What is AdvoTrac®?
AdvoTrac® is a proprietary software platform created by Advocate Capital, Inc. for the tracking of case expense lines of credit on a case-by-case basis. It is the case-by-case tracking of borrowing costs that makes it possible for Advocate Capital, Inc. clients to reduce their net cost of capital to below 1%* (on average) by recouping their borrowing costs from their cases.
Our case expense funding clients have the option to use AdvoTrac® to submit funding requests and payments, neatly track their case expenses, and run a number of reports to help them analyze data on their case expenses and line of credit.
Clients may log in here.
AdvoTrac® Features
Line of Credit Tracking
With our case expense tracking software, law firms are able to track their case expenses case-by-case so they can recover the borrowing costs which makes the net cost of borrowing zero on the cases that they win.
If you apply and are approved by our Credit team, you will simply submit a funding request, upload your case expenses to AdvoTrac®, and pay us monthly for the interest on your line balance. When a case concludes and you are ready to pay off the case, you can run a Payoff Quote report. It details the amount due to Advocate Capital and the amount that your client owes you.
If you have questions about how to update your attorney/client fee agreement to contain language that will enable you to pass borrowing costs through to your cases, contact us or click here to request our Sample Fee Agreement Language.
Same Day ACH
Our clients have 24/7 access to the AdvoTrac web portal. Fundings and payments that are entered via ACH before 3 PM CST are processed the same day. Our clients can invest in their cases as much as needed to get the very best results for their clients without having to delay.
The use of case expense funding and our case cost tracking software, AdvoTrac®, shortens the time needed to take a case from start to finish and increases law firm client satisfaction while boosting law firm revenues and profits.
Payoff and Fund Cases
After becoming an Advocate™ client, all we need to fund the case is the name of the case and how much was spent on case expenses.
High-volume law firms can upload an Excel document to request funds or payoff multiple cases at once. Our support team is also available to help when your firm needs to request funds and pay off multiple cases simultaneously.
Detailed Reporting
Our Legal Funding Software offers numerous reports that you can access 24/7 to monitor data on your cases and line of credit. These reports can be reviewed in the web portal or exported as a PDF or Excel sheet.
Secure and Reliable Technology
To ensure maximum up-time, we have multiple backup solutions in place so you can access your account at any time of the day.
Real-time secure data mirroring in the cloud ensures that all client and case data is protected by multiple redundancies.
You decide who has access at your firm to AdvoTrac® and its features. We require two-factor authentication as an additional layer to protect your firm’s information.
AdvoTrac® Support Team
Our support team is made up of paralegals, accounting professionals, and former law firm administrators who are all experts on AdvoTrac®. They are available Monday through Friday from 7 AM – 6 PM CST to assist you.
We provide unlimited, free training to our clients on AdvoTrac® and the integration of AdvoTrac® with law firm accounting and case management systems like QuickBooks and Needles. Our training team has created videos and PDF trainings as well that are located on the AdvoTrac® web portal.
What Lawyers Are Saying About AdvoTrac®
"The AdvoTrac® platform could not be more user-friendly. The 24/7 access to funding and detailed reports are amazing. The professionals at Advocate are even better!"
- George E. McLaughlin, Principal • McLaughlin Law Firm, P.C.
"Working with Advocate Capital has greatly helped our firm out with respect to managing our litigation costs, cash flow, and finances. They provide all the accounting you need to simplify bookkeeping. Accessing information and funds in AdvoTrac® is a breeze, and the staff is always there and helpful when you need them."
- Wilkie Cheong, Partner • Cheong & Denove
"Advocate Capital has been a true stress reliever for my business operation management. As a fast-growing firm, the expenses per case can consume a substantial portion of my capital. Advocate Capital has totally relieved that worry. This group has totally freed up my practice and I have nothing but great things to say about Advocate. Also, Advotrac® is easy to use, precise, and worry-free. I am very grateful for your services!"
- John Griffith, Attorney/Founder/Member • Griffith Law, PLLC
"Advocate Capital provided everything we needed to set up the program. Their AdvoTrac® website is very user-friendly and their staff is incredibly helpful and responsive."
- Amanda Mingo, Partner • Rawls, Scheer, Clary, & Mingo, PLLC
I am so very thankful your company exists to support the work we do. Too often the rights of the voiceless, the damned, and the forgotten are simply overlooked, or worse, trampled upon. As a plaintiff's lawyer, sometimes our work is lonely and it is satisfying to know that my clients' rights are important and worthy through Advocate Capital's willingness to fund our work. From the bottom of my heart, thank you for your support.... I also appreciate your AdvoTrac software. We are able to consider passing on the interest attributable to those cases in which we have sought and received funding, though we do not always pass the interest charged by ACI to our client. We consider doing so on a case-by-case basis.
Thank you for your help, your loyalty and your understanding of the work we do.
AdvoTrac® FAQs
- What is the maximum number of cases you are able to track?
AdvoTrac® is able to track an unlimited number of cases.
- How Can My Law Firm Get Started With AdvoTrac®?
To get started, fill out our application for case expense funding. If you’d like to take a test drive of the AdvoTrac® portal, Call or email us today to schedule a demo or receive temporary credentials so that you can log in and look around.
