Looking to start a firm? Purchasing files to grow your practice? Is carrying outlays weighing the firm down?
If your client's case requires money to be spent upfront, why not defer payment until the case is settled/finalised. Neither your business nor the client need to be out-of-pocket for months, waiting for the case to progress.
You know your invoice will be paid - but when? Do you find yourself waiting weeks/months for your invoices to be paid? Why not issue an invoice and be paid for it immediately, on the same day! Get in touch to find out how.
Why do I need this/how does it work?
Rates, due dates, and all other variables can be decided on a case-by-case basis. When it comes to litigation there often isn’t a one size fits all solution. We tailor-make our working relationship based on what you need. The following is an example of what you can expect in a typical transaction:
We front the capital to get cases moving, that frees your cash up for other things, and the client doesn’t have to shell out upfront. Win, win, win. If you’re cash-flow positive anyway that’s great, but forking out hundreds of thousands to get matters moving is money that could be spent on an extra solicitor; more support staff; upgrading office space et al.
No extra paperwork
We do not require any loan documents, contracts, or any signatures from your client. We enter into a commercial relationship with you, based on a once-off set of terms and conditions. No obligation to use our services, and no lock-in contracts. There is a standing agreement between Legal Pay and your firm which you can choose to use if and when you feel like it.
What about disclosure?
We find that clients address this by inserting a simple clause into their conditional costs agreements, explaining that unless clients wish to pay out-of-pocket expenses during the case, the firm will engage the services of a third party funder.
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Securing finance from a bank or other financial institution can be a long, difficult, and frustrating process. Skip the fuss and take control of your business with a commercial arrangement that is tailored to your specific needs, without having to justify yourself with unreasonable disclosure.
When you're busy running a business, you don't have time to jump through hoops for financiers. Demonstrate your track record for paid work and we'll back you 100%.
We understand that extended payment terms are the "done thing" across several industries. Payment terms of 14 days+ are not uncommon. If you're tired of waiting to be paid for work you have already completed, get in touch with us to get paid on the same day you issue the invoice.
It can be hard to take stock of exactly how well your business is doing when clients don't pay in a timely manner. Typically, larger companies take advantage of smaller suppliers by making them wait to have their invoices processed. With our assistance, you will be paid for the work you've done upon completion. That way, you always know exactly how much money you have at any given time.
That depends on how much you need, and how quickly we can expect to recover our investment in you. Every business has unique needs. Get in touch today and let's talk about how we can help you grow.
If you are a sophisticated retail (individual) investor and/or
professional (institutional) investor or funds manager, please reach out to us.
There is always room for further growth within the Legal Pay family.
We are happy to come to you and explain in detail how the process works. No obligations, no pressure, just an honest explanation of the product. We will leave our terms with you for your consideration, and will never ask you to sign anything on-the-spot.
133 Castlereagh Street, Sydney New South Wales 2000, Australia
Monday - Friday: 9:00am - 5:00pm
Saturday/Sunday: By appointment.
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