How David Beats Goliath: Access To Capital for Contingent-Fee Law Firms is a book written by retired Advocate Capital CEO Michael J. Swanson about what contingent-fee law firms do and the financial challenges they face. The book defines key financial terms that law firms need to know, outlines the ten different sources of capital available to most contingent-fee law firms, including the benefits and drawbacks of each one, and offers advice to law firms considering a capital-sourcing transaction.
Swanson's work is a blend of practical financial guidance and motivational insights. It is an essential read for law firms navigating the complexities of legal financing.
Key Themes of How David Beats Goliath®
- Understanding Contingent-Fee Law Firms: The book delves into the operations of contingent-fee law firms, highlighting the financial challenges they face. Swanson explains how these firms work on a no-win, no-fee basis, making effective financial management crucial to their survival and success.
- Financial Literacy for Law Firms: Swanson defines key financial terms and concepts essential for law firms. This foundational knowledge empowers legal professionals to make informed financial decisions, ensuring their firm's stability and growth.
- Sources of Capital: A significant portion of the book is dedicated to exploring the ten different sources of capital available to contingent-fee law firms. Swanson outlines the benefits and drawbacks of each source, providing a balanced perspective to help firms choose the best financing options for their needs.
- Strategic Financial Advice: Swanson offers practical advice for law firms considering capital-sourcing transactions. His guidance helps firms navigate the complexities of financing, ensuring they make strategic decisions that align with their long-term goals.
How David Beats Goliath® is available to purchase through Amazon and Audible.
Why it Matters to Advocate Capital
As a premier provider of financial services for contingent-fee law firms, Advocate Capital understands the unique challenges trial law firms face and offers tailored solutions to address them.
How David Beats Goliath® and Advocate Capital share a common goal: to empower contingent-fee law firms to overcome financial challenges in order to grow their practice and get even better results for their clients. Swanson's book provides invaluable insights and practical advice, while Advocate Capital, Inc. offers the financial solutions and support needed to put these principles into action.
To learn more about how Advocate Capital can support your firm in achieving extraordinary results, contact us online or call us at 1.877.894.9724. Our Directors of Strategic Solutions can help you determine the best financing solution for your law firm. They will learn about your firm, answer any questions you have about our case cost financing service, give you a demo of our AdvoTrac Case Expense Financing Software, and help you apply.
