4 Minute Video

Finance

Fueling Growth: The Power of Capital for Plaintiffs Law Firms

In this blog, we discuss the power of capital for plaintiffs law firms to fuel growth and increased case volume, featuring insights from bestselling author, Reza Torkzadeh, founder and CEO of TorkLaw.

Click above to watch the video.

Managing Cash Flow Challenges

Cases are the growth engine of a contingency fee law firm. The fundamental requirement for properly prosecuting a case is capital. Without sufficient funding, it’s a true struggle to litigate a case to its full value. Many contingency fee firms struggle with consistent cash flow and access to capital for years and years, which can curb the rate of how quickly they can grow, limiting the volume and types of cases they can handle at any one time.

“The fundamental requirement to properly prosecute a large case is capital; to hire the best experts and to be able to litigate that case confidently until its full value.”

—Reza Torkzadeh, Founder & CEO of TorkLaw

In addition, while injecting the necessary capital into litigating cases, the firm must still meet its many spending commitments to keep the firm running such as payroll and rent. On top of that, if the firm wants to grow, it must continue investing in marketing to acquire more cases, and that requires the power of capital.

This adds up to a hefty bill at the end of each month, and many firms without a consistent in-flow of case fees find themselves struggling to keep the lights on, much less growing at exponential rates. This is why many contingency fee firms find themselves languishing for years in a stalled growth stage as they’re tied to the lifespan of their cases. Properly prosecuting a case to its full value often takes more time than a firm can afford because they don’t have enough runway.

Unlocking the Power of Capital: Finding the Right Financial Partner

This is why it’s pivotal to have a financial partner who understands the contingency fee business model and the specific capital needs of a contingency fee firm. There are plenty of banks and financial partners that offer financing to contingency firms. However, few banks and financial partners have the expertise to value a firm’s case inventory with the authority to lend against it. Fewer have the vision and understanding to confidently extend access to big capital investments in costly growth drivers such as the purchase of an expensive web domain, case management and client communications technology integrations, or multi-year projects such as building a call center.

Choosing the right financial partner to take your firm out of the feast and famine cycle of cash flow challenges can be the difference that drives true growth.

Watch the video above featuring Reza Torkzadeh, founder and CEO of TorkLaw, as he discusses the power of capital and how he has doubled his firm’s case inventory year-on-year, increased revenues by 80%, and tripled his staff by partnering with Esquire Bank.

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.

Download eBook

Meet with Esquire Bank

Has your law firm’s growth plateaued? Learn how your law firm can finance its case costs and free up capital to invest in marketing, technology, talent, operations, case acquisition, and growth.

Speak with an Esquire Bank law firm banking expert today.  Book a consultation at a time convenient to your schedule.

Special Offer

And, as a Thank You, we’ll provide you with a complimentary copy of Reza Torkzadeh’s bestselling book ‘The Lawyer as CEO’. Reza Torkzadeh is the founder and CEO of TorkLaw, an Irvine, California-based, personal injury law firm.

Meet with Esquire Bank

* 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.

Reza Torkzadeh

Founder and CEO of TorkLaw

Ari Kornhaber

Ari Kornhaber

EVP & Head of Corporate Development at Esquire Bank

  • Life Cycle Stage: Educated - Best Practices
  • Content Tier: silver
  • Content Type: video

Password Reset Complete

Please log in with your email and new password to continue.

If you don't have an account, create one.

By providing your email, you agree to our terms and use.

Join LawyerIQ to read the full article

Enter your email address to register for a free LawyerIQ account. This ensures we only recommend content you’re interested in based on your preferences.

If you already have an account, log in here.

By providing your email, you agree to our terms and use.

Join LawyerIQ to watch the full video

Enter your email address to register for a free LawyerIQ account. This ensures we only recommend content you’re interested in based on your preferences.

If you already have an account, log in here.

Join LawyerIQ for free and get access, to Platinum content

Enter your email and register for a free profile. This will help us suggest more content you may be interested in based on your preferences. With Platinum access you’ll enjoy:

If you already have an account, log in here.

By providing your email, you agree to our terms and use.

Welcome back to LawyerIQ

Enter the email address associated with your account to log in.

Forgot your password?

If you don't have an account, create one.

By providing your email, you agree to our terms and use.

Join LawyerIQ for free and get access to Platinum content

Enter your email and register for a free profile. This will help us suggest more content you may be interested in based on your preferences.

Guest Users Receive:
  • Access to limited content
LawyerIQ Members Receive:
  • Up-to-date insights on industry trends and your specific interests
  • Tailored content shared directly to your personalized dashboard
  • Content updated frequently as industries and/or trends evolve

If you already have an account, log in here.

Help us improve your LawyerIQ experience

Choose all that apply.

What topics are you most interested in?