Of the many ways law firms can grow their bottom line, a smart approach focuses on investing in people and technology to increase efficiency and productivity. For Melissa Nyman, Vice President and Deputy Managing Partner of Nyman Turkish, this was the path to law firm growth she wanted to pursue for her firm.

Nyman Turkish is a nationwide Social Security disability practice, helping clients throughout the United States who become disabled. The law firm also runs a workers’ compensation practice in California.

Overcoming the Limitations of Traditional Banking

As many contingency fee law firms experience, Nyman Turkish encountered difficulties with getting its previous banking institution to provide the funding necessary for this investment. “We were unable to explain to [traditional banks] the value of our cases in a way that allowed us to partner with them to get some of that funding to help us grow,” noted Melissa Nyman. “Esquire Bank was able to understand the value of our case load in a way that a traditional bank just never could.”

Leveraging Case Cost Financing to Invest in People and Technology

Leveraging financing solutions from Esquire Bank, Nyman Turkish not only added attorneys, but the firm also invested in technology and marketing programs that enabled Nyman Turkish to reach even more clients. “After becoming partners with Esquire, we’ve really been able to invest in things that have allowed our firm to grow in an exponential way,” explained Melissa Nyman. The resulting impact of greater technology and better outreach has helped fuel exponential growth for the law firm*.

To learn more about the benefits of investing in people and technology, click above to watch this video featuring Melissa Nyman.

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** The information provided on (or accessed through) this email 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.