I highly recommend this service for any attorney who routinely advances costs on behalf of clients.
I’ve worked very hard to grow my personal injury practice. The problem was, the more I increased my client base, the more money I was advancing on behalf of my clients. This was money I often needed to borrow on my existing line of credit. I was not only extending my clients thousands of dollars in interest-free loans, I was actually borrowing money to advance to my clients, and I was paying the finance charges. For a long time I just assumed this was the cost of doing business.
Then I learned of Advocate Capital from a colleague. It immediately became clear that I was unnecessarily tying up my working capital, and essentially throwing money away. The application process was quick and painless, and my account rep walked me through every step. Underwriting was quick to approve me and in no time all that money I had advanced to my clients was back in my bank account. Advocate helped me explain this transition to my existing clients, and has stood at my side as we’ve started to utilize their system.
I have no doubt that this extra operating capital will immediately result in increased revenues. My only regret is that I didn’t hear about Advocate Capital sooner. I highly recommend this service for any attorney who routinely advances costs on behalf of clients.