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Law Firm Financing
A law firm financing company that helps turn today’s financial goals into tomorrow’s reality.
Baker Street Funding provides law firm financing options to attorneys and legal firms with a wide range of practice areas. These include personal injury claims, mass torts, and corporate disputes. Baker Street Funding can finance your law firm faster and cheaper than any other law firm loan company in the United States. You could get a 2% simple interest and an additional 2% flat underwriting fee for the life of the loan. There is no limitation to how you use the capital you take from us; thus, you can enhance your law firm in the best way you see fit.
GET 2% MONTHLY
NON-COMPOUNDING
INTEREST RATES
What does better funding look like?
Like this.
Baker Street Funding is the only company in the United States providing special relationship-based pricing for law firm that refer cases. Our financing for law firm clients gives you fixed (non-compounding) interest with a 2 to 3 year capped rate.
2% – 3 % monthly non-compounding
For all attorney referrals.
What is law firm financing?
Law firm financing is a non-recourse type of loan that provides attorneys and their practices with more considerable capital and zero risks unlike traditional loans such as SBA loans, bank loans, business loans for law firms, and other financial institutions. Law firm financing, widely known as law firm funding, is a viable option for attorneys and law offices looking to alleviate the uneven cash flow cycle connected with contingency basis and all practice areas without putting up any assets. This makes it a critical solution to growing your business.
Law firm financing has its benefits.
Whether you run a small law firm or a large practice, law firm financing enables attorneys to focus exclusively on litigating matters and improve litigation results.
Law firm financing is safe and secure
Legal funding for law firm practices is a safe and secure financing solution that allows lawyers to keep their assets intact. Funding your law firm means you are obtaining non-recourse capital in exchange for a percentage of the financial recovery from a single case or a pending portfolio of lawsuits.
Law firm financing covers the costs of your practice
Non-recourse funding for lawyers is a novel way to cover litigation and law firm expenses, expand client services, and maximize cash flow. You could avoid lucrative forwarding cases to other law firms or dividing payments with other lawyers to save money.
Law firm financing levels the playing field
Law firm financing empowers financially deprived parties with legitimate claims get the needed capital to handle complicated litigation from deep pocketed defendants.
While you manage your law firm, we manage non-recourse capital.
Law firm financing enables attorneys and law firms to be compensated for future income by utilizing non-recourse capital. Non-recourse financing is a type of legal funding that permits funders to be compensated only from the profits generated by the successful settlement or the award of a legal case. If the case ends as a loss, a funding company cannot collect payment from any other assets. Another advantage is that you are not required to make set payments. Depending on your financial status and field of activity, law firm financing may also assist in resolving collection issues.
The first company that lets you finance—for much less.
Our vast legal and financial expertise enables us to comprehend your firm’s business objectives and matters regardless of the sort of cases you handle. Following are some of the benefits of availing of law firm financing from Baker Street Funding.
Get simple interest rate at 2% monthly
While most law firm financing companies charge compounding interest on non-recourse financing, Baker Street Funding works differently. We are the only company in the industry that charges rates on capital drawn on your line of credit and not on interest. Plus, there are no pre-payment penalties, maintenance, or draw fees—get interest rates at 2% non-compounding with a 2% flat fee, both on drawn capital only.
Access fast cash in hand and working capital
Baker Street Funding allows attorneys and legal firms to monetize intangible assets, create operating money, and, when required, establish a buffer for personal costs—with cash in hand in 72 hours or less.
Expand your law firm with larger funding
Baker Street Funding's investment financing for law firms helps attorneys and law firms to grow their practices—for less cost. We also provide lawyers with much more capital for their legal matters than other firms.
Get the type of loan that is best for your law firm.
Whether you are looking for financing for your law firm’s clients, need funding for a new law firm, or are contemplating a law firm line of credit, Baker Street Funding offers more ways to invest in your case.
See how law firm financing works.
Applying for law firm financing with Baker Street Funding is a simple and fast procedure that takes 48 to 72 hours. Connect with us to discuss your firm’s finance requirements and the security that will be used. Our staff will review the possibility and suggest customized terms based on the investment’s significant risks, as well as the particular demands of your own law firm.
Review
Once we receive your funding request, we will review your application package, including your basic information and list of cases.
Diligence
We then proceed with our due diligence and set up a conference call to discuss any questions regarding your portfolio of cases or litigation experience.
Approval
Final terms are generated, and a contract is sent for your approval. Once approved and executed, we will wire out the law firm funds to your business account that day.
Ready, set, fund.
Need funding for your law firm? Looking for financing for a client? Submit your funding request or call us at 888-711-3599 to learn more about your client's or your law firm financing options.
Baker Street Funding
Florida Office:
780 5th Ave. South, Suite # 200, Naples, Florida 34102
New York Office:
77 Water Street, 7th Floor, New York, New York 10005
- Attorney requests
Open now (888) 711-3599
- Submit your case
Fax #: (518) 500-3056
There is always more ways to learn.
How do you finance a law firm?
This short explanation on creating your own law firm will assist you in determining the steps necessary to establish and operate your law firm.
The financing of a law firm is an extremely sensitive subject for attorneys and legal professionals to address. If you are an attorney running or managing a law firm, it is vital to understand and discuss the financials of a law firm.
Have a financial plan
When starting and operating a law firm, it is vital to have a documented financial plan in place to anticipate important financial elements. Having a thorough strategy can also assist you in determining your anticipated cash flow. Additionally, a financial plan may include details regarding your firm’s current monetary condition.
Be realistic
The more realistic and accurate the information in these plans, the better equipped you will be to choose the most appropriate financing structure for your law firm. Having a financial strategy in place is a significant undertaking. However, it is also important to collaborate with financial advisers and accountants who have a track record of success in dealing with attorneys who founded their own law firms.
Getting more help
Several non-profits and other organizations provide helpful tools, business plan models, and even subsidized services to attorneys interested in starting their own law firm.
Take your time to make the best financial decisions for you, your law firm, and your clients. Acquaint yourself with the numerous financing choices we provide and speak with a representative from Baker Street Funding today.
How do law firms get funding?
Law firms get funding through legal funding companies or banks. Law firms work in a highly competitive climate marked by rising client expectations and lower pressure on legal prices. When a law firms’ financing choice is a bank loan such as an SBA loan and other traditional means, these options sometimes force partners to put their personal assets on the line to raise funds for the firm’s expansion and operations.
Reasons why law firms use financing
The main reason attorneys use law firm financing is because they require a consistent flow of operating money to operate properly and prosper in a competitive market when confronted with late payments, out-of-pocket legal fees, marketing initiatives, and extended proceedings.
Without sufficient funds, law firms may be unable to conduct important financial initiatives aimed at acquiring new clients.
What types of funding do you provide for law firms?
Baker Street Funding offers all types of funding for most lawsuits, including post-settlement financing for attorneys, funding for plaintiffs, case cost funding, medical funding, litigation and arbitration funding, portfolio funding, lines of credit for law firms—all on a non-recourse basis. Baker Street Funding also provides law firm start loans (also known as law firm start-up grants). Contact us at (888) 711-3599 to learn more.