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Growth

Avoiding the Number One Mistake When Growing Your Firm: Sunk Costs

When your money is tied up in case costs, it becomes a sunk cost. Financing case costs is a smart approach to growing your law firm. Watch this video featuring Kevin Danesh, managing partner at BD&J.

Finance

Law Firm CFOs: Why and When Plaintiffs Law Firms Need One

As many owners of successful contingency fee law firms soon discover, law firm CFOs are vital to the future growth and success of firms. Watch this video about why law firm CFOs are important and when a firm should consider adding a CFO, featuring Tim McKey.

Intake

Assessing Law Firm Growth: Discerning the Signs

Assessing law firm growth can be challenging. Knowing how to recognize growth pains and discern when it’s time to build out the operations of a law firm is key. Watch this video featuring Tim McKey, CEO at Vista Consulting.

Download your free copy of Scaling for Success:
The Contingency Fee Law Firm Playbook for Law Firm Growth

In this eBook, you’ll discover the four stages of law firm growth, plus strategies for accelerating your law firm growth stage to bold success.

Download EBOOK

growth

growth

Trial Lawyers: 5 Key Areas to Invest in for Growing Your Law Firm

Growing your law firm demands more than just exceptional legal expertise. Read this informative blog to learn 5 key business areas to invest in for growth.

growth

Is Your Contingency Fee Law Firm a Growth Optimizer?

If your contingency fee law firm is a market leader looking to expand, you're most likely a Growth Optimizer. Find out key insights in this blog.

growth

Is Your Contingency Fee Law Firm a Growth Leader?

If your contingency fee law firm has a proven, track record and solid reputation, you're a Growth Leader. Find out key insights in this blog.

finance

finance

Understanding The Benefits of Deferring Contingency Fees

Discover the benefits of deferring contingency fees as related to single-event, multi-party, and mass tort matters in this blog featuring Laura Baroudi, Director of Settlement Planning at Milestone.

finance

Choosing the Right Bank is Crucial for Contingency Fee Law Firms

When it comes to law firm growth, choosing the right right bank is crucial for contingency fee law firms. Read this blog for key insights.

finance

How to Mitigate Irregular Cash Flow in Contingency Fee Law Firms

Discover key strategies for how to mitigate the irregular cash flow in contingency fee law firms. Read this blog for important insights.

marketing

marketing

Cherry Garcia Beats Vanilla: Build a Unique Law Firm Brand

Mike Morse, founder of Michigan’s largest personal injury firm explains how to build a unique law firm brand – one of his 5 key principles for law firm success.

marketing

4 Ways Marketing Free Branded Merch Can Benefit Your Law Firm

Marketing free branded merch can be an effective way to increase brand awareness, generate leads, and build relationships for your law firm. Learn important insights in this blog.

marketing

How Plaintiffs Law Firms Can Solicit Word-of-Mouth Referrals

Word-of-mouth referrals are one of the most effective ways for plaintiffs law firms to solicit new clients. Read this blog for important insights.

technology

technology

How to Master Legal Tech: 5 Key Trends for Plaintiffs Law Firms

Learn how to master legal tech with detailed insights from Mary Ellen Murrah of Vista Consulting about 5 key trends for plaintiffs law firms.

technology

Leveraging Technology and Automation for Mass Tort Settlements

Learn the benefits of leveraging technology and automation within your mass tort firm for post-settlement distribution, featuring insights from Sam Dolce, attorney and VP at Milestone.

technology

Turning Crisis into Innovation for Contingency Fee Law Firms

For contingency fee law firms, the pandemic was not just a disruption—it was a catalyst, turning crisis into innovation for legal tech. Read this blog for important insights from Vista Consulting.

intake

intake

Plaintiffs Law Firms: How to Understand and Exceed Modern Client Expectations

Mary Ellen Murrah, chief strategy and marketing officer at Vista Consulting, details how to understand and exceed modern client expectations as they continue to evolve. Read this blog for important insights.

intake

4 Ways to Elevate the Client Journey for Law Firms

For contingency fee law firms, the key to building a successful law practice goes beyond providing excellent legal representation. Read this blog to understand the 4 ways to elevate the client journey, featuring insights from Mary Ellen Murrah, operations consultant from Vista Consulting.

intake

5 Key Areas for Building An Optimal Intake Team

There are five key areas you should focus on when building an optimal intake team for your contingency fee law firm. Read this blog to learn more.

accounting

accounting

3 Key Strategies for Handling Multi-party Case Settlements

Discover three proven strategies for successfully managing multi-party cases settlements, including multi-party QSFs. Read this blog featuring insights from Milestone, an innovator in post-settlement solutions for mass tort and multi-party litigation.

accounting

Using the 3 P’s: Preparation, Planning, and Proactivity for Your Firm

As law firms face increased competition, employing the 3 P's of law firm finances: Preparation, Planning, and Proactivity is critical. Read this blog for important insights.

accounting

Top 3 Accounting Best Practices for Successful Plaintiffs Law Firms

There are three essential accounting best practices that contribute to contingency fee law firm success. Read this blog for important insights.

Latest Videos

Growth

How to Build Bold Success: Keches Law Group Testimonial

Learn how Sean Flaherty and Keches Law Group partnered with Esquire Bank to invest in the firm's key business areas and build bold success. Watch the video for important insights.

5 Minute Video
Growth

Run Your Plaintiffs Law Firm Business Like Your Best Case

Growth

Data-driven Success for Personal Injury Law Firms: The Jumbotron Principle

Growth

Testing: The Key for Personal Injury Firms to Identify Top Talent

Growth

Five Key Principles for Contingency Fee Law Firm Success

Stories of Success

For Grewal Law, a family-owned Michigan law firm, leveraging flexible, financing solutions was the key to significant practice area expansion and an increase of 162% in revenue over two years.

Through Esquire Bank’s financing solutions, Grewal Law now had reliable, financing options for its personal injury and medical malpractice cases and could pursue new practice areas.

 

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Stories of Success

For Atlas Consumer Law, achieving exponential growth resulted from investing in enhancing its case intake and case management process and systems.

The catalyst – leveraging its contingent case inventory, the Illinois-based law firm invested in building a call center, streamlining its case acquisition process, and creating a highly-efficient remote office operation.

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Stories of Success

By investing in case resources through the financing solutions of Esquire Bank, Philadelphia-based personal injury law firm, Laffey Bucci D’Andrea Reich & Ryan, has significantly increased operations contributing to growth and resulting in a 365% revenue increase over three years.

In Esquire Bank, Laffey Bucci D’Andrea Reich & Ryan found a strategic partner that provided flexible financing solutions which enabled the law firm to better attain justice for every client and fuel the law firm’s growth through the pandemic and beyond.

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Stories of Success

Like many contingency fee law firms, Florida-based Ged Lawyers, LLP faced the familiar challenge of balancing cash flow between the demands of current case disbursements and the future needs for pursuing law firm growth. 

The combination of a consultative relationship and custom financial solutions provided the strategic guidance and growth catalyst to help the law firm realize a 95% increase in case fees in just one year and a 99% increase in revenue over a three-year period since partnering with Esquire Bank.

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Stories of Success

Pond Lehocky Giordano is a workers’ compensation law firm with a peripheral personal injury business. The firm began with only six attorneys and 22 staff members but has grown into one of the largest workers’ compensation and Social Security Disability advocacy law firms in the nation.

By connecting with Esquire Bank, Pond Lehocky Giordano found a likeminded, strategic partner. Because of its legal industry expertise and similar customer centric, digital technology mindset, Esquire Bank helped the law firm take advantage of case disbursement financing solutions.

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Stories of Success

When Wingate, Russotti, Shapiro, Moses & Halperin, a contingency fee law firm based in New York, partnered with Esquire Bank, the law firm freed up the money previously tied up in case costs and channeled it into growth and hiring new attorneys.

Before its partnership with Esquire Bank, the increasing cost of handling high value cases was proving onerous for WRSMH. Like many contingency law firms, WRSMH found traditional banking solutions were focused on previous financial performance instead of future value.

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Stories of Success

Kreindler & Kreindler, a $20 billion firm from New York specializing in aviation accidents, is a firm that routinely sees case costs in the tens of millions.

That’s why it was imperative for Kreindler & Kreindler to find the most competitive interest rates along with a financial institution that had the nuanced understanding required to tailor financial solutions to their unique business needs.

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Stories of Success

Edelman & Edelman is a New York City-based law firm founded in 1956, specializing in construction accidents and medical malpractice cases. They have leveraged Esquire Bank’s case cost financing solutions to build a successful, highly competitive personal injury firm.

Since partnering with Esquire Bank, Edelman & Edelman has grown the value of their case inventory by 80%, increasing the fees associated with their cases by 78%. A clear line can be drawn from Martin Edelman’s decision to acquire a case cost line of credit to his ability to grow fees.

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Stories of Success

Silberstein, Awad, & Miklos, a New York-based law firm, utilized Esquire Bank’s case cost financing solutions, doubling in size, client base and revenue.

In the twelve years since Silberstein, Awad and Miklos chose Esquire Bank, the law firm has reported huge successes. Freeing up their capital to focus on growth has seen the firm double, not only in size, ultimately resulting in a greater revenue for their law firm.

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Stories of Success

Duffy & Duffy, is a New York-based contingency fee law firm that has relied on Esquire Bank’s banking services and case cost financing solutions for nearly seven years.

Duffy & Duffy’s ability to use their existing capital for other means has freed them to expand faster, including hiring more lawyers as needed. At the same time, their case cost line of credit has provided them the flexibility to invest more in their cases, resulting in greater outcomes for their clients.

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Stories of Success

Since allying with Esquire Bank and leveraging its case cost financing solutions, Lerner & Rowe has grown case fees by 26%, marketing expenses by 22%, and significantly increased profits in a single year.

In Esquire Bank, Lerner & Rowe found a strategic banking partner that understood the firm’s unique business model and accurately valued its case inventory.

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Stories of Success

Allying with Esquire Bank, TorkLaw significantly grew its staff, doubled the value of its case inventory, and increased marketing spend by +71% and revenue by +74% while expanding nationwide.

By tapping into Esquire Bank’s flexible financial solutions, TorkLaw leveraged the capital it needed to scale the firm’s business for exponential growth.

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Stories of Success

In 2020, when case fees and, subsequently, net income dropped dramatically for most contingency fee law firms, with the backing of Esquire Bank, BD&J invested heavily in marketing.

Increasing its marketing spend by 177% in 2020 brought in the cases and fees necessary to realize a net income gain of +40% in 2020.

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Further Insights

Growth

Trial Lawyers: 5 Key Areas to Invest in for Growing Your Law Firm

Growing your law firm demands more than just exceptional legal expertise. Read this informative blog to learn 5 key business areas to invest in for growth.

Growth

Is Your Contingency Fee Law Firm a Growth Optimizer?

Growth

Is Your Contingency Fee Law Firm a Growth Leader?

Growth

Is Your Contingency Fee Law Firm a Growth Improver?

Growth

Is Your Contingency Fee Law Firm a Growth Starter?

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