Law Firm COOs: Essential to Running Your Firm’s Operations
Law Firm COOs: Essential to Running Your Firm’s Operations
Challenges of Running Your Law Firm as a Business
Marketing Best Practices: The Value of Client Reviews
4 Keys to Leveraging Technology for Law Firm Growth
How to Measure Law Firm Case Intake Effectiveness: 3 Key Metrics
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.
In this eBook, you’ll discover five key areas of strategic focus and actionable best practices across law firm business workflow.Download EBOOK
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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