In this blog, we feature insights into the importance of allying with a financial partner that knows how to value the case inventory of contingency fee law firms.
Discontent with the myopic view of traditional banks that only wanted to assess his law firm’s past performance, Michael Duffy, managing partner of Duffy & Duffy, wanted a strategic financial partner who shared his vision and ambition for future growth.
With Esquire Bank, he found a partner who not only could view where his firm had been, but also where it was going. As a bank that is familiar with the contingency fee business model, Esquire Bank meticulously evaluated the firm’s case inventory, understanding that these cases would produce a predictable future income — factoring that into account when valuing the firm’s business for financing options.
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