Funding for Attorneys
Law Firm Financing, Lines of Credit and Non-Recourse Loans
Rapid Legal Finance helps attorneys and law firms increase cash flow so they won’t have to turn away business or refer business to other law firms while waiting for their fees. We provide attorney financing, law firm loans, lines of credit, and cash advances by leveraging the attorney’s pending and settled case inventory as collateral.
Banks and traditional lending institutions primarily consider credit worthiness and the cash flow of a law firm as the main factors for financing, putting partner attorney credit and assets at risk and tying up personal collateral. In contrast, we consider the expected contingency fees from pending and/or settled cases, and because of our expertise in valuing contingency-fee cases, we are able to offer significantly higher amounts of capital than traditional institutions. And we do so in less time with little or no risk to the personal assets or credit of the attorney or firm. The funding program we offer is tailored to the law firm’s practice needs.
Our financing leverages the anticipated favorable settlement of a group or portfolio of suitable pending cases, and is secured with an agreement providing that funds advanced shall be repaid, plus a fee, when the relevant lawsuits ultimately settle. The cost of this type of funding depends upon the length of time the funds are outstanding and the perceived risk of these cases. There are no monthly payment requirements - the advance is paid back after successful resolution of the pledged cases.
Rapid Legal Finance has extensive capital on hand to provide funding that best meets the attorney’s or law firm’s needs. Call or email us today and we will review your case portfolio and funding needs and advise you of your options.
In addition to assisting you/your firm with your funding needs, Rapid Legal Finance also provides cash advances to your personal injury clients against the proceeds of their cases. This alleviates pressure on you to accept low settlement offers because of their pressing financial needs. When your client asks you for a cash advance and you are unable to comply because it is unethical and/or prohibited by law, you can get your client the funds he/she needs. Call or email us and we will get in touch with your client, taking very little of your and your staff’s time. We make funding decisions quickly and provide your clients with the funds they need by wire transfer or overnight mail.
Call or email us to learn more or you can apply here on your client’s behalf. You can also refer your client directly to us and we will explain how cash advances work to your client and get him/her started.