How to Experience Exponential Growth: The Key to Attaining Bigger Settlements
In Part 2 of this “Experience Exponential Growth” blog series, , we discuss the key to attaining bigger settlements for your law firm without locking up your own capital into case costs.
The Key to Attaining Bigger Case Settlements
Accruing case costs is like a revolving door. Expert witnesses, forensics, and medical reports are always in play, one after the other, and the costs add up quickly.
Not to mention, plaintiffs law firms often must cover these costs out of pocket, even at direct expense to the firm’s owners. And if the case goes on for years, the firm won’t see that money again for a long time. Besides, the bigger (and longer) the case is, the bigger the case costs involved.
The fact is, when your contingency fee law firm has the liquidity and capital to spend on case disbursements, it can deliver greater client and case value – and ultimately more revenue. That’s a win-win-win.
And when it comes to wins, Philadelphia-based personal injury law firm Laffey, Bucci & Kent knows a lot about them.
Instead of self-financing case costs, which would effectively put limitations on what the firm could do to support cases, Jeffrey Laffey, the founder of Laffey, Bucci & Kent, knew there was a better way. He utilized case cost financing to create greater financial freedom, enabling the firm to approach and manage cases the right way – without shortcuts. “We have all the resources to dot every “i” and cross every “t” to hire the appropriate experts, take every deposition that we need to do. We are not in any way, shape or form intimidated by what it may cost us to get the topnotch results that the client deserves,” noted Jeffrey Laffey.
This law firm financing solution, coupled with Laffey’s track record of both advocating for victims of construction and work injuries and winning multi-million-dollar settlements, was the key to Laffey, Bucci & Kent’s bold success.
Because Jeffrey Laffey pursued a case cost financing solution that helped level the playing field against the typical corporate goliath, his law firm found justice for its client which led to bold growth for the firm.
This is an important distinction, because by freeing up capital to spend more on your case, you can attain greater settlements, which in turn, delivers greater value your clients…and leads to the exponential growth your firm needs.
How Did They Do it?
Want to read more about Laffey, Bucci & Kent’s proven strategy for financing case costs, not taking any shortcuts, and attaining bigger case settlements? Or watch the video of the firm’s success story.
Read More Blogs from Our Experiencing Growth Series
Next in Part 3 of our Experiencing Exponential Growth series, you’ll learn about “Building Your Firms Brand”, and how Pond Lehocky Giordano invested in marketing initiatives to scale law firm growth.
Meet with Esquire Bank
Learn how your law firm can finance its case costs and free up capital to invest in talent, operations, case acquisition, and growth. Schedule a no-obligation consultation with an Esquire Bank Business Development Officer today at a time convenient to your schedule.
Looking to Learn More About Law Firm Growth Strategies?
Download the eBook now, “5 Best Practices from Law Firms That Are Growing and Succeeding Boldly,” to get your hands on our top strategies for achieving exponential growth.
* The information provided on (or accessed through) this blog is provided for general informational purposes only and is not intended as, and should not be relied on for, law firm operations, tax, legal or accounting advice. Some of the information may not be applicable or appropriate for all law firms. Please consult your own tax, legal and accounting advisors as appropriate. Results may vary by law firm.
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.
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