Business Funding for Law Firms
The personal injury case requires $85,000 in expert witnesses and depositions. The partner retiring wants to sell her book of business. Your best associate is ready to make partner but you need to restructure equity. Law firms operate on case economics where capital timing determines which cases you can take and how your practice grows.
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Understanding Law Firm Finance
Law firms face unique financing challenges driven by case cost requirements, contingency fee timing, partner transitions, and the capital gap between case expenses and eventual settlement or judgment.
Case Cost Reality
Complex litigation requires significant upfront investment. Expert witnesses cost $5,000-$50,000 each. Depositions, exhibits, and trial preparation add up. Cases are won with resources.
Contingency Economics
Contingency fee practices invest in cases for months or years before payment. The firm funds all costs until settlement, creating substantial working capital needs.
Partner Transitions
Partner retirements, buyouts, and succession planning require capital. Book of business acquisitions are significant investments.
Practice Growth Timing
Growing a practice requires hiring before revenue catches up. Associate salaries, marketing, and case investment precede increased billings.
Why Law Firm Financing is Different
Case economics, contingency timing, and partner transitions create unique capital needs.
Case Cost Investment
The big case needs $100,000 in experts, depositions, and prep. Declining means watching a competitor take a $3M settlement.
Contingency Cash Flow
You're carrying 15 contingency cases. Some will settle in months, others in years. Firm overhead continues daily.
Partner Buyout
Senior partner is retiring. Her book is worth $400,000. You need to finance the transition to keep those clients.
Practice Growth Investment
Adding an associate costs $150,000/year. Revenue follows 12-18 months later. Growth requires capital bridge.
Technology and Marketing
Client acquisition costs money. Legal tech improves efficiency. Both require investment before returns.
Seasonal Billing Variation
Corporate work has quarterly patterns. Contingency settlements are unpredictable. Cash flow is never smooth.
Financing Built for Law Firms
Capital solutions structured around how law firms actually operate. We understand case cost timing, contingency economics, partner transitions, and the reality that legal practice growth requires capital investment.
Case Cost Financing
Fund expert witnesses, depositions, exhibits, and litigation costs. Invest in cases that deserve resources.
Practice Acquisition
Purchase a practice, buy out a partner, or acquire a book of business. Finance firm transitions.
Working Capital
Bridge contingency timing, fund firm operations, or cover seasonal billing variation.
Growth Investment
Hire associates, expand practice areas, or invest in marketing before revenue follows.
Legal Practice Understanding
We understand firm economics, case timing, and legal industry specifics.
Confidentiality
Understand attorney obligations and maintain appropriate confidentiality in dealings.
How Law Firms Use Funding
Real scenarios where law firm financing enables practice growth.
Case Cost Investment
Expert witnesses, depositions, trial exhibits, and litigation expenses.
Typical funding: $50K-$250K
Partner Buyout
Finance partner retirement, book of business acquisition, or equity restructuring.
Typical funding: $200K-$1M
Associate Hiring
Fund salaries and overhead while new attorneys build their practices.
Typical funding: $75K-$200K
Office Expansion
Additional space, new location, or office renovation.
Typical funding: $50K-$300K
Marketing Investment
Client acquisition campaigns, SEO, advertising, and business development.
Typical funding: $25K-$100K
Technology Upgrade
Practice management software, research tools, and legal technology.
Typical funding: $15K-$75K
Law Firm Financing Options
Understanding the range of capital solutions for law firms.
| Feature | Alternative Lender | Bank Loan | Litigation Funder |
|---|---|---|---|
| Approval Speed | 7-21 days | 45-90 days | 30-60 days |
| Legal Practice Understanding | High | Low | Case-specific |
| Case Cost Financing | Available | No | Primary focus |
| Working Capital | Available | Available | Limited |
| Partner Buyout | Available | Available | No |
| Amount Range | $50K-$1M | $250K+ | Varies by case |
| Cost | Moderate | Lowest | Highest |
| Repayment | Fixed terms | Fixed terms | Case outcome |
Law Firm Qualification Basics
General guidelines for law firm financing. Every situation is evaluated individually.
Licensed Attorney
Active bar membership in good standing.
Licensed attorney
Established Practice
Operating law firm with revenue history.
1+ years for most products
Annual Revenue
Consistent firm revenue demonstrating viability.
$300,000+ annual revenue
Practice Financials
Tax returns and financial statements for larger amounts.
2 years tax returns
Case Portfolio
For case cost financing, existing case portfolio provides context.
Active caseload
Personal Credit
Partner credit reviewed. Firm financials also matter.
650+ for best terms
Law firms with strong revenue and established practices demonstrate financing stability. Case portfolios and billing history provide evaluation foundation.
Real Results
Morrison & Associates
Personal Injury Law, California
The Challenge
Morrison & Associates had a product liability case with strong merits but $120,000 in required expert witnesses and discovery costs. The firm was already carrying 12 contingency cases. Taking on $120K more in case costs would strain operations.
The Solution
We provided $150,000 in case cost financing, allowing the firm to fully invest in the product liability case while maintaining working capital for operations.
The Result
Case settled for $2.8M after 14 months. Firm's 35% contingency plus cost recovery generated $980,000+ in gross. Net return on the financing was exceptional.
“We knew the case had merit but couldn't justify depleting firm capital on a single matter. Case cost financing let us take a case we would have otherwise declined. The settlement justified every dollar.”
Legal Services Industry Snapshot
Key metrics shaping law firm financing decisions.
Why Law Firms Choose Us
What sets legal practice financing apart.
Case Cost Understanding
We understand that winning cases requires investment in experts, discovery, and trial preparation.
Contingency Timing
Contingency practices invest before payment. Our financing bridges that gap.
Partner Transitions
Buyouts, succession planning, and equity restructuring require capital. We finance firm transitions.
Growth Investment
Hiring associates, expanding practice areas, marketing. Capital for practice growth.
Professional Understanding
We understand attorney obligations and maintain appropriate professionalism.
Speed When Needed
Case deadlines and opportunities don't wait. Decisions in days, not months.
Explore Your Options
Different financing products for different needs. Find the right solution for your business goals.
Working Capital Loans
Bridge contingency timing, fund case costs, or cover firm operations. Working capital structured for legal practice economics.
Business Term Loans
Finance partner transitions, practice acquisition, or major firm investments. Structured terms for significant capital needs.
Business Line of Credit
Pre-approved capital for case costs, operations, or opportunities. Draw as needed for variable firm needs.
SBA Law Firm Loans
Government-backed financing with the best rates. Ideal for practice acquisition or major firm expansion.
Revenue-Based Financing
Payments tied to firm revenue. Busy billing periods pay more, slower periods adjust automatically.
Equipment Financing
Finance legal technology, office equipment, and practice infrastructure.