ENABLING LAW FIRMS TO MONETISE ASSETS THAT ARE ASSIGNED LITTLE TO NO VALUE BY TRADITIONAL LENDERS

SpectraLegal uses innovative methods to value and lend against a law firm’s WIP and disbursements, thereby releasing funds tied up in assets that are assigned little to no value by traditional lenders. The facility supplements conventional bank financing to provide flexible long term working capital.

KEY FEATURES

  • Flexible overdraft facility.
  • Interest rates from 1.5% per month.
  • Lending is based on the financial strength of
    the practice and not on an assessment of
    individual files.
  • No client involvement in the process.
  • Funds can be used for any business purpose.
  • No personal guarantees required.
  • Secure and easy-to-use online platform.
  • Interest & charges can be added to facility.

THE RESULT

  • A facility that is able to grow as the firm grows.
  • The firm is able to monetize assets that are
    assigned little to no value by traditional lenders.
  • Cash can be used to negotiate better terms
    with suppliers.
  • Cash is freed up for marketing services and
    investment in client files to maximize the
    value of their claims.
  • Financial leverage enables partners to conserve
    cash while generating a higher PEP.

 

For further information on WIP & Disbursement Funding, please contact us

View details of our Costs Account Facility

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