Watch Mr. Swanson’s latest interview with John Fisher from John H. Fisher, P.C., as he discusses what consumers need to do when selecting the right attorney for their personal injury or medical malpractice case.
This article titled “How the Changing Landscape of Legal Funding Affects Contingent-Fee Law Firms” focuses on the finance industry and the ways contingent-fee law practices secure capital.
Here are a few brief excerpts:
“In Michael J. Swanson’s 2011 book, How David Beats Goliath, 10 sources of legal funding for contingent-fee law firms are outlined. Swanson, who attended both Ohio State University and Cleveland State University and is the current CEO of Advocate Capital, Inc. takes a look at the business side of law firms every day.”
“In his book, he (Swanson) offers advice and guidance for contingent-fee law firms. He dispenses his wealth of accounting and financial knowledge and details exactly how to secure capital to effectively represent clients.”
“Businesses like Advocate Capital, Inc. specialize in providing funding for contingency cases. Thus, Swanson has a lot of experience with the financial statements and tax returns for contingent-fee law firms.”
“He (Swanson) believes that legal financing, especially for contingent-fee law firms, is a broken system that’s often hard to navigate for many trial attorneys.”
“Many businesses face similar problems with funding and income streams, but most of them do not put thousands of dollars and countless hours into assets that have the potential to yield nothing positive. Contingent-fee litigation is certainly an up and down business model.”
“Swanson believes in the work of trial attorneys so much that he penned an entire book to help them steer clear of financial troubles.”
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*The views expressed in this book are not necessarily representative of the views held by AAJ. Furthermore, the donation of profits from the sales of the books to the Seventh Amendment Fund does not imply that AAJ has endorsed Advocate Capital, Inc. or the book and the views and information contained therein.