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-our funding based on what you specifically need. The following is an example of what you can expect in a typical transaction:
No establishment fee; no periodical interest, just a flat-fee agreed upfront.
We provide the investment 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 obligations 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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