Advocate Capital litigation financing services provide law firms with capital allowing them to take on more cases and get even better results for their clients. Learn if your law firm qualifies for litigation funding.
What is Litigation Financing?
Litigation financing with Advocate Capital, Inc. provides financial resources to contingent-fee law firms by way of a case expense line of credit. Litigation funding enables trial lawyers to cover expenses such as expert fees, medical records, and other necessary costs related to winning their clients' cases. By utilizing case cost funding, law firms can avoid tying up their own funds in these cases, thereby preventing any cash flow constraints. Essentially, law firms that self-fund their cases are providing interest-free loans to their clients. In contrast, law firms that leverage litigation funding can utilize their post-tax profits to accomplish their goals.
Benefits of Litigation Financing
Our team of experts can work with you to find the litigation financing solution that will fit your firm's needs and help your firm grow. Our Directors of Strategic Solutions will learn about your firm, answer questions about our litigation funding service, give you a demo of our AdvoTrac Case Expense Financing Software, and help you apply. Your Director of Strategic Solutions will follow you through your first year as a client with us before introducing you to your Executive Client Manager.
Litigation Funding for Attorneys Gives the Ability to Compete
Litigation expenses should not be the deciding factor in the ability to seek justice.
Law firm litigation financing evens the playing field with insurance companies and allows lawsuits to be decided on their merits, not on which party has the deepest pockets.
Litigation financing for lawyers increases their ability to take on new clients without worrying about how it will affect their firm's cash flow.
Obtaining Capital For Your Litigation Expenses
Advocate™ can work with you to get capital up-front to cover your cases' associated fees. Law firms that apply and are approved by our underwriting team can submit funding requests through AdvoTrac®, our proprietary software platform.
Law firms pay us monthly for the interest on their line balance. When a case concludes, your firm can recoup your borrowing costs by using the proceeds from the case to pay the principal borrowed for case expenses.
Support From a Litigation Funding Company Can Make Cash Flow More Predictable
Securing funding gives law firms greater freedom to put their focus where it needs to be. Advocate Capital helps law firms maintain a steady flow of revenue to pay expenses and even out the mountains and valleys that a self-pay method may bring when relying on settlement returns. This leaves funds available for other priorities when money is not tied up in paying case costs.
What To Expect When Applying for Litigation Financing
To apply for the Advocate Capital, Inc. program, click here to complete our secure form. Questions? Call toll-free at 1.877.894.9724 or send us an email. Your information will be handled with the strictest confidence.
Approval is subject to our underwriting process and a decision by our underwriting committee. However, you can take this quick quiz to see if your law firm might qualify…
- Do you have at least $50,000 invested in case expenses?
- Do the partners of your firm have good credit histories?
- Has your firm been practicing successfully for several years?
- Is your firm free of ethical problems and sanctions by the bar?
If you answered yes to all of these questions, your firm may qualify to be an Advocate™ client. Apply now to get started.
Why Choose Advocate Capital as Your Litigation Financing Partner?
Advocate Capital's standards of excellence make us a leader in case expense financing. And we have the tools necessary to provide the case cost funding support you need.
AdvoTrac® is our proprietary software platform that tracks lines of credit on a case-by-case basis. Advocate Capital could reduce the net cost of capital to an average of below 1%*.
We've invested decades and millions of dollars in producing the best software for law firms to track their lines of credit case-by-case, and we are constantly improving it with the help of our law firm clients.
We do everything for you. Using AdvoTrac®, our expert team maintains all the necessary data for the client. Web portal access allows clients to review case expenses and funding lines.
Contact us today to see how our litigation funding can support your law firm!
