BridgePoint Financial Services provides working capital financing solutions to assist lawyers and law firms fund the
expenditures incurred in building their client files. BridgePoint's Law Firm Financing Programme was specifically
designed to complement the contingency fee business model employed by law firms with civil litigation practices, and
the lengthy, and largely unpredictable cash flow cycle associated with the litigation process.
Each of our Law Firm Financing alternatives, as described below, is intended to enable lawyers or law firms to:
- Grow their active case portfolios without sacrificing the quality of investments made in each case.
- Reduce their dependency on collecting fees from one case in order to finance the next.
- Access the highest quality professional witnesses and resources in developing their cases in a timely manner.
- Eliminate the need to bring in co-counsel to share costs.
- Retain the ability to deduct disbursement expenditures for tax purposes, while providing additional tax deductibility for interest and/or financing payments.
- Ensure an efficient succession process for law firms where retiring senior partners seek to recoup disbursements and legal fees for files transferred to other members of the firm.
- Create the ability to acquire case files from other counsel or law firms.