avoid severe injuries and deaths, and those that fail to do so may be held liable for the consequences. The Industrial Safety and Hygiene News also emphasizes this employer obligation, saying that senior leadership in oil and gas industry companies must be committed and actively involved in the safety culture of their workers.

 

To read Eric Chaffin’s full article, click here.

 

 

Photo Credit: Rossella Apostoli
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Googling Yourself is Important. Here’s why.

 

Authored By: Candace Whitman

 

Woman on a computer.Have you Googled yourself and your firm recently? Alison Monahan of The Balance recommends that you make Googling yourself a habit in your professional life. Clients and colleagues are likely to Google you, so it is an excellent practice to periodically Google yourself to see what others may find if they happen to be researching you online.

 

One great tip Monahan gives that will help you see the most accurate depiction of your online reputation is to use a browser that you do not normally use. This will ensure that your Google search is not clouded by your previous searches.

 

You will start by just Googling your name and/or the name of your business. You may need to get specific to narrow your results. You can type in the city you live in, the name of your business, or your specific social media handles. Look at the first few pages of your search results, including Google images, to see what appears.

 

As you are looking, keep an eye out for images or posts that may reflect negatively on your reputation.  You may find something that you posted in the past that needs to be deleted. If it something that is not owned by you, you may be able to ask the owner of the image or post or the website it is posted on to have it removed.

 

After you have assessed the situation, you can attempt to clean up or improve your search results.

 

To read more about why you should Google yourself and how you can improve your Google search results, click here.

 

 

Photo Credit: Antonio Guillem
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It’s Almost Time for the UAJ 2017 Annual Conference!

 

Salt Lake City SkylineAre you heading to Salt Lake City next week for the Utah Association for Justice’s Annual Conference? The theme of the conference is “Ready, Set, GO to Trial: Why Any Lawyer Can Do It,” and it is taking place on October 12-13 at the Salt Lake Marriot Downtown at City Creek.

 

Please stop by our booth to say hello and learn more about case expense funding. Michelle Simms and Donna Jones will be there to represent Advocate Capital, Inc. and talk with you about The Advocate Flexline®. While you’re there, don’t forget to register to win a pair of Beats Studio Wireless Headphones!

 

We look forward to seeing you in Salt Lake City next week!

 

 

Photo Credit: Wasin Pummarin
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Billie Hardison Celebrates Five Years at Advocate Capital, Inc.

 

Billie receiving her 5 year from Donna. Huge shout out to Billie Hardison on her 5-year anniversary with Advocate Capital, Inc.

 

Billie joined the Advocate Capital team in 2012 as an Accounting Specialist.  In June of 2016, she promoted to Business Analyst.  As our business continued to grow, she assumed the role of our dedicated Training Specialist in 2017.

 

Billie brought a wealth of knowledge and experience to Advocate Capital having spent ten years as an accounting analyst at a large retail corporation previously.

 

With her deep understanding of the company’s AdvoTrac® proprietary software, her accreditation as both a Certified Professional Trainer and a Quickbooks ProAdvisor, she has become our resident educational expert assisting our law firm clients with a vast array of technology resources.

 

Congratulations Billie on five fantastic years with Advocate Capital, Inc.!

 

 

Donna A. Jones

Senior Vice President

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National Pepperoni Pizza Day at Advocate Capital!

 

 

Pizza party fun!For our September Employee Appreciation Event, the Dream Team (Quality Assurance, Training and Account Management) hosted Pepperoni Pizza Day.  But we were not limited to pepperoni!  We had an amazing assortment of pizzas and toppings including vegetarian, gluten-free and even dessert pizzas from a variety of local pizzerias.

 

If that wasn’t reason enough to celebrate, we also played an interesting game of Family Feud with teams composed of members of all departments here at Advocate Capital.  The competition was tough but the Aardvarks prevailed with each team member taking home a cash prize. Team Aardvarks included Chief Credit Officer Paul Myers, Marketing Supervisor Rachel Markin, Senior Director of Strategic Solutions Lynne Cushing, Credit & Compliance Coordinator Lynn Malone and Director of Credit & Compliance Todd Jackson (pictured above).

 

Check out our photo albums on Facebook & Google+ and tag your friends here at Advocate Capital.

 

We all love the culture here at Advocate Capital, Inc. and with pizza, games, and prizes, what’s not to love?!

 

 

Donna A. Jones

Senior Vice President

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QuickBooks – Discount!

 

Man smiling on computer.Does your firm need to change or upgrade accounting software? Do you know that Advocate Capital, Inc. customers receive a discount on software upgrades and user licenses for QuickBooks?

 

Not only do we offer software discounts, but we also offer unlimited training.  We facilitate screen- sharing sessions to share best practices for tracking advanced client case costs.   We also offer customized sessions for individual or group settings, as well as these out of the box sessions:

 

  • Proper Accounting Treatment for Client Case Costs
  • Recording the Funding Request Deposit
  • Recording the Monthly Invoice Payment
  • Recording the Payoff of a case and Allocating the Finance Charges to the Client

 

Advocate Capital, Inc. has Quickbooks ProAdvisors available on staff to maximize utilization of our case expense funding product. We offer FREE, unlimited training to our clients.

 

To schedule a free session, please contact us at QBSupport@Advocatecapital.com or 1-877-894-9724.

 

 

Billie Hardison

Training Specialist

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Buffy Escue Recognized for Five Years at Advocate Capital, Inc.

 

 

Buffy receiving her award from Donna.Congratulations to Buffy Escue who recently celebrated her five-year anniversary with Advocate Capital, Inc.

 

Buffy joined the Advocate Capital team in 2012 as a member of our credit team.  In March of 2016, she promoted to the Quality Assurance Team.  Due to the amazing growth of our business, Buffy was promoted again in 2017 and now serves as our newest Executive Client Manager.

 

Before joining the Advocate team, Buffy worked in a large mental health practice maintaining patient relationships ensuring all HIPAA standards were upheld.

 

With over a decade of experience in combination with her paralegal training, Buffy provides our law firm clients with a tremendous knowledge base and practical understanding to ensure their continued success.

 

Please join all of us here at Advocate Capital, Inc. in congratulating Buffy on this anniversary!

 

 

Donna A. Jones

Senior Vice President

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The Nevada Justice Association Annual Convention is Nearly Here!

 

NJA 2017 LogoAre you planning to attend the Nevada Justice Association’s Annual Convention on October 5-7? The three-day event is being held at a new location this year, the Portland Marriott Downtown Waterfront in Portland, Oregon.

 

The theme of NJA’s convention is “Off the Beaten Path” and will feature more than 12 hours of CLE programs taught by some of the best trial lawyers, judges, and experts from around the country. The convention will also include several networking events and exhibits—one of which will be for Advocate Capital, Inc. and our representatives, Jeff Glueck and Barry Epstein!

 

Both Jeff and Barry will be available during the convention and can speak with you about case expense funding and products like The Advocate Flexline®. If you have a moment in between sessions, be sure to stop by the booth and say hello! When you do, you can enter for a chance to win a pair of Beats Studio® Wireless Headphones and grab a famous “Voodoo Donut” (while supplies last!).

 

See you in Portland!

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Advocate Capital, Inc. – Developing Employees

 

Lynne holding her framed Masters DegreeAdvocate Capital takes great pride in providing a top-notch work environment for our associates.  We also want to make sure that our team has access to the best in training and ongoing personal and career development.

 

Along those lines, we have a tuition reimbursement program for employees who want to continue their education.

 

A recent participant in the tuition reimbursement program has completed her studies!  We would like to congratulate Lynn Malone, our Credit and Compliance Coordinator, who has earned a Master of Management in Leadership & Organizational Development degree from Lipscomb University.  Way to go, Lynn!

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Paul B. Myers Celebrates 15th Anniversary

 

Paul Myers receiving his award from CEO Mike Swanson.Congratulations to Advocate Capital’s Chief Credit Officer, Paul B. Myers, who celebrates his 15th employment anniversary this week!  Paul was employee number 2 when he joined us way back in 2002 and his hard work and dedication have played a key role in our company’s success.  When Paul joined us, we had just a handful of clients… and at the moment that number is well over 400!

 

Paul graduated from Sewanee: The University of the South in 1989 and spent over ten years working for Bank of America in a series of increasingly responsible roles.  After a few years as a CFO at local Nashville companies, Paul joined our team and has led our Credit Team to great success.

 

Thank you, Paul and congratulations on this great milestone!

 

Michael J. Swanson
President and Chief Executive Officer

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Questions to Ask Your Clients After Their Case is Closed

 

Authored By: Candace Whitman

 

People shaking hands in the distanceAfter a case is closed, you shouldn’t just say goodbye to your client. There is valuable insight to be gained from clients who have fully used your services. Conducting an exit interview or creating a survey to give to clients after their case is closed could provide you with ways to improve how your business functions. Stephen Fairley, CEO of the Rainmaker Institute, provides several questions that you should ask your clients after their case is closed. We have listed a few of these questions below.

 

What did you like about our services?

This question will give you and your team an idea of what is most important to your clients. It will tell you what you are excelling at and what your firm needs to continue to focus on.

 

What could we have done differently?

Constructive criticism is an important part of the improvement process. In order to continue growing, your firm needs to know what needs to be fixed.

 

Would you refer us to friends and family?

This question is a great way to see if your clients are satisfied with their experience at your firm and remind your client that you appreciate referrals. Fairley says, “Tell them what a good referral looks like to you by explaining the profile of your ideal client. Instruct them on the best way to make a referral to you — if you prefer an email introduction or a phone call.”

 

To read the full article from the Rainmaker Institute, click here.

 

 

Photo Credit: imtmphoto
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PILMMA Super Summit here in Nashville Tennessee

 

Mike giving a speech at PILMMA 2017Last week, we attended the annual Personal Injury Lawyers Marketing & Management Association Super Summit (PILMMA) at the Hutton Hotel here in Nashville, Tennessee.  It was a treat to meet and spend time with so many existing and future clients focused on growing their successful practices.  This was particularly special to us because this year’s event was held in Nashville, the home of our corporate headquarters.

 

By now you know that our mission here at Advocate Capital, Inc is to help an ever increasing number of plaintiff attorneys get even better results for their clients.  We were honored to participate in this year’s Super Summit. The capital we free up for a law practice is quite often used by the firm to invest in marketing and growth initiatives…and there is no better way to learn how to best invest this new found capital than by attending PILMMA’s annual event.  Our CEO Mike Swanson spoke at the event and gave away a free copy of his book “How David Beats Goliath, Access to Capital for Contingent-Fee Law Firms” to interested attendees.

 

If you attended and have not yet requested a copy, please email me at jglueck@advocatecapital.com . We will send you a signed copy!

 

Thank you to all of the fine folks who stopped by our booth to say hello to Mike and me during the conference.  We hope you enjoyed all that Nashville has to offer!

 

 

Jeff Glueck

Vice President

Strategic Solutions

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The Benefits of Having a Diverse Law Firm

 

Authored By: Candace Whitman

 

Diversity in the workplaceThere are many reasons why a business should value diversity. In his article for Law Practice Today, Edward T. Kang shares several ways that diversity benefits law firms.

 

One of the reasons your firm should value diversity is because doing so will broaden your reach in regards to clients. According to Kang, “If a law firm is demographically representative of the general population, more people will feel comfortable with that firm, and the firm will attract a wider range of clientele.” By hiring attorneys from different backgrounds, you may be able to reach different networking circles or open your services to clients who speak different languages.

 

Another reason diversity is valuable to any firm’s growth is because diversity encourages new ideas and innovation. When everyone in the firm comes from the same background then they are all likely to have similar ideas. A lack of fresh ideas can lead to a stagnant firm that does not grow. Focusing on having a diverse team can be a great way to gain new insights that will help your firm grow and grow.

 

To read the full article, click here. To read another Advocate Capital, Inc. blog about actions you can take to improve the diversity of your business, click here.

 

 

Photo Credit: Hongqi Zhang
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“Foreseeable Tragedy” Leads to $10.5M Settlement

 

 

William M. Paoli and Court B. PurdyWe would like to say congratulations to our friends William M. Paoli and Court B. Purdy of Paoli & Purdy, LLP for their recent settlement of $10.5 million, $9.5 from the City of Los Angeles and a million from other defendants.  The Plaintiff (age 15) was hit and killed by a cab while she was attempting to cross the street with her friends near Dockweiler State Beach at Vista Del Mar Road.

 

While the defense relied on opinions of investigating officers stating that Naomi and her friends were at fault for “jay walking,” the Paoli & Purdy team demonstrated that the highway was hazardous for pedestrians. Beachgoers regularly park in the area and are forced to cross the dangerous highway returning to their vehicles. The area has a lack of crosswalks available and at the time of accident, there were no street lights operating on the roadway.

 

The area had a history of collisions and unsafe conditions for pedestrians, including fatalities. This history meant that the City had knowledge of the problems yet had done nothing to resolve the issues. The City Council approved the settlement, with a 12-0 vote.  As of this post, Mr. Paoli has been notified that the City has placed temporary “No Parking” signs in an effort to keep pedestrians from crossing at Vista Del Mar to reach their vehicles.

 

This case was featured in the Verdicts & Settlements section of The Gavel, as well as the Los Angeles Times website. The team at Paoli & Purdy, LLP have handled thousands of personal injury matters involving millions of dollars in compensation, while maintaining the highest level of excellence in customer service. The dedication and personal attention they focus on each case has led to their considerable successes.

 

Everyone here at Advocate Capital, Inc. appreciates the hard work done on behalf of the parents of this minor Plaintiff as well as the safety for all beachgoers and pedestrians in the City of Los Angeles. Thank you for your dedication and all that you do.

 

Donna A. Jones

Senior Vice President

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2017 CAALA-Vegas “ROCKED IT” Again

 

 

Reps at CAALAOnce again, the CAALA team (Consumers Attorneys Association of Los Angeles) hosted an amazing annual convention.  The theme this year was “Rock of Ages.” Team ACI totally embraced the theme by giving away a Jimmy Page life-size cardboard replica and a Led Zeppelin autographed gold record.

 

As always, we visited with several clients, met new prospective clients and found the convention to be a wonderful networking opportunity on many fronts.  Pictured above are our very own Lynne Cushing and Buffy Escue working Booth #139 at the convention.

 

Please take a moment to view additional photos from our 2017 CAALA-Vegas experience on our Facebook and Google+ albums tag someone you know!

 

Everyone here at Advocate Capital, Inc. considers it a privilege to support the important work done by trial lawyers like the CAALA group across this country to protect the 7th Amendment rights for all.

 

 

Donna A. Jones

Senior Vice President

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Excel Tips & Tricks – Format Painter

 

 

Man and woman on computer.Do you use the format painter? I do! I use this feature all the time in Excel and I find it saves so much time.

 

The format painter is on the home tab and it looks like a little paintbrush. The purpose of the format painter is to copy the exact formatting of one field, column, row, or sheet to another field, column, row, or sheet.

 

For example, let’s say you have a column in your spreadsheet and you have borders, fonts, font sizes, and column sizing formatted exactly the way you want it. Now you have another column of data that you want to look identical. Simply select the first column, click the format painter icon, and then select the second column. This will copy formatting, but not values.

 

This is especially helpful when you are trying to keep your branding across reports.

 

If you are an Advocate Capital customer and need help preparing or manipulating data in the Excel application, feel free to contact me at BHardison@AdvocateCapital.com.

 

Here at Advocate Capital, Inc., we are constantly looking for ways to improve. We love feedback from our customers and implement suggestions often.  If you have a question or idea for an Excel tip that you would like to see, please let us know!

 

Billie Hardison
Training Specialist

 

 

Photo Credit:Cathy Yeulet
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5 Reasons Why You Need an Emergency Fund

 

 

Emergency money in a jar“Gee, I wish I hadn’t saved up so much money,” said no one ever.

 

However, you may have heard a financial planner say “So, what are you counting as your emergency fund?” The question leaves many of us dumbfounded. Anything extra each month goes toward credit cards or unexpected expenses, right? The rest is often tied up in retirement accounts or funds that we either cannot or are not supposed to touch for “emergencies”.

 

But while we can cross our fingers hoping that a major household system like the heat won’t fail, or that everyone in our family will stay healthy, the truth is we’re only biding our time. At some point every person will experience an emergency—something “unexpected” that requires serious cash on hand.

 

Having some sort of liquid savings plan is critical. Here are some reasons you’ll appreciate having an emergency fund ready to go should you need it:

 

Peace of mind Sometimes you really can “buy” peace of mind. Even some of the most successful people weren’t taught to set up an emergency fund during the early stages of their careers. But as their assets and knowledge have grown, most would now attest to the sheer peace of mind that liquidity can bring.

 

Career flexibility With an emergency fund set aside you can get more creative about career choices and decisions. Knowing you have some money in the bank, you can be more flexible about leaving an unsatisfactory job or starting a new venture—even if the timing doesn’t line up perfectly with severance or other temporary financial coverage.

 

Preventive maintenance While it’s not something that is fun to spend money on, doing regular maintenance on a home, car or other piece of property can save you serious funds in the long run. With an emergency fund you can arrange prompt and proper maintenance so that small problems don’t become big, expensive ones.

 

To find out the other benefits of having an emergency fund and to start taking steps to build one, check out my latest article in Living Safer magazine. You can also find the article in digital form by clicking here.

 

Michael J. Swanson
President and Chief Executive Officer

 

 

Photo Credit: szefei
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9 Hidden Costs of Self-Funding Your Cases

 

Mike Swanson 2017If you are an owner of a contingent-fee law firm and are self-funding your case expenses, you may not be aware of the many hidden costs that you are paying!

 

Join President and CEO Michael J. Swanson as he discusses the 9 Hidden Costs of Self-Funding Your Case Expenses.

 

 

Mike will host the webinar on September 26th 2017 at 1 PM CST/11:00 PT.

 

Even if you miss the webinar, you’ll still receive the webinar recording after it’s complete!

 

Sign up for the webinar today: https://www.advocatecapital.com/WebinarSeptember26/

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Case Expense Financing at a Net Cost of Less Than 1%*

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