Line of Credit for Law Firms
Draw $30,000 for expert witness in January. Pay down from settlement in March. Draw $20,000 for depositions in June. A credit line gives law firms flexible access to capital that matches the variable, unpredictable nature of case expenses.
How much funding do you need?
Drag the slider or type an amount
Credit Lines for Legal Practice
A business line of credit is pre-approved capital you can access as needs arise. Perfect for expert witnesses, case expenses, and the variable capital needs of legal practice.
Case Expense Flexibility
Draw $40,000 for expert witness. Win the case. Repay from settlement. The line is ready for the next case without reapplying.
Settlement Timing Bridge
Draw for payroll when settlement negotiates longer than expected. Repay when settlement closes.
Interest Efficiency
Only pay interest on drawn funds. A $200,000 line with $40,000 outstanding means interest on $40,000 only.
One-Time Approval
Apply once, access for years. Each case expense does not require new applications and waiting.
Why Law Firms Need Revolving Access
Case expense timing and settlement unpredictability make credit lines valuable.
Case Expense Timing
Expert witnesses, depositions, and discovery costs arise during cases. Need capital when cases need investment.
Settlement Delays
Settlements take longer than expected. Payroll and overhead continue.
Multiple Case Investments
Several cases need investment simultaneously. Cannot predict exact timing.
Repeated Applications
Each capital need means new application and waiting. Inefficient for legal practice.
Variable Cash Flow
Contingency fee timing is unpredictable. Working capital needs vary significantly.
Opportunity Response
Case development opportunity or practice growth requiring quick capital.
Establishing Your Credit Line
Get approved once, draw for case expenses as needed.
Application
Complete application with firm information and requested limit.
15 minutes
Documentation
Provide bank statements showing fee collection patterns.
Upload documents
Underwriting
We evaluate revenue, time in practice, and creditworthiness to set limit.
7-14 days
Access
Line established. Draw funds as case needs arise.
Same-day draws
Flexible Capital for Case Expenses
A business line of credit provides pre-approved access to capital for expert witnesses, case expenses, and operational needs without waiting for new approvals.
Pay Only for Use
Interest accrues only on drawn funds. Unused capacity has minimal cost.
Revolving Access
Pay down from settlements, capacity regenerates. Ready for next case.
Case Expense Ready
Draw for expert witnesses when cases need investment.
Fast Draws
Once established, draw funds same-day for case needs.
Settlement Bridge
Bridge payroll and overhead when settlements delay.
One Application
Apply once, use for years across many cases.
Credit Line Applications
Common ways law firms use revolving credit.
Expert Witnesses
Draw for expert fees. Repay from case settlement.
Typical funding: Draw $20K-$75K
Case Expenses
Depositions, discovery, and litigation costs.
Typical funding: Draw $15K-$50K
Settlement Bridge
Bridge payroll when settlements negotiate longer.
Typical funding: Draw $25K-$75K
Technology Investment
Case management and practice technology.
Typical funding: Draw $15K-$50K
Marketing Campaign
Client acquisition advertising.
Typical funding: Draw $15K-$40K
Associate Hiring
Fund new associate while building their caseload.
Typical funding: Draw $30K-$75K
Credit Line vs. Other Financing
Understanding when revolving credit makes sense.
| Feature | Line of Credit | Term Loan | MCA |
|---|---|---|---|
| Payment Structure | Interest on balance | Fixed monthly | Daily/weekly |
| Revolving | Yes, automatically | No | Sometimes |
| Speed of Access | Same day draws | New application | New advance |
| Pay for Unused | Minimal or none | N/A | N/A |
| Best For | Variable case expenses | Known amounts | Emergencies |
| Case Expense Fit | Excellent | Poor | Good |
| Flexibility | Maximum | Low | Moderate |
| Qualification | More stringent | Standard | Revenue focus |
Credit Line Requirements
What qualifies law firms for revolving credit.
Practice History
Established law firm with fee collection track record.
2+ years preferred
Revenue Level
Demonstrated fee revenue showing practice capacity.
$400,000+ annual
Attorney Credit
Attorney owner credit score important for credit line approval.
660+ preferred
Fee Collection
Consistent fee collection patterns.
Consistent patterns
Bank Statements
Firm bank account showing revenue and cash flow.
6+ months statements
Profitability
Demonstrated profitability or positive cash flow.
Positive cash flow
Credit lines require stronger qualifications. The ongoing access commitment justifies thorough evaluation.
Real Results
Pacific Trial Lawyers
Personal Injury, California
The Challenge
Pacific faced variable case expenses: expert witnesses, depositions, and discovery costs across multiple cases. Each need previously required new financing application.
The Solution
We established $125,000 business line of credit. Pacific draws for case expenses and repays from settlements.
The Result
Over 18 months, the firm has drawn and repaid over $180,000 through the same line. Expert witnesses funded immediately. No delays in case preparation.
“Expert witness decisions used to involve financing scrambles. Now I draw what I need and repay from settlements. Cases get proper investment.”
Law Firm Credit Line Data
Statistics on revolving credit for legal practices.
Why Law Firms Choose Credit Lines
Benefits of revolving access for legal practice.
Case Investment
Expert witnesses funded when cases need them.
Settlement Bridge
Bridge payroll when settlements delay.
Cost Efficiency
Only pay for capital actually used.
One Application
Apply once, use across many cases.
Cash Flow Management
Professional tool for managing practice finances.
Growth Support
Fund case expenses without cash flow stress.