Why Partner with Bridgehead for Your Firm's Financial Needs?
Our line of credit options are as unique as your firm, so we tailor every financing plan to meet the needs of every plaintiff law firm we support. Unlike your typical banking lender, our expert team recognizes the strength in your active and pending cases, not just outdated metrics like firm size and tenure.
Let Bridgehead connect you with the working capital you need to realize financial freedom and reach your goals.
Four Benefits of Bridgehead's Financial Solutions for Plaintiff Firms
Bespoke Financing Aligned with Your Firm’s Goals
We don’t offer cookie-cutter solutions. Our line of credit is tailored to your firm’s specific portfolio and goals, giving you access to the capital you need based on the strength of your cases, not on conventional metrics like firm size or tenure. By evaluating your active and pending cases, we provide flexible funding that matches your firm’s financial trajectory.
A Transparent, Symbiotic Partnership
At Bridgehead, transparency is at the heart of everything we do. From the initial credit assessment to repayment terms, we ensure every step is clear and straightforward. Our goal is to foster a long-term, symbiotic partnership where both your firm and Bridgehead succeed. We are committed to ensuring your firm is never burdened with excessive debt, providing funding that aligns with your unique needs.
A Long-Term Financial Ally
We are more than just a lender; we are your long-term financial partner. With a team of former litigators and entrepreneurs, we understand the realities of running a law firm. Whether it’s financing case expenses, managing operations, or funding growth, we work closely with your firm to develop a financing strategy tailored to your specific needs and goals.
Revolving Credit for Continuous Access
Our repayment structure is uniquely aligned with the cash flow cycles of law firms. You’ll make interest-only payments monthly, and principal repayment is tied to when your firm collects fees. Typically, about 15% of your collected fees will go towards repaying the principal until the balance is paid off, ensuring that repayment aligns with your financial flow. And with no prepayment penalties, you have the flexibility to pay off the balance early if you wish.
Is Our Financial Solution Right for Your Firm?
Our Law Firm Line of Credit offerings are an ideal fit for:
- Plaintiff-Based Firms: Manage cash flow during long case timelines without straining finances.
- Litigation Practices: Cover case expenses like expert witnesses, depositions, and court fees without draining your reserves.
- Firms Operating on a Contingency Basis: Align repayment with your cash flow, ensuring you can meet operational needs until settlements are reached.
- Growing Law Firms: Scale your practice, invest in marketing, hire staff, or adopt new technology—all without incurring long-term debt.
How Our Firm Line of Credit Supports Your Practice
Tailored Credit Limit
We assess your case portfolio’s strength to determine a custom credit limit that meets your firm’s financial needs. By evaluating your pending cases, we provide access to more substantial and competitive capital than traditional lenders can offer.
Draw Funds as Needed
Your line of credit offers the flexibility to draw funds when necessary. Whether it’s for case costs, cash flow management, or operational expenses, you have the ability to withdraw
Transparent Repayment Structure
Repayment terms are designed with the realities of law firms in mind. You’ll make interest-only monthly payments, with principal repayment aligned to case resolutions. Typically, around 15% of your fees will go toward the loan balance. This flexibility ensures that your firm’s financial obligations are manageable, with no hidden fees or surprises.
Revolving Credit for Continuous Access
As you repay the principal, your line of credit replenishes, giving you the freedom to withdraw funds in the future without the need for reapplication. This revolving credit structure ensures that you have continuous access to capital when it’s most needed.
What To Expect When You Apply For a Line of Credit For Your Law Firm
1. Submit Your Application:
Provide your firm’s financial information and details about your case portfolio. Our team will review your application and provide an assessment of your credit line options.
3. Flexible Repayment:
Make monthly interest payments, with principal repayment tied to your firm’s case resolutions. This ensures that repayments align with your firm’s cash flow.
2. Receive Your Approval:
Upon approval, you’ll have immediate access to a credit line tailored to your firm’s financial needs. You can draw funds as necessary without any hidden fees or surprises.
4. Continued Access to Funds:
As you repay the principal, your credit line replenishes, providing continuous access to capital for future needs.