In the personal injury legal profession, managing cash flow can be a daunting challenge, particularly when an attorney has referred a case to another lawyer and is waiting for the referral fee. Covered Bridge Capital understands these challenges and has introduced a game-changing service called Fee Factor. This innovative product allows attorneys to borrow money against their pending referral fees, providing a vital lifeline to those in need of immediate funds.

What is Fee Factor?
Fee Factor is a unique financial product designed to offer non-recourse advances to attorneys against their anticipated referral fees. In essence, it operates similarly to plaintiff funding, where the money provided is a non-recourse advance. This means that if the referred case is lost, the borrowing attorney is not required to repay the advance. This approach significantly reduces financial risk for attorneys who need to manage their cash flow effectively.

How Fee Factor Works
The process of obtaining funds through Fee Factor is straightforward and attorney-friendly. Here’s a breakdown of how it works:

  1. Case Referral: An attorney refers a case to another lawyer.
  2. Application for Advance: The referring attorney applies for an advance against the expected referral fee.
  3. Underwriting: Covered Bridge Capital underwrites the request based solely on the merits of the referred case, not on the attorney’s credit score or income.
  4. Funding: Once approved, the attorney receives a non-recourse advance against the anticipated referral fee.

The Advantages of Fee Factor

Non-Recourse Advances
The primary advantage of Fee Factor is the non-recourse nature of the advance. Attorneys who borrow against their referral fees do not have to repay the funds if the case does not result in a referral fee. This provides peace of mind and financial security, allowing attorneys to focus on their work without the looming stress of repayment obligations.

Merit-Based Underwriting
Unlike traditional financial products that heavily rely on credit scores and income levels, Fee Factor bases its underwriting process solely on the merits of the referred case. This merit-based approach ensures that attorneys with good cases can access the funds they need, regardless of their personal financial situation.

Cash Flow Management
By providing immediate access to funds, Fee Factor helps attorneys address cash flow challenges without the need to open new lines of credit or incur additional financial liabilities. This flexibility is crucial for solo practitioners and small law firms that might not have the financial resilience of larger practices.

Transforming Financial Solutions for Attorneys
Fee Factor is more than just a funding solution; it is a financial innovation that empowers attorneys to manage their cash flow more effectively. By offering a non-recourse advance based on the merits of the referred case, Covered Bridge Capital is providing attorneys with a tool that mitigates financial risk while offering crucial financial support.

In a profession where financial uncertainty can be a constant challenge, Fee Factor stands out as a beacon of innovation and support. It is transforming the way attorneys handle their finances, ensuring they can continue to provide top-notch legal services without the stress of cash flow issues.

Covered Bridge Capital’s Fee Factor is revolutionizing the financial landscape for attorneys with referral fees. By offering non-recourse advances based on case merits, Fee Factor provides a risk-free and effective solution for managing cash flow. Attorneys no longer need to worry about the financial implications of waiting for referral fees; with Fee Factor, they can access the funds they need, when they need them, and focus on what they do best – delivering justice and exceptional legal representation.

For more information on how Fee Factor can benefit your practice, visit or contact their team of financial experts.