Your local bank: Law firm financing at an annual cost of About 5% to 8%.
Which Would You Choose?
Like every other successful trial attorney, you have thousands of your personal, post-tax dollars trapped in case expenses that do not earn interest and are not tax deductible.
The cash that you have tied up in case expenses is essentially an interest-free loan that you have made to your cases!
It used to be that there was no way to get your money back until you retired and wound down your practice… but we’ve created a solution to that problem. Wouldn’t you like to get your money back?
To learn more:
- How it Works
- Frequently Asked Questions
- Top 10 Reasons to Enroll
- It’s Your Money
- Request Sample Fee Agreement Language
* In most jurisdictions, a law firm can reduce its annual costs by passing borrowing costs through to its cases, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc., has a proprietary 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 borrowing costs from its cases, as most of our clients do, its annual cost of funds is very small – even less than 1%. Contact us to discuss how our case expense financing program can work for your firm. (All loans are subject to credit approval, and terms and conditions may vary.)