If you qualify for a loan with Counsel Financial, then you can elect to use your credit line to advertise for mass tort cases. We will assist you in establishing a relationship with an attorney of your choice who has a proven track record litigating mass torts, which we refer to as a “Mentor.”
Once you decide which Mentor you want to work with as co-counsel, they can help you with marketing, vetting cases, navigating the mass tort process, and they will bear all of the expenses of the litigation. The program is designed to be streamlined and fully in your control, so you can have a stress-free transition into the mass tort space.
Frequently Asked Questions
Do I choose my own Mentor?
Yes. We can provide advice as to which Mentor we think will be the best for you, however you make the final decision.
Will Counsel Financial have any control over my cases if I join the program?
No. We are careful not to interfere with a case or a lawyer’s professional judgment.
Can I join the program even if I do not have a credit line with Counsel Financial?
Yes. We will introduce you to the lawyers who have agreed to act as our Mentors for the Enter Mass Tort® Program regardless of your source of funding. However, a credit line from Counsel Financial provides you significantly more capital than you can receive from a bank, so you will have a larger pool of funds to use to obtain mass tort cases.
Do I have to pay an additional fee to join the program?
Can I use my Counsel Financial credit line for anything other than the Enter Mass Torts® Program?
Yes. You can use your credit line for any law firm purpose.
Are my monthly interest payments tax-deductible?
Yes, all monthly interest payments made to Counsel Financial are tax-deductible as ordinary and necessary business expenses.
Master Mass Torts Alongside Seasoned Litigators
From case acquisition through case resolution and post-settlement matters, your firm can learn the process, as well as the proper business and legal models, to achieve the most successful conclusion for your mass tort clients.
Counsel Financial's Enter Mass Torts® Program connects you with the guidance, skills and resources of top-name mass torts attorneys, so that you can avoid the common pitfalls inherent to this specialized practice area and confidently build your own mass tort firm.
How We Compare
We have designed our credit lines to be straightforward, without the complex rates and hidden fees of other lenders. Compare how our terms stack up against the competition:
|Features||Counsel Financial||Other Lenders|
|Co-Counsel Relationships||Access to a network of top U.S. mass tort litigators||None|
|Loan Term||4 years||1 year|
|Annual Maintenance Fees||None||0.5 - 2%|
|Pre-Payment Penalty||None||10 - 15% with some specialty lenders|
|Ticking / Other Fees||None||Up to 7% per annum|
|Balloon Payment||None||Standard with most banks|
|Draw Fees||None||Up to 2% with some specialty lenders|
|Use of Proceeds||Any law firm related expense||Case expenses only with some specialty lenders|