Banks Can’t Loan Against Contingent Fees
If your law firm needs a loan, banks are always a good place to start. However, most banks require collateral equal to or greater than the loan, in the form of personal assets. Your choice is to accept substantially less money from the bank or pledge personal assets to obtain a larger loan. Banks don’t value and just won’t loan against contingent assets such as your fees.
At Counsel Financial we understand that contingent litigation makes great collateral. We have the background and experience in law firm financing to recognize the value of your work. We make a realistic assessment of the dollar amount you and your law firm will collect in all of your current and future cases and offer a four year credit line, assuring that your firm will never be without sufficient funds again. The greatest percentage of your net worth is in the cases – we know that!
Obtain the Loan Quickly and Easily
We know you’re busy. That’s why we provide hassle-free litigation lending, with a team of legal and financial professionals to help you.