|
Attorney's Lawsuit Cash Advance |
|
|
|
|
Law firms can benefit from increased cash flow without the wait of cases settling. Additionally law firms can raise the cash they need without pledging personal assets. Simply put banks are a good place to start but more often than not, cannot provide the flexible terms law firms require. No one understands the value of a contingent fee firm’s portfolios better than Attorney Funding Group, LLC.
- No personal property liens
- Personal guarantee not necessary in most lawsuit financing offers.
- 100% tax deductible as a “necessary and ordinary” business expense.
- Personal assets are not taken into consideration of an offer to finance.
- Fees can be charged off to specific case expenses
- Fixed case cost
- Negotiable repayment terms related to litigation cycle.
- No prepayment penalty
- Will not interfere with credit lines currently secured via real-estate etc.
- Litigate with peace of mind of not running out of funds.
- Recourse limited to fee receivables and law firm assets.
- Lower cost compared to fee split or selling fee interest.
- Tax benefits interest fees charged maybe tax deductible as case expense with proper attorney-client fee agreement.
- Some states allow lawsuit financing charges on behalf of client expenses to be charged back to client. Depending on your fee agreement with your client. With this method lawsuit funding for clients expenses could be interest free.
- Use the money for whatever your firm is in need of. Trial and case cost, expert witnesses, working capital etc.
For a quick no obligation review please complete the online attorney application today and one of our professionals will get back to you promptly. Click Here for Our Application |