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Featured Insights

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.

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growth

growth

How Private Equity Investment is Disrupting the Legal Industry

The influx of private equity investment (PE) has had a significant impact on the legal industry, particularly in the realm of alternative business structures (ABS). Learn important insights from this blog.

growth

The Top 3 Factors to Growing a Successful Law Firm

For contingency fee law firm owners, there are three top factors to consider for growing a successful law firm. Watch this video featuring Reza Torkzadeh, founder and CEO of TorkLaw.

growth

Effective Law Firm Leadership: Building Growth with Vision and Culture

This blog, featuring Reza Torkzadeh, founder and CEO of TorkLaw, explores the transformative power of leading with vision and culture, revealing how it can drive sustainable growth and set firms apart from the competition.

finance

finance

3 Ways to Present a Strong Case Pipeline for Plaintiffs Law Firms

For contingency fee law firms, presenting a strong case pipeline is a critical narrative to show a firm's capacity for sustained growth. Read this blog for insights from Tim McKey, CEO of Vista Consulting.

finance

How to Acquire Smart Financing for Sustainable Law Firm Growth

In the face of pressure from the increase in Private Equity law firms, contingency fee law firms are seeking to acquire smart financing to fuel law firm growth.

finance

Understanding Law Firm Funding Options: Contingency Fee Law Firms

There are a few law firm funding options for contingency fee law firms, but one option is best for the unique plaintiffs firm business model. Read this informative blog to learn how case cost financing helps firms leverage their contingent case inventory.

marketing

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.

marketing

Is Podcast Advertising Only for Big Law Firms?

Podcast advertising can be a very effective way for smaller contingency fee law firms to reach new clients without breaking the bank. Read this blog for important insights.

technology

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.

technology

The Transformative Power of AI for Law Firms

Learn how your firm can streamline processes, enhance client service, and improve productivity by leveraging the transformative power of AI for law firms.

technology

Leveraging Predictive Analytics for Law Firm Growth

By using predictive analytics in operations, contingency fee law firms can improve case intake, resolve cases faster, and achieve greater settlements.

intake

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.

intake

First Impressions: Creating the Right Customer Experience from Intake

The growth of your contingency fee law firm often hinges on how you manage the initial stages of the customer experience. Learn more by reading this blog about the importance of first impressions for law firm case intake.

accounting

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.

accounting

Accounting for Cash Flow Issues that Hinder Contingency Fee Law Firms

There are four common cash flow issues that can hinder contingency fee law firms from achieving financial stability. Learn important insights for your law firm by reading this blog.

Latest Videos

Growth

The Top 3 Factors to Growing a Successful Law Firm

For contingency fee law firm owners, there are three top factors to consider for growing a successful law firm. Watch this video featuring Reza Torkzadeh, founder and CEO of TorkLaw.

3 Minute Video
Growth

Effective Law Firm Leadership: Building Growth with Vision and Culture

Growth

Top-Down Law Firm Leadership: Building an Engaging Environment

Growth

Four Key Areas of Investment for Sustainable Law Firm Growth

Technology

Optimizing Law Firm Operations with Technology

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 & Kent, has significantly increased operations contributing to growth and resulting in a 365% revenue increase over three years.

In Esquire Bank, Laffey, Bucci & Kent 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

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.

Finance

3 Ways to Present a Strong Case Pipeline for Plaintiffs Law Firms

Accounting

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

Technology

The Transformative Power of AI for Law Firms

Technology

Leveraging Predictive Analytics for Law Firm Growth

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