With most traditional banks, law firms seeking to obtain financing will be asked for their revenue history and the personal assets of their partners for collateral. Few if any traditional bank will consider the future fees and case costs of cases yet to resolve as an asset, and none will lend against them.
At Esquire Bank, we understand the hidden potential of your future fees because we have the expertise to estimate how much a case will resolve for. On top of that, we treat case costs as an asset and lend against them.
To learn more, watch this (3 min) video where Ari Kornhaber — EVP and Head of Corporate Development at Esquire Bank — lays out the top 5 reasons Esquire is different from your traditional, big-name bank.