Law Firm Finance
GROW YOUR PERSONAL INJURY FIRM
South African attorney firms litigating personal injury matters against the Road Accident Fund on a contingency-fee basis can earn significant profits. The return on investment for litigating road accident claims often exceeds 60% per annum, around four times the average return of the JSE.
However, personal injury firms also face several challenges. Prior to litigation, attorneys need to pay out of their own pocket for medico-legal disbursements and advocate fees. The protracted cashflow cycle inherent in Road Accident Fund dealings can result in funds owed being locked up in matters for months and even years.
Traditional lenders typically have a low tolerance for risk and do not fully appreciate the unique nature of law firm financing. South African banks often don’t recognise value in a law firms’ most valuable assets such as its client base, contingent / deferred fees, book debts, court orders and taxed bills of cost.
This makes the task of sustaining or growing a personal injury litigation practice challenging for many firm partners.
PERSONAL INJURY FIRM FINANCING FEATURES
Taurus Capital offers a tailormade working capital facility for partners who want to sustain or grow their personal injury litigation practice.
Facilities from R250k+
Repayments matched to cashflow cycle
Zero monthly fees
Revolving credit facility
Pre-approved funds access in 24 hours
No early settlement penalties
THE BENEFITS OF PARTNERING WITH TAURUS CAPITAL
A financial partner that understands the intricacies of running a legal practice first-hand
Growth funding without the need to dilute equity in your firm
The ability to monetise intangible assets in your business
Quick turnaround times and access to funds
A tool to replace / supplement shareholder loans and finance succession planning
Tax-deductible interest payments
Working capital available for medico-legal disbursements or investment in opportunities for growth
Competitive interest rates
Submit your details below and one of our expert team members will contact your shortly to discuss your requirements.