What Others Say:

"Because they are also lawyers, they understand the significant capital demands of a large plaintiff practice like ours." Archie C. Lamb, Jr., President, The Law Offices of Archie Lamb, LLC

CostFinance Calculator

To see how CostFinance can help preserve your after-tax profits, click to enlarge the image below.

CostFinance

Information Request

Our funding process is faster and easier than you might think. Getting started is simple. You can call us toll free at 866-559-3863 or just fill out and submit this confidential form. Once this form is submitted, one of our specialists will followup with you shortly.

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CostFinance Description

CostFinance™ is our funding program designed specifically to help contingency fee law firms finance their litigation expenses rather than funding them from the firm's after-tax profits. CostFinance will help you manage your cash flow and keep more of your firm's assets available for other important priorities. Like expanding your practice or distributing to partners.

Besides improving your cash flow, CostFinance offers other significant business benefits that can positively impact your bottom line. For instance, you can write off the interest as a business cost. Or you might even be able to recapture a portion of the interest as a litigation expense.

CostFinance Benefits

Provides the ability to finance litigation costs at competitive interest rates.
Preserves after-tax profits to use for other important priorities, such as case development or distribution to partners.
Interest charges may be written off as an ordinary business expense and paid for with pre-tax dollars.
Allows recovery of a portion of the interest costs as a litigation expense.
No interference in the attorney-client relationship. LawFinance Group acts only as an outside commercial lender.
Provides immediate operating capital to pay for case preparation, overhead and business expansion.
Offers law firms access to large-scale loans commercial banks typically cannot provide.

CostFinance Pricing

Our CostFinance program provides contingency fee law firms with the ability to preserve their after-tax profits by financing their litigation costs at competitive interest rates. Loan amounts are based on the amount of money your firm has in outstanding costs and litigation expenses.

Loans and lines of credit ranging from $100,000 to $1 million provide funds against a portion of the case costs advanced by the firm. Loans are secured by the firm's total cost reimbursement rights and litigation expenses. Interest rates, repayment schedules and conditions are negotiated on an individual, firm-by-firm basis.

CostFinance Q & A

What are the advantages of a CostFinance loan?

By borrowing money for its practice, a firm frees up capital that would have otherwise been tied up in case costs. The firm can use this money for investments, distributions, expansion of the firm or funding of additional cases. Also, the interest on the loan may be tax-deductible as a business expense. In addition, when loans are structured to fund case costs, many states allow firms to pass a portion of the interest the firm pays on to the clients. LawFinance Group works with firms to structure cost-based loans in order to capture this benefit.

Everyone is concerned with the legal ethics of loan programs like this. Are they ethical?

Our CostFinance program uncompromisingly is ethical. LawFinance Group does not offer legal advice and we do not interfere in the attorney-client relationship in any way. LawFinance Group is run by attorneys who fully understand just how central the issue of ethics is to attorneys and their clients. We are simply offering additional financial options that could prove helpful.

Does a firm ever surrender control of its cases or its practice?

Never. Any surrender of control would be unethical. Although we are attorneys and understand the law intimately, we do not offer legal advice or services. We do not assume control of any case, or interfere in the attorney-client relationship. We receive no privileged information. Think of us simply as a passive investor in your hard work.

Is LawFinance Group like a bank or other lender?

LawFinance Group is a financial services company, a licensed lender and broker. As such, we have the flexibility to make both investments in money judgments on appeal and direct business loans to law firms seeking greater liquidity.

How have firms made use of the money provided by CostFinance?

Firms may use CostFinance funds for any purpose they wish. The firm may use this money to make capital investments, fund distributions to partners, finance expansion of the firm or fund additional cases, to name a few examples.

How do I apply?

Simply fill out our online Funding Application or contact us toll free at 1-866-559-3863 and we will do the work for you over the phone.