Are you self-funding? Advocate Capital has tips to help you overcome record-high inflation.
For every inflation point, your firm could lose $10,000 on $1MM in case costs. For example, if inflation is 7% and you have $1MM out in case expenses, you may lose $70,000 for every $1MM you have out in case expenses annually.
Could you do something better with $70,000 than watch it be eaten up by inflation?
Advocate Capital has been working exclusively with plaintiff law firms since 1999. Using our proprietary AdvoTrac® software, we track our client law firms’ lines of credit on a case-by-case basis so that the borrowing costs can ultimately be recouped from the cases themselves. So, the net cost of borrowing is zero for the cases that the firms win (or from which they at least get their case expenses back).
What does that mean to you? If you are self-funding your case expenses, we are cheaper than inflation! If you use a traditional line of credit, you may be unable to recapture borrowing costs, and your line of credit will only get more expensive to use as inflation increases.
To book a strategy call, call 1.877.894.9724 or fill out a contact form: https://www.advocatecapital.com/contact/.