Typical Uses
- Sharing risk
- Improving the bottom line
- Delivering service at competitive prices
- Smoothing cash flows
- Increasing revenues
The financing is secured by the firm’s potential fee income in three or more of the cases. It serves to cover a portion of the fee budgets in the cases, essentially converting the “full” contingency fee matters into “hybrid” matters in which the firm earns a portion of the amounts it would earn from the cases if it were handling them on an hourly fee basis.
Since our financing is non-recourse, firms retain the funded amounts even if the portfolio cases ultimately are unsuccessful. When contingency fees are collected from one or more of the cases, firms pay a return to Omni Bridgeway, with the amount depending on the terms of the financing agreement.
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