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nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

What Is Invoice Factoring?

The reason why most small businesses seek financing options like loans and merchant cash advances is to mitigate the negative effects of limited cash flows. Invoice factoring is a financing option that allows you to sell your invoices to factoring companies at discounted prices. Firms who sell their invoices compromise on a little portion of their profit to avoid waiting on their customers to pay. Such a decision stabilizes firm operations thus fostering growth. Through the financing option, businesses obtain immediate access to working capital. It does not trap them in debt. Furthermore, it is conducted via a simple transaction that provides lump sum amounts of cash.

Invoice factoring allows businesses that can’t access traditional bank loans to access the financial assistance that they need through the credibility of their clients. Even though some factoring companies heavily rely on a firm’s credit scores to determine if it is eligible for the financing, some do not. In fact, firms are seldom subjected to credit scores and repayment history scrutiny when selling their invoices. Factoring companies would rather vet the clients to whom the invoices are sent. Businesses should critically consider taking this financing option if their credit scores are poor. However, their prospective clients must have exceptionally good credit scores.

Understanding the Process
People generate invoices and serve their clients after delivering products. The best invoice factoring companies employ easy and straightforward processes to buy such invoices. They just require clients to contact them for brief negotiations. When the business talks bear fruit, they give their clients upfront cash advances for their invoices. The factoring companies then proceed to collect payments when the invoices mature.

Factoring companies do not issue advances on invoices that have not been earned yet. Since the factoring companies buy invoices instead of offering debt, they must verify that the accounts receivable are credible and viable. An invoice appeals most to factoring companies if the invoices are directed to major developers and stable supplying companies.
Most factoring companies issue about 90 percent of the invoice upfront. They only pay the remaining 10 percent after collecting what your clients owe. They also charge a fee for the service.

You can sum up the entire process of invoice factoring in five simple steps.
1. Supply goods and services as usual and bill your clients.
2. Go to a factoring company and negotiate a proper deal.
3. Sell the invoices, addressed to your clients, to the factoring company and receive about 90 percent of the receivables’ worth in a cash advance.
4. The factoring company collects money from your clients.
5. Receive the remaining ten percent of the invoices’ worth minus whatever fee you agreed to yield to the factoring company.

The binding factor with a factoring company is the agreement contract it presents after productive negotiations. It should include the following details.
1) The length of service.
2) The volume commitment.
3) The advance rate.
4) The factoring discount.

The process is that simple, and it presents way more advantages than traditional banks often do.
Many businesses are accustomed to borrowing from banks when they need financial assistance. Long applications can be hectic and tiresome. Credit can take months to generate meanwhile your business suffers. Worse still, the line of credit creates undesirable debt on your balance sheet. Unlike invoice factoring, a bank loan must consider your company’s creditworthiness to qualify it. However, it can take less than half an hour to get approved for factoring. Moreover, you will have plenty of financial help to grow your business. Invoice factoring can offer you advances that can range from 50,000 to 20,000,000 dollars.

Another advantage that invoice factoring presents over lines of credit is that you do not need to provide collateral. Traditional banks place your business at an untenable position in case of any delayed payments from your customers. They also require you to process titles to property that you use as security. Such processes sometimes require that you hire experts whose charges you probably didn’t plan on paying at the time.

Types of Invoice Factoring Companies
There are many factoring companies across North America. Choosing the right factoring company is important for your business, and it should build a long-lasting relationship with the factoring company.
• Factoring specialist and factoring generalist.
The growth of factoring led to the division of factoring companies into either specialists or generalists. Those that provide its services to more than one business are referred to as factoring generalist. Factoring generalists keep client folders in many instances.
Factoring specialists only finance invoices for clients operating in specific industries.
• Recourse vs non-recourse factoring companies
Invoice factoring companies are classified as either recourse or non-recourse. Recourse factoring companies don’t transfer the risk of the customer defaulting from you. The reduced risk diminishes their charges.
Non-recourse invoice factoring companies take on all credits and risks for the collection of the invoices that they buy. For the increased risk, they charge higher factoring rates.

While loans are great for expanding or stabilizing the operations of your business, invoice factoring can do a much better job. Loans hold the potential to impact your creditworthiness negatively. Creditors can also levy heavy fines and other hidden charges at the slightest delays. Factoring companies, on the other hand, work towards building your credit scores. Even though they do not offer loans, they often report their productive lending transactions to boost their clients’ credit scores. It is within their interests to grow their clients’ financial portfolios. That is the best way through which they continue making repeat clients who bring bigger prospects when they return.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

White Glove Service

We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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