Law Firm Financing Options
FUNDS NOW, PAY BACK OVER TIME
What We Offer
- Bridgehead’s Portfolio Funding is based on an assessment of your firm’s portfolio. This ensures that your firm does not take on an outsized debt burden. Rates vary based on various underwriting criteria, but we offer competitive rates and flexible capital.
- Similar to a line of credit, your only monthly obligation is an interest payment.
- Repayment of principal is required when your firm successfully brings in fees and costs. When that occurs, you pay a reasonable percentage of those fees (usually 15%) towards your loan balance, until the funding is paid off entirely.
- No prepayment penalties. If you come into a large fee award and want to pay off your balance, you can do so without any hidden fees.
- Precisely because we view ourselves as a long-term partner, we caution firms against taking out more than they need at any particular time (which in turn only increases their payments). Our funding straddles the line between a term loan and a line of credit. Take what you need now and come back for more when you need it. Additional fundings are streamlined after the initial underwriting.
How can law firm financing be used?
Litigation Expenses
Funding can cover your hourly fees, expert witnesses, trial exhibits, and court fees.
Working Capital
Use funding to cover firm expenses, from salaries to overhead and operations.
Marketing Programs
Litigation finance can help amplify marketing program development.
Pay Off Existing Debt
Pay off higher-priced or less flexible funding.
OUR FUNDING
How It Compares
Bespoke Solution
Our sole purpose is to provide competitive and reasonable capital for law firms. We recognize the value in your pending cases, allowing you to unlock far greater access to capital than traditional banking channels. We also tailor our repayment provisions to the operational realities of law firms.
Transparent Assessment
Our sole purpose is to provide competitive and reasonable capital for law firms. We recognize the value in your pending cases, allowing you to unlock far greater access to capital than traditional banking channels. We also tailor our repayment provisions to the operational realities of law firms.
Long-Term Partner
Our sole purpose is to provide competitive and reasonable capital for law firms. We recognize the value in your pending cases, allowing you to unlock far greater access to capital than traditional banking channels. We also tailor our repayment provisions to the operational realities of law firms.
Pros and Cons of Each Product
| Product | Pros | Cons |
|---|---|---|
| Personal Savings | The cheapest way to finance your business. It leaves you debt-free and not dependent upon outside sources. | It can drain your personal savings and leave you personally exposed. |
| Credit Cards | Fast and easy access to funds. | High rates & limited flexibility. |
| Bank Loan | Competitive rates and flexible line of credit products. | Difficult for small firms to obtain. Banks typically do not value potential attorneys’ fees. May require pledge of real property. |
| Online Lenders | Fast and easy access to funds. | High rates and limited flexibility. Weekly or monthly amortized payments. |
| Non-recourse case funding | Cash upfront in exchange for a share of your fees on a given case(s). Sort of like payday lending for lawyers. No payback if you lose the case. | Extremely high rates (avg. of 300-300% return). Lenders pick the cases most likely to provide returns. |