Capital available to plaintiff law firms has changed dramatically over the past five years. In 2013, it was estimated that 7% of all law firms used “alternative” funding or non-bank funding models such as those offered by American Law Firm Capital, LLC. In 2016, the percentage had grown to approximately 28% and 48% of law firms anticipated using alternative funding resources in the near future. As a result, law firms have new creative financial options available today and new alternative funding companies that understand your business model.
You are no longer confined by the prehistoric and restrictive bank or other funding models that create personal exposure while reducing your ability to execute your business.