Authored By: Candace Whitman
When we talk to contingent-fee lawyers about our case expense funding product they sometimes have questions about how it will work for their law firm. Here are a few common misconceptions we hear from attorneys:
- “I don’t need the money.”
One common misconception about case expense financing is that only law firms who are struggling to fund their cases use it. However, we don’t do business with firms that have financial problems! Our clients are all successful law firms whose owners recognize that making an interest free loan (your case expenses) is a poor business practice.
- “Is it ethical?”
We know law firms care about their clients, so the ethicality of our product is a concern for some at first. We are the nation’s leading source of case expense financing. We believe that our services are in strict compliance with all published ethics opinions. In fact, we are not aware of a single ethics ruling or court decision that conflicts with our services.
We are happy to send law firms the ethics opinions that may exist in their state.
- “Do I have to fund every case with you?”
Once a law firm’s line of credit is established, they choose which cases they would like to utilize it on. Our law firm clients do not have to use it on every case and they can start or stop funding a given case whenever they choose.
If you are a lawyer who is interested in case expense funding or have further questions about it, click here to contact us or call us at 1.877.894.9724.