In this blog, we feature insights into how successful plaintiffs law firm owners are leveraging debt to invest in marketing, technology, and talent for their firms.

Whether you want to run more marketing campaigns, hire top-tier talent, invest in tech such as case management systems, or improve operational efficiency and effectiveness by building specialized teams, your law firm needs to have quick and easy access to capital.

“I realized that capital [the money] is really the fuel for any business. And if you don’t have enough or don’t have access to enough, well, then you don’t have enough fuel to scale and grow.”

—Reza Torkzadeh, Founder & CEO of TorkLaw

Although all of these investments will  improve your business and accelerate growth, if your firm is self-funded, you’re most likely tying up most of your cash in case costs. Money tied up in case costs is money that’s not working to grow your business. Many smart, contingency fee law firm owners have financed their case costs in order to free up cash for business growth. Case cost financing is quickly becoming more common, giving firms that finance their case expenses a leg up on their self-funded peers.

“Esquire Bank helped me obtain all different types of lines of credit. My working capital line of credit, which assists in my day-to-day needs, as well as covering costs for medical malpractice and personal injury cases. Then a case line of credit which helps with including the mass tort area. Instead of me waiting for financing, I can actually get finances out now to go to the next project.”

– Mick Grewal, President/CEO

In addition to financing case costs, law firms can also seek other forms of financing such as a Working Capital Line of Credit or a Case Acquisition Line of Credit. For qualifying firms, these additional lines of credit can enable exponential growth by giving law firm owners the flexibility to plan for big purchases such as expensive domain names, pricey but effective technology systems, or high-value talent hires.

Watch the video above to learn how some of our most successful clients are leveraging debt through lines of credit with Esquire Bank to accelerate their growth.

Download the “Typical Lending Options” Infographic

Learn about “Typical Lending Options for Contingency Fee Law Firms” and the value of Esquire Bank’s case cost financing solutions, click below to download our infographic.

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Learn how your law firm can leverage debt to finance its case costs and free up capital to invest in operations and growth. Schedule a consultation with an Esquire Bank law firm banking expert at a time convenient to your schedule.

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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.