Portfolio Funding for Law Firms
One of your firm’s most valuable assets is the collection of cases it’s fighting. Typically, financial institutions rarely have the underwriting skills necessary to properly evaluate the probability of success in your firm’s cases. Thus, they won’t be able to offer your firm any non-recourse advances based on anticipated wins or settlements.
Through CDC’s partners, portfolio funding provides an infusion of capital, a non-recourse loan that allows your firm to manage both pre- and post-settlement expenses better. Best of all, funds can be used however you need, including for attorney fee acceleration, post-settlement funding, receivable factoring, fee minimization, and more.
No matter what kind of cases make up your portfolio.
Main Benefits
Bank loans for law firms are expensive, difficult to secure, and risky to take on. Yet, without the capital they provide, many law firms would struggle to grow. Through our non-recourse design and built-in collateral model, portfolio funding offers a proven alternative to firms that need increased cash flow without the risk.
Having a non-recourse portfolio funding plan means that your firm only repays the funds loan received upon successful judgment or settlement. Saving you from ongoing repayments and making interest expenses contingent upon winning your cases.
The flexibility created by portfolio funding gives your firms the ability to remain nimble while providing you with the necessary capital to:
- Take on contingency clients and offer alternative fee and flexible payment arrangements
- Expand to new markets
- Take litigation expenses off the budget sheets of corporate clients
CDC is a partner to law firms, providing the flexibility for contingency fee arrangements, marketing, or litigation expenses. Together, we help your firm leverage its case portfolio’s underlying value and turn potential into profits.
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