Farewell From Michael J. Swanson

February 28, 2022 by Michael J. Swanson

Dear friends,

I am writing to let you know that I will be retiring from the business world soon.

I am thankful for the past 21 years at Advocate Capital, learning about the vital work done by plaintiff law firms every day to ensure justice and protect us all.

I will be departing Advocate on Friday, March 4, 2022. However, I am leaving Advocate and its clients in the best of hands!

Paul Myers, our Chief Credit Officer for the last 20 years, will be taking over as Chairman and CEO.

Donna Jones, our current Executive Vice President, will be taking over as President and Director of Associate & Client Experience.

Paul, Donna, and the rest of the Advocate team look forward to serving you for many years to come.

Warmest Regards,

Mike Swanson

About Michael J. Swanson

2000-2022, Mr. Swanson served as Chief Executive Officer, a member of the Credit Committee, and a Member of the Board of Directors of Advocate Capital, Inc. He also served as the Chairman of the Board of Directors. Mr. Swanson retired on March 4, 2022. Mr. Swanson is the author of How David Beats Goliath: Access to Capital for Contingent-Fee Law Firms. This book is a definitive, common-sense read that explains how contingent-fee law firm funding works, who provides it, what it costs, and how law firms can acquire and use it efficiently.

* In most jurisdictions, a law firm can recover finance charges related to funding case expenses from case awards, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc. has the proprietary AdvoTrac^® expense tracking system and service team that allows firms to easily comply with allocation and reporting requirements. So, for example, if a firm recovers at least 90% of its advanced case expenses, like most of our clients, the annual net cost of funds is very small-typically less than 1%. Contact us to discuss how our program can work for your firm. All loans are subject to credit approval, and terms and conditions may vary.

Financial Services provided through Pinnacle Bank, a Tennessee Bank, which is a Member FDIC and Equal Housing Lender. Loans may be subject to credit approval.

About Michael J. Swanson

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