“One of the best decisions our law firm has ever made.”
- Christian Morris, Christian Morris Trial Attorneys
Case Expense Financing
Case expense financing, also known as litigation financing, allows you to free up capital tied to ongoing cases, helping you manage costs without using personal funds. By financing case-related expenses such as expert witnesses, trial preparation and court fees, you can keep more of your cash available to reinvest in your practice.
Key benefits include:
24/7 access to AdvoTrac, our proprietary software that tracks interest and fees in real time on a case-by-case basis. AdvoTrac allows you to recoup borrowing costs from your cases by reducing the net cost of capital to below 1%* (on average).
Fundings that are requested online before 3 PM CST are processed via ACH the same day, with funds hitting clients’ accounts 1-2 business days after processing in most cases. Payments that are entered online before 3 PM CST are processed via ACH the next business day.
Working capital lines of credit
Our working capital lines of credit provide law firms with a prime-based source of funding to cover short-term needs like payroll, marketing or hiring, all with flexible repayment terms.
Advantages include:
No requirement for principal paydown (subject to annual renewal).
Pay interest monthly while principal remains outstanding. Annual line fees apply.
Interest is calculated using a simple interest method (not compounded) and billed once per month.
Small loans
For smaller law firms or newer practices that may not qualify for larger lines of credit, our small loans provide quick access to capital for essential expenses like marketing, equipment and staffing. Lines of credit up to $50,000 are available. Firms must move their depository bank accounts to our affiliate, Pinnacle Bank, a Tennessee bank.
Term loans
Our term loans are designed for law firms looking to make significant investments in their practice, such as purchasing new equipment or upgrading technology. With predictable monthly payments and fixed interest rates, term loans provide stability for long-term planning.
SBA loans
Our Small Business Administration (SBA) loans offer government-backed funding with competitive terms for firms that may not yet qualify for traditional business loans. With extended repayment periods and lower monthly payments, these loans are ideal for new or rapidly growing practices and a better alternative to using valuable working capital.
Legal fee lending
Legal fee lending is an innovative approach that delivers a dual advantage: Deferring income tax on structured legal fees while unlocking liquidity through tailored loans. Borrow up to 70% of your deferred fees. Future periodic payments are based on indexed annuity performance.
LEGAL DISCLAIMER
These materials were created to provide an overview of certain aspects of legal fee lending solutions. The information provided herein does not, and is not intended to, constitute legal or tax advice; instead, all information is for general information purposes only, information contained herein is subject to change and may not constitute the most up-to-date information. It is recommended that you contact your attorney and/or tax professional to obtain advice with respect to any particular legal or tax matter, and you should not actor refrain from acting on the basis of information contained herein without first seeking advice from your attorney and/or tax professional, only your individual attorney or tax professional can provide assurances that the information contained herein – and your interpretation of it - is applicable or appropriate to your particular situation, all liability with respect to actions taken or not taken based on the contents hereof are hereby expressly disclaimed, the content herein is provided “as is;” no representations are made that the content is error-free.
*All loans subject to credit approval.