Authored By: Candace Whitman |
When trial lawyers hear about case expense funding, a common objection is, "I don't need the money." And for many, that may be true in the most literal sense. But the question isn't whether a law firm has the money to fund their own case expenses—it's whether that money is working in the best way possible for the firm and its clients.
At Advocate Capital, we don't provide funding to firms that need cash to stay afloat. Instead, we partner with financially sound law firms that recognize the value of not keeping their profits tied up in case expenses. Our financing model is designed to help firms grow, invest in their cases, and better serve their clients—all without sacrificing their financial flexibility.
Freeing Up Capital for Growth and Stability
Many successful firms fund their case expenses out of pocket. But doing so means they essentially extend their clients an interest-free loan for the length of their case. That capital could otherwise be invested in business development, hiring top legal talent, expanding marketing efforts, or upgrading technology—investments that drive long-term success and firm growth.
Instead of locking profits into case expenses for years, firms that use case expense financing can keep their capital available for strategic initiatives. This financial flexibility ensures that the firm is well-positioned to take on more cases and deliver better outcomes without sacrificing its cash flow.
Enhancing Client Outcomes
The ultimate goal of any trial lawyer is to achieve the best possible result for their clients. Case expense funding allows firms to invest in the best experts for their cases—expert witnesses, top-tier trial presentation tools, advanced legal research, and more—without hesitation. Instead of making cost-based compromises, firms can confidently provide the strongest representation possible.
With Advocate Capital's case cost funding, firms make smart financial choices for themselves and ensure their clients receive the best legal support available. This can be the difference between a good and great settlement or between winning and losing at trial.
A Smarter Way to Manage Your Law Firm's Finances
Trial law firms work on contingency, meaning they may wait years to see a return on their investments in case expenses. That kind of financial strain can limit a firm's ability to take on additional cases or grow their business.
With case expense funding, firms maintain a steady cash flow, allowing them to:
1. Take on more complex and high-value cases without financial hesitation
2. Avoid dipping into firm reserves or personal funds
3. Keep financial stability intact, even during long litigation timelines
4. Invest in new technology, training, or marketing initiatives that will help their business grow
5. Manage economic downturns or unpredictable case timelines more effectively
How Advocate's Law Firm Financing Works
Advocate Capital's clients use case cost funding to reimburse themselves for the money spent on case expenses. If implemented properly, the cost to the firm is next to nothing. Our services enable law firms to get reimbursed from their cases for 100% of the cost of our services on the cases that they win. So, the net cost to the firm is close to zero. This is possible with the use of AdvoTrac®, our proprietary platform created by Advocate Capital to track case expense lines of credit on a case-by-case basis.
Advocate Capital: A Strategic Partner, Not a Last Resort
Our clients are some of the best and brightest law firms from all across the country —we work with firms that see the strategic advantage of leveraging their capital wisely. Case cost funding is not just about managing case expenses; it's about making smarter financial decisions that benefit the firm and its clients.
By partnering with Advocate Capital, trial lawyers ensure they maximize their resources while delivering the best possible representation. The question isn't whether you need the money—it's whether your firm and clients could benefit from a smarter approach to managing it.
Ready to explore how case expense funding can enhance your firm's success? Contact Advocate Capital today to learn more.
