In this blog, we discuss the added value of case cost financing and how it enabled Siegel & Coonerty to invest heavily in case resources that helped the firm attain a $10.8 million settlement for its client.

Facing Corporate Goliaths

When representing your client against a corporate goliath, it can sometimes feel like you’re putting the livelihood of your firm on the line – especially if you’re self-financing case costs. Well-funded corporations and insurance companies have access to significant amounts of resources and capital to devote toward any case. For contingency fee law firms, the financial demands of increasing case costs can lock up capital and even cause sleepless nights.

Leveraging Case Cost Financing to Invest in Case Resources

As experienced by Andrew Siegel, founding and senior litigating partner at Siegel & Coonerty, LLP, through case cost financing, plaintiffs lawyers can level the playing field with access to capital to pay for the higher costs of expert services and case resources. This cost-effective path to increasing cash flow enables law firms to find the best experts in the field and invest in the right case resources to attain just compensation for their clients.

Allying with Esquire Bank became a game changer for Andrew Siegel – the access to capital gave him the confidence to heavily invest in case resources and experts, and enabled the law firm to attain a better result for its client, from an initial $2 million settlement offer to the final settlement of $10.8 million*.

Watch the 2-minute video below featuring Andrew Siegel, as he details the value of case cost financing and how it changed his firm’s approach to cases.

Meet with Esquire Bank 

Whether your goal is investing in growth, expanding your practice, or improving your cash flow, understanding your case inventory is an important valuation for your firm. Leveraging your firm’s case inventory to finance case disbursements can allow you the flexibility and liquidity to pivot your focus to investing in digital marketing, technology, and staff, and ultimately build case value for your clients.

Schedule a no-obligation consultation today to understand how Esquire Bank’s solution-based credit facilities for law firm financing can help you grow your law firm business.

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* Results may vary by law firm.

** 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.