Hybrid Line™ from Counsel Financial Offers Bank Alternative to Litigators
WILLIAMSVILLE, NY (PRWEB) July 07, 2016 -- Counsel Financial, the leading provider of working capital exclusively to plaintiffs’ attorneys, now offers a new product for financing a contingent-fee law firm that is unmatched in the industry for both borrowing power and rate. The Hybrid Line™ offers lawyers the opportunity to leverage the low-cost benefits of bank financing while accessing double or triple the funds available through a conventional bank.
The Hybrid Line is the answer for firms with low-cost bank lines that fail to adequately finance the operations and growth of the practice due to the extremely conservative credit limits offered by banks. Counsel Financial seeks to match the amount of borrowings a firm maintains with an existing bank at a low bank rate plus furnish the firm with the additional working capital the law firm needs. The funding can be used for any law firm expense, from expansion and growth, to overhead, advertising and more. As with all Counsel Financial credit lines, the Hybrid Line offers more flexible terms, maturities and payment options than conventional bank lines.
Prominent mass tort attorney and proponent of the Hybrid Line, Fred Olinde, states “Counsel Financial is a must for law firms seeking rapid and substantial growth. We have been with them for six months and with borrowed capital from them, we have put forth an aggressive marketing plan, vastly grown our receivables, added employees and opened a new office.”
“We are thrilled to be able to continue to provide plaintiffs’ attorneys in all practice areas with the most innovative and price-competitive alternative for financing in the industry,” said Paul Cody, President of Counsel Financial. “The Hybrid Line is the result of extensive efforts by our company to develop a product directly responsive to the evolving needs of the practice.”
Counsel Financial has gained enormous traction on its Hybrid Line since being launched in the third quarter of 2015. Including new loans originated through this product, Counsel Financial recently crested the $1.5 billion mark in funds advanced exclusively to contingency-fee lawyers since being founded in 2001.
About Counsel Financial
Counsel Financial is the largest provider of working capital lines of credit to plaintiffs’ attorneys in the industry, having loaned over $1.5 billion exclusively to plaintiffs’ attorneys in its 15-year history. Counsel Financial sets the standard for innovation and flexibility in its loan offerings, structuring terms that are conducive to the unique demands of contingency-fee practices. Leveraging 200+ years of internal legal experience, Counsel Financial has financed the growth of firms in every area of plaintiffs’ litigation, including personal injury, mass torts, class action and labor and employment. The company is exclusively endorsed by six national and state trial organizations, including the American Association for Justice and The National Trial Lawyers.
Kim Gomlak, Marketing Director, Counsel Financial, http://attorneylending.com/, +1 8008204430, [email protected]
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