Lawyers traditionally struggle with balancing their client work and the pressure of building a financially sound law firm. It is increasingly important for lawyers to understand how the right financing techniques can help alleviate some of their pain points. Many lawyers depend on self-financing or turn to traditional banks to pay for case expenses, however, both options come with risks and often do not address the most salient challenges they experience.
To overcome these pain points, it is crucial that contingent fee lawyers seek legal financing from a reputable, experienced lending partner with whom they can develop a long-term business relationship.
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