Core Viewpoint - Esquire Financial Holdings, Inc. has entered into a joint venture agreement with Fortress Investment Group to enhance banking and lending services for US contingency fee law firms, aiming to provide tailored credit facilities and expand borrowing options for these firms [1][2]. Group 1: Joint Venture Details - The agreement combines Esquire Bank's commercial lending capabilities with Fortress's Legal Assets Group's origination and underwriting expertise, increasing access to capital for contingency fee law firms [2]. - The collaboration will enable law firms to secure larger and more customized financing solutions, supporting growth, technology investments, acquisitions, and operational needs [2][3]. Group 2: Company Profiles - Esquire Financial Holdings, Inc. is headquartered in Jericho, New York, and operates Esquire Bank, which focuses on serving the financial needs of the litigation industry and small businesses, offering tailored financial solutions [4]. - Fortress Investment Group LLC, founded in 1998, manages $49 billion in assets as of December 31, 2024, serving approximately 2,000 institutional clients and private investors globally across various investment strategies [5].
Esquire Bank Expands Capabilities for Law Firms through Agreement with Fortress Investment Group