Discover a tailored financial solution for your legal practice
When a lawyer commits to representing a client, their investment goes far beyond time and expertise.
Law firms frequently bear the significant financial responsibilities associated with disbursements and legal fees, which might remain outstanding for months or even years.
“We’re seeing firms turn away potential clients because they don’t want to finance some of these costs out of their own war chests,” said Kris Dahl, the managing director and founder of Greenbridge Capital, a litigation lending service. “Litigation lending can offer a real solution.”
When a law firm takes a case on a contingency basis, they can end up having to carry tens or even hundreds of thousands in litigation fees.
Litigation lenders like Greenbridge Capital can take the financial pressure off lawyers and their firms. With the necessary support for legal expenses in place, firms can focus on clients who they may have had to previously turn away.
“It can really open doors for law firms that may not want to take on too many contingency cases,” Dahl added. “It helps lawyers retain business they would otherwise have had to turn away.”
• To explore how litigation lending can enhance your legal practice, get in touch with Greenbridge Capital today.