COVID-19 has presented significant challenges in the way we all must conduct business, and the practice of law is no exception. Notwithstanding great strides being made to accommodate medical assessments and mediations online, there remain many impediments in moving claims through to resolution as well as signing on new clients that will have financial implications for law firms for the foreseeable future.

Funding Specifically for the Legal Sector

SpectraLegal was established to provide funding that can assist consumer litigation law firms navigate the unique financial challenges that running books of work on a contingency fee basis represent.

The funding solutions we offer serve as strategic practice management tools while alleviating the cashflow pressures that all firms are facing as a result of these difficult market conditions.

Equity Release (ER+): Enabling law firms to release capital back into the business

  • Provides a cash injection to the firm by releasing partnership equity invested in paid disbursements
  • Complements bank lending and represents an additional source of liquidity
  • Off balance sheet financing with maximum flexibility and no restrictive warranties, covenants, security, etc
  • Repayments in line with case settlements ensuring minimum disruption to the firm’s cashflow

Disbursement Funding (DF+): File Specific Disbursement Funding

  • Off balance sheet financing with maximum flexibility and no restrictive warranties, covenants, security, etc
  • Very competitive cost – No win, no pay
  • No requirement for the client to enter into additional agreements
  • Cost recovery from the defendant and/or client

The SpectraLegal Portal

Both of these innovative law firm funding solutions are offered exclusively by SpectraLegal and can be easily accessed with minimal administration through our online portal.

Learn more

If you’re interested in learning more about our law firm funding products, please contact us at 020 7043 0746.