Law Firm Financing and Attorney Funding:
Funding Solutions That Banks Cannot Offer to Attorneys and Law Firms
Trial lawyers and others are painfully aware that banks are no longer extending or increasing credit lines to law firms and attorneys when they need it most. This obstacle extends even to firms that have been responsible, long-term clients of their banks.
Combined with the inevitable "feast or famine" nature of a contingency fee practice and the costs of litigation, this creates severe cash flow problems and financial uncertainty for trial attorneys and law firms.
The inability of banks and traditional lenders to understand the true assets and business models of trial firms forces practitioners to take out mortgages against their homes or other real property, exhaust personal credit and pledge assets to collateralize a personal loan that is often insufficient to support the practice.
Too often, the result is unnecessary partner stress, risk, and uncertainty that can negatively impact what should be the attorney's or law firm's main focus: practicing at the highest levels, and maximizing results for both the client and the firm.
Choose the smarter way to fund your success.
Advanced Legal Capital provides better law firm and attorney financing and funding solutions, all of which are based upon the practitioner's most valuable asset: future fees. In addition to our customized loan programs, we also offer substantial non-recourse "fee acceleration" funding advances to attorneys and law firms based on their pending fees in settle cases, favorable verdicts, judgments for money damages, and judgments or jury awards currently on appeal.
Because of our expertise in valuing contingency fee cases and fee revenues, our law firm loan and attorney funding programs can lend significantly higher amounts of immediate working capital based upon anticipated fees than traditional lenders have ever been able-- or willing-- to offer.
In addition, unlike many lenders, we are not dependent on banks for funding. Our financial resources are backed private investor groups, and a publicly held corporation. Our resources are stable and substantial, and have increased despite the recession. We have large amounts of capital on hand for fast approval of law firm and attorney financing, law firm loans, attorney and law firm lines of credit, and law firm and attorney funding advances.