Founded in 2010, Prime Case began as a regional provider of pre-settlement advances to plaintiffs in the New York City area. Through strong attorney relationships and a commitment to fast, fair service, the company steadily expanded into a nationwide platform over the next nine years.
Despite its potential, Prime Case’s growth was constrained by sub-optimal financing and chronic undercapitalization, resulting in an inconsistent boom-bust cycle that limited its ability to scale.
In July 2019, Eastern Asset Management acquired Prime Case and recapitalized the business to unlock sustainable, accelerated growth.
The results were immediate and transformational: within just 18 months of the acquisition, Prime Case tripled its origination volume. Backed by a stronger balance sheet and strategic support from Eastern, the company began funding larger, more complex cases and significantly expanded wallet share with its highest-performing attorney partners.
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If your current investors or lenders are limiting your ability to grow, Eastern provides the capital, expertise, and operational support to help you scale with confidence. Let’s unlock your next phase of growth—together.
Sokolove Law is a pioneer in legal marketing and one of the largest personal injury law firms in the United States. In 2013, its founder sought to retire but encountered a unique challenge: the firm’s success had made it so valuable that few prospective buyers could finance the acquisition through conventional means.
Recognizing the opportunity, Andrew Clark, Founder of Eastern Asset Management, sourced and structured a highly innovative asset-based loan that enabled the acquirer to finance 98% of the purchase price—delivering a remarkable 49:1 leverage ratio. The capital was provided by a leading hedge fund with over $50 billion in assets under management. The loan was fully repaid in just over four years.
A critical component of the transaction was the ability to accurately value the firm’s portfolio of 25,000+ open cases. Eastern developed a proprietary valuation model that projected fee collections with extraordinary precision—achieving less than 1.0% variance over a five-year period.
Looking to Buy or Sell a Law Firm?
Eastern delivers creative, data-driven financing solutions that unlock value and enable complex transactions in the legal services sector. Whether you’re seeking an exit or expansion, we have the capital and expertise to get it done.
A consortium of top tier law firms had successfully litigated a case against one of the world’s largest oil companies. The case settled after more than ten years of litigation, yet the law firms faced additional delays between the settlement of the case and the distribution of case proceeds.
The attorneys came to Andrew Clark seeking an advance. Mr. Clark leveraged his experience structuring bespoke litigation investments and his deep network of hedge fund partners to arrange and execute an advance in excess of $100 million at a [single digit] interest rate. The advance was repaid in full in 12 months.
If your law firm is seeking an advance on a large or complex case, we’re here to help.