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Law Financing

Law Firm Finance

Four Myths about Legal Funding
Legal funding is the fastest emerging financial trend in the U.S. justice system. With industry leaders currently reviewing more than 40,000 funding applications per month, legal funding has risen from relative obscurity five years ago to the forefront of marketplace solutions for attorneys and their clients. (read more)
Using the Business Plan
A business plan is a tool with three basic purposes: communication, management, and planning. As a communication tool, it is used to attract investment capital, secure loans, convince workers to hire on, and assist in attracting strategic business partners. (read more)
Non-Recourse Financing for Money Judgments on Appeal
Non-recourse appeal financing allows judgment creditors to convert part of the money judgment on appeal into immediate cash, before an appeal is decided. By selling a portion of the judgment on appeal, the judgment creditor eliminates all risk of recovery on the portion of the judgment sold. This is because no repayment is required if the appeal is ultimately lost. The seller gets his money in advance of the appellate decision, risk free. (read more)

Balance Sheets Explained
The balance sheet is a snapshot of the company's financial standing at an instant in time. The balance sheet shows the company's financial position, what it owns (assets) and what it owes (liabilities and net worth). (read more)
Setting Fees for Legal Services
Setting fees for legal services is obviously a major issue to consider, not only when establishing your practice, but throughout the life of your law firm. There are various ways to price your fees. Some methods require heavy calculations, while others simply require you to survey the market to help determine your fees. (read more)
Key Points to Consider When Borrowing Money
Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy. Before you approach your banker for a loan, it is a good idea to understand as much as you can about the factors the bank will evaluate when they consider making you a loan. This discussion outlines some of the key factors a bank uses to analyze a potential borrower. Also included is a self-assessment checklist at the end of this section for you to complete. (read more)