iQualify Lending is the best retainer financing on the market (by a landslide). So why are attorneys such big fans? 6 months ago

Facebook helps attorneys find the best legal retainer financing with Fortify

Over the course of the last year, we began noticing more and more attorneys telling us they heard about legal retainer financing from iQualify Lending on Facebook. No, Zuckerberg isn’t referring attorneys to fortify (although that would be cool) but when we ask people how they hear about us, they say “Facebook”. It turns out, attorneys are using the discount products that only charge 5% and then going to Facebook Groups to complain about how bad they are. In these groups, more and more attorneys are encouraging each other to use Fortify, and as a result, they are coming to us in droves. 

You Pay More in the Long Run for Cheaper Products

These newly appreciative clients are signing up for Fortify after realizing they’ve been duped by the promise of a cheaper fix. Far too many attorneys out there are behaving like the Terry Pratchett adage from Men at Arms

The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.

Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. …

…But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.

This was the Captain Samuel Vimes ‘Boots’ theory of socioeconomic unfairness.”

The Original Legal Retainer Financing is Still the Best

It’s pretty easy these days to find a company that will give you a financing link for $99/month plus a small funding fee. iQualify wrote the playbook for legal lending and now all these guys are everywhere, attempting to undercut. The catch is they do not work as we do. Their $99/month fee is technically cheaper than ours, but they will cost you more in the long-term. They have very low funding rates and rely heavily on the attorney to do the work and manage the process.

Compare those companies to the retainer fee financing plan available with Fortify. We have an exclusive, completely different funding source and lending line. We use sensible underwriting. We have no credit score requirements. If your client is willing to work with us, we will exhaust every option available to get them the money they need to hire you. This means an over 93% approval rate. There’s nothing else out there like it. Plus, when you add that cost of ownership 5% fee the other guys are charging, you can expect to wind up paying an additional  $6,900 – $1,200 monthly (compared to our $3,588).  

Fortify is the only retainer financing solution that works for every law firm, in every state, regardless of its client demographics. Our direct-to-attorney-funding makes us different from the other legal lenders on the market. iQualify is able to expand our resources and fund these legal loans based on the strength of our Fortify technology. With Fortify, we’re effectively offering every client who walks through your door an affordable way to hire you.

So, which pair of boots will you buy? Do you really want to pay more in the long run for an inferior product? Or would you rather be making $300k from the same client base? Now, that is certainly something to brag about on Facebook. 

Want a Better Law Practice in 2021? Make Things Simple 7 months ago

Legal retainer financing will make life easier for you and your clients post-pandemic.

2020 was a year none of us saw coming. The COVID-19 pandemic affected every business and industry on the planet. Your law practice is no exception. After several stalls, shutdowns, fits, and starts, the economy is still on pause as the Coronavirus continues to rage through the U.S.

Life has continued on, and people still need attorneys, but this shutdown has likely meant a lack of clients and work for your law practice. But with most economists believing 2021 is the year we turn things around (thanks to the vaccine and a new administration), now is the time to prepare and strategize. “This too shall pass”, and when it does you’re going to come out on top this time. When things return to normal, or when you figure out what the new normal is, it’s time to make things simple. 

Again, people still need attorneys. Human nature dictates they have still been making mistakes and starting legal disputes under quarantine. For example, millions of quarantined couples have experienced significant stress and pressure on their relationships. Expect divorce cases to skyrocket in 2021. Is there a simple way to capture that business? Yes. 

Make it simple and make it easy for them to say ‘yes’. 

If anything, we hope this time of isolation and reflection helped you take stock of just how cluttered and complicated you’ve been making things. With the economy turning back on, people will be searching for lawyers en mass. With the flood of people who will be searching, he with the easiest solution will win! Fortify, powered by iQualify Lending, makes things easy by offering your clients payment options that they can easily understand. 

Start using the Fortify software and you’ll have an easy, modern way to get new clients signed up when they come to you, As the attorney, you get paid upfront with both cash and financing options and get paid over time with an in-house payment option. iQualify attorneys get paid their full retainer on most of their cases without ever having to chase their clients for money or call them for payments. Why? They make things easy!

Clients will be under a lot of stress and confusion when the COVID-19 pandemic is over and they’re going to appreciate an easy solution to their payments. Legal fee financing takes the guesswork and headache of retainer payments off your clients’ minds and lets you start making more money, almost immediately.

Ready to see how it works? Let’s get started now. iQualify Lending will help you make your law practice easier for clients and making more money your new normal.