NASHVILLE, Tenn., Jan. 4, 2016 /PRNewswire/ -- 2015 was an amazing year for Advocate Capital, Inc., funding more new law firm clients than all of their competitors combined. The year brought much success and growth, but 2016 looks like it will be even better for the Nashville, TN based provider of capital for plaintiff law firms throughout the US.
This month, Advocate Capital, Inc. is launching The Advocate Flexline™, a brand new product combination that gives contingent-fee law firms the most powerful funding solution ever available. This Best of Both Worlds™ law firm funding tool is a combination of the world's best Case Expense Funding product (powered by AdvoTrac® and the renown Advocate Capital, Inc. service team, through which Advocate's clients experience a net borrowing cost of less than 1% per year*) and up to one third of that Case Expense line available as Working Capital priced at Prime +1% with a 1% annual fee.**
"We are passionate about helping plaintiff law firms get the best possible results for their clients. Armed with The Advocate Flexline™, we'll be able to help more law firms than ever before," said Michael J. Swanson, President and CEO of Advocate.
To find out more about The Advocate Flexline™, readers can visit www.AdvocateCapital.com or call Advocate Capital, Inc. at 1.877.894.9724.
Advocate Capital, Inc. is the premier provider of strategic financial products and accounting services for successful trial law firms nationwide. They serve the plaintiff bar from their headquarters in Nashville, TN. and now enjoy a client base that extends from coast to coast.
In most jurisdictions, a law firm can reduce its annual costs by passing borrowing costs through to its cases, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc. has a proprietary expense tracking system and service team that allows firms to easily comply with allocation and reporting requirements. So, for example, if a firm recovers at least 90% of its borrowing costs from its cases, as most of our clients do, its annual cost of funds is very small – even less than 1%. Contact us to discuss how our program can work for your firm. (All loans are subject to credit approval, and terms and conditions may vary.)
** The 1% annual fee is charged on the amount of Working Capital approval. Qualifying firms agree that their Working Capital balance will not exceed the Case Expense balance of the loan.
Attention, Media: For more information about Advocate Capital, Inc., please contact: Tina Burns, Vice President TBurns@AdvocateCapital.com.
CONTACT: Tina Burns, Vice President at TBurns@AdvocateCapital.com
SOURCE Advocate Capital, Inc.