Contingency cases offer the potential for substantial rewards, but they can also present financial challenges. Since firms don’t get paid until they win or settle a case, attorneys often carry the burden of case costs for months or even years. These long timelines can strain cash flow, limit growth opportunities, and add unnecessary pressure to firm operations.
At Advocate Capital, we understand the financial stress contingency firms face. That’s why we offer specialized contingency case expense financing designed to support law firms as they pursue justice for their clients.
You don’t have to wait until you retire to regain your profits. Law firms who use case cost funding can get their post-tax profits out of their cases and spend them how they want.
The Cost of Contingency
Contingency fee structures are designed to give clients access to justice without upfront costs. From filing fees and expert witnesses to medical records and depositions, litigation costs can quickly escalate into tens or hundreds of thousands of dollars.
Covering these costs out of pocket forces firms to make difficult decisions, like delaying growth investments, cutting back on staff or marketing, or even declining strong cases due to lack of funds.
This type of law firm financial stress can limit a firm’s ability to take on new clients or invest the time and resources needed to build an effective case.
A Strategic Solution: Case Expense Financing
Advocate Capital’s case cost financing solution is built to help law firms reduce financial stress while continuing to pursue the best possible outcomes for their clients.
Rather than using the firm’s capital to fund case expenses, attorneys can use our financing to pay for expert witnesses, trial preparation, depositions, and more. This finance structure empowers firms to:
1. Smooth out the cash flow valleys created by long timelines and trial delays
2. Preserve working capital for payroll, marketing, and firm operations
3. Get even better results for their clients by empowering them to invest in the best experts for their client’s case
4. Invest in stronger cases without compromising due to financial limitations
5. Expand their caseload without sacrificing cash flow
6. Improve case outcomes by accessing better resources without delay
Smarter Case Expense Management
By financing litigation costs, firms gain more control over their budgets and can plan for long-term success. Our clients report reduced financial pressure, stronger case outcomes, and greater peace of mind, knowing they can focus on their clients—not their cash flow.
Let Advocate Capital Help
You don’t have to shoulder the burden of contingency cases alone. Advocate Capital partners with successful plaintiff law firms nationwide to help reduce the financial stress of litigation and support access to justice.
To get started with case expense funding, fill out our application. If your firm is approved by our credit committee for our line of credit, you will then have the ability to reimburse yourself for the money spent on your cases by submitting a funding request through AdvoTrac®, our proprietary software platform. Interest is paid monthly on your line balance. When a case concludes, your firm will use the proceeds from the case to pay the principal borrowed for case expenses.
If implemented properly, the cost to your firm is next to nothing because AdvoTrac® allows you to track your case expense line of credit on a case-by-case basis to get reimbursed from your cases for 100% of the cost of our services on the cases that you win.
Contact us today to learn more about how case cost financing can benefit your firm.
