A flexible facility designed specifically to ease the cash flow burden of court fees.

As UK court fees rise, additional pressure is being placed on a law firm’s already stretched cash flow. Strong financial performance isn’t just about profit in a ‘no-win no-fee’ environment; it’s increasingly about cash.

SpectraLegal offers clinical negligence and personal injury law firms a fast and flexible solution to access funds for upcoming and incurred court fees.

KEY FEATURES

  • Flexible overdraft facility designed specifically to ease the cash flow burden of court fees.
  • Expedited approval for facilities of up to £200,000.
  • Lending is based on the financial strength of the practice and not on an assessment of individual files.
  • Not a claimant loan; no obligations or responsibilities on the claimant.
  • No personal guarantees required.

THE RESULT

  • Improves the firm’s ability to issue court proceedings in a tactical and timely way.
  • Court fees are paid without impacting the firm’s cash flow, enabling cases to progress.
  • Relationships with incumbent banks are enhanced by partnering with a specialist finance provider.
  • The firm is able to increase pressure on defendants.

 

For further information, please contact us

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