Growth 

How Law Firms Succeed Boldly with Esquire Bank

Flexible, Financing Solutions 

At Esquire Bank, we provide flexible, financing solutions that help law firms succeed boldly. For each client, we take relationship banking to a new level with a like-minded business perspective and game-changing technology that fuels your success.

Built by attorneys for attorneys, Esquire Bank not only understands the unique business model of contingency fee law firms, we strive to exceed your expectations with a host of attorney-specific solutions delivered by a dedicated Relationship Manager.

Case Cost Financing

As an asset based lender, Esquire understands that contingent case inventory is a law firm’s most valuable asset. These cases can and should be used as collateral for lending purposes. Our unique understanding of how to value contingent case inventory is sets us apart from other financial institutions. We provide the capital needed for case costs and growth based on the future value of your cases when other banks look to your past results, with better terms and more competitive rates than non-bank finance companies.

Planning The Path to Exponential Growth

If you’re looking to expand your law firm, you’re probably considering one of two paths: acquisition or organic growth. Both require access to capital and liquidity – and the way you go about financing has the potential to unlock limited gains or unleash bold success.

Many law firms pay for case costs from their revenue (“self-financing”) – which on the surface may seem like a sound approach but can be highly limiting for firms looking to grow operations and expand into new practice areas or geographic locations. Often, exponential growth requires outside financing to free up cash flow to accelerate growth projects and timelines, while affording greater strategic financial flexibility.

That said, traditional sources of financing typically have drawbacks, trade-offs or compromises:

  • Traditional banks can improve your ability to finance new cases, but limit the amount they’ll lend you or burden partners with onerous covenants.
  • Finance companies may offer you a more significant line of credit, but at a much higher interest rate and greater cost to the firm.
  • In recent years, another option has emerged in states like Arizona, which is to form an Alternative Business Structure (ABS). With an ABS, you partner with non-lawyer entities (often private equity) to form a company – and although this will give you access to the most capital, it will also require you to forgo a significant percentage of the equity in your business.

Where traditional sources have hindered law firm growth and frustrated firm partners, case cost financing has provided a solution that helps law firms succeed boldly, by leveraging case inventory as collateral, leading to greater access to capital for law firms.

What Our Clients Are Saying

Watch the video above to learn more about law firms that are enjoying exponential growth because they’re financing with Esquire Bank, a financial partner that specializes in providing tailored banking solutions to law firms and has a unique understanding of the contingency fee business model – enabling law firms the flexibility to pursue growth initiatives.

Meet With Esquire Bank Today

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 can help you recession-proof your law firm business.

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