Law Firm Finance
GROW YOUR PERSONAL INJURY FIRM
The growth in medical negligence litigation over the last few years has numerous contributing and interlinked factors. With medical specialists and health budgets spread too thin and a growing awareness of patient’s rights, South Africa has seen an exponential increase in both the number and size of medical negligence claims.
Amendments to the Road Accident Fund legislation have also resulted in many personal injury attorneys turning their attention and expertise to the litigation of medical malpractice claims.
The nature of a medical negligence claim is a highly sensitive one, requiring investigation, analysis and testimony from an array of specialised experts in the fields of medicine and actuarial science. There is a significant amount of time and expense incurred in the building of a solid case.
The process of litigation can take years and it is only at this point that a firm is able to recoup its cost and receive its fee. Many law firms are unable to pursue worthy medical malpractice cases due to a lack of liquid funds required to prove case merit through the securing of expert testimony. Furthermore, these firms may be constrained from a growth point of view due to limited cashflow.
MEDICAL NEGLIGENCE FIRM FINANCING FEATURES
Taurus Capital offers a tailormade working capital facility for medical malpractice firms. This funding can be used for disbursements to medical and actuarial specialists and to equip your firm with the financial resources required to see a case through to completion
Facilities from R250k+
Repayments matched to cashflow cycle
Zero monthly fees
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 medical malpractice firm first-hand
Larger capital resources enable you to run multiple matters in parallel
Ability to pay experts upfront provides greater fee bargaining power
Reduced reliance on equity funding (fee-splitting) structures
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 disbursements to medical and actuarial specialists
Submit your details below and one of our expert team members will contact your shortly to discuss your requirements.