LAW FIRMS

An underfunded case is the number one impediment to realizing the maximum recovery for your case.  By paying your client's litigation expenses up-front, you are in effect, giving your client a 0% interest loan (according to the IRS).  This ties up your operating funds or personal funds; Limits the number of cases that you may bring at any one time; Constrains your legal strategy -- due to your own financial limitations; and Forces you to decide whether to forego aggressively prosecuting your case such as, hiring that exalted expert. If you pony-up the funds from your own operating account, you tie-up even more of your hard earned cash.   Your decision is critical because it could directly, detrimentally, and dramatically adversely affect your recovery.  What's more, at year end your accountant may tell you that you have to pay taxes on the 0% interest money you 'loaned' your client for litigation expenses!  Avoid the tax consequences of funding your client's litigation expenses by unleashing LEXpense.  LEXpense is your combat multiplier.  We enable you to fully prosecute your cases and thereby, increase your potential recovery/compensation.  LEXpense makes you battle ready.

OUR PROCESS:

• Application time to completion for Attorney: 5-10 minutes.

• Case is collateral/asset in the application process.

• NO Credit Checks on your Client!

• Insurance to cover adverse risk.

• Funds to pay vendors are available within 48 hours of Contract approval/execution.

• No liability for attorneys/law firms. (Law firms/attorneys may incur payment obligation under the terms of their fee arrangement with client. Client has limited exposure/liability (when insurance not purchased).)

• Enhance compensation potential for both attorney and client.

  WHY LEXPENSE?

COST TO LAW FIRM: $0.  RISK TO LAW FIRM: 0%.*

Paying for litigation expenses is your client's obligation.  LEXpense does not shift that obligation to you.  Rather, LEXpense makes it easy for your client get a litigation support services contract. LEXpense's proprietary evaluation and forecasting algorithm enables us to consider your client's case as an asset in the evaluation and underwriting process -- the case is collateral.  The full contract price may be paid at any time, but is usually paid upon settlement of the case or satisfaction of a judgment. Thus, your ethical obligations as an attorney are unchanged -- you are only obligated to ensure the contract balance is paid from the settlement or judgment funds -- that's it.

We also can purchase your accounts receivable for each case. This means your firm gets an immediate cash infusion. You do not have to wait until the case settles to get your firm’s money back. With LEXpense’s PRO subscription, we can retroactively enroll your client’s case so you have more operating capital to pay yourself and grow your business.

* (Law firms/attorneys may incur a evaluation and processing fee for existing advanced expenses and/or payment obligation under the terms of their fee arrangement with client.)

CONTINGENCY FEE - LAW FIRM AS 0% INTEREST LENDER?

Your personal injury fee arrangement is typically contingent fee.  It is a well-established practice in the legal industry.  However, the unfortunate, palpable, and impractical effect of the contingent fee arrangement is that your law firm likely becomes a 0% interest money lender for litigation expenses.   What's more, that money may not be recovered for the life of the case -- 6, 12, 18, 24 months or longer!

Paying the litigation expenses for your client ties-up your operating or personal funds -- funds that could have been distributed to you and your partners; Limits the number of cases that you may bring at any one time; and Constrains your legal strategy -- due to your financial limitations. Moreover, you may be liable for taxes on the 0% interest money you 'loaned' your client for litigation expenses!

For equity shareholders/partners -- do we have to explain the adverse effect that extending 0% interest loan has on the profitability of your litigators, litigation division, and entire firm?  Do we have to remind you of the monthly sting you feel as you have to underwrite another Plaintiff's case, or remind you that each month your operating account balance and non-litigating law partners cry for relief?

LEXpense does away with these concerns.  We take the worry about constrained case prosecution, underfunded cases, low balance operating accounts (and complaining partners), and even take away your worry about paying vendors.  LEXpense will have an exponential impact on your practice.  We enable you to increase the number of cases you can carry, and we enhance your ability to prosecute your best possible case -- all without any liability to you -- the attorney prosecuting the case.  We free-up your operating capital or personal cash. 

INCREASED PROFITABILITY

Under most contingent fee arrangements for personal injury cases, your client is responsible for the litigation expenses.  Most litigation support services require immediate payment -- they won't wait until the case settles or judgment is satisfied.  Unless your client has unlimited resources and timely pays his/her own litigation expenses, your firm is paying for your client's litigation expenses.  Your cases  consequently, may be underfunded.  That is, when confronted with incurring still more litigation expenses for your client, you may be deciding to forego further expenses.  Do you often have this debate:  settle now for a minimal amount, or take those depositions, hire those experts, and prosecute the best possible case so as to increase your potential for revenue recovery for you and your client? Not fully prosecuting your case means you are leaving money on the negotiation table.  That obviously has a detrimental effect on your firm profitability and per case ROI. LEXpense give you the ability to hire the best experts and be the best advocate you can be.  

DO MORE WITH LEXpense!

LEXpense enables you to take on more cases, fully prosecute those cases, and thereby, increase your potential recovery/compensation from those cases.  LEXpense is your combat multiplier.  Be battle ready.  

CASE metrics

LEXpense has an empirical approach to case evaluation. Our litigation support services include an analysis of case metrics to determine overall case value and predicting necessary litigation expenses. We pay for the types of litigation support services you need to maximize your potential recovery from either settlement or trial.

EXPENSE MANAGEMENT

Clients failing to pay (or just not timely paying) is a constant struggle for the litigator and those providing litigation support services. LEXpense manages your litigation expenses.  The vendor submits an invoice, we vet the invoice by confirming receipt of services, and then pay the invoice -- it really is that easy. 

REFER YOUR CLIENTS

LEXpense is changing the financial paradigm of personal injury litigation. If you would like to learn more about what LEXpense does and obtain brochures/information for your law firm contact us via email at hello@golexpense.com or call us at  1-855-539-5590.

A member of our team is happy to set up a conference to further discuss what LEXpense can do for you.