Welcome to Attorney Financial Services - a highly respected and well recognized financial services company which offers Recourse and Non-Recourse advances to law firms.
AFS provides funds for:
- Case Development Costs such as Expert Witnesses
- Working Capital
- Advertising
Smooth out your cash flow with AFS!
Being a good attorney is often not enough when battling a deep-pocketed defendant. It is no secret that litigation can be a war of attrition where ultimate success is not always determined by the merits of a case, but also by the financial resources available to each party in a dispute. AFS provides advances when banks and others can't or won't. Because of our expertise in valuing contingency fee cases, AFS is virtually always able to advance significantly more funds to a law firm than traditional lending institutions.
AFS offers recourse and non-recourse funding solutions to Attorneys and Law Firms across the United States. AFS understands that even the most successful trial lawyers have significant peaks and valleys in their cash flow. By matching advances with the settlement of cases, AFS' lawyer funding programs help avoid artificial cash flow crises.
The AFS team of experienced attorneys and finance professionals understands both the legal and financial nuances of a contingent fee law practice. Traditional lending institutions place emphasis on the historical cash flow of the firm, its balance sheet, and on the creditworthiness of the partners in that firm. AFS considers the quality of your cases, and your ability to bring them to a successful conclusion.
Our non-recourse program helps smaller law firms prosper and grow. By obtaining an Attorney Advance, you can leverage expected contingency fees from active litigation, without personally guaranteeing the funding. Non-Recourse Attorney Advances are based solely on the value of your cases—nothing else. Repayment of the principal advanced to your firm is contingent upon the successful resolution of your cases.
Larger law firms typically request full-recourse transactions because they are less expensive than non-recourse transactions, as they are less risky to AFS. We require full guarantees in addition to a pledge of contingency fees associated with specific cases, like traditional lenders in full-recourse transactions.
AFS offers competitive pricing, excellent customer service, and quick funding decisions. We have no control over the management of your cases; all decisions regarding your cases and their resolution are up to you and your clients. Our experienced staff of lawyers and finance professionals has worked with lawyers and law firms across the United States to design financing programs which optimize cash flow and returns for contingency-fee-based firms. AFS is successful because, unlike traditional lending institutions, it advances funds against a lawyer’s or firm’s most valuable assets: future contingency fees associated with that firm’s case load.
Whether you choose recourse or non-recourse financing, AFS helps you by:
- Advancing your firm more funds than traditional lenders;
- Stabilizing your cash flows;
- Enabling you to more adequately prosecute existing cases;
- Bring on new, promising cases.
In sum, AFS meets the growing capital requirements of Attorneys, Law Firms and their clients.
