Information For Law Firms
Why not remove the hassle and financial burden of financing your clients’ legal disbursements?
Personal Injury law firms that enter into ‘no-win-no-fee’ agreements with clients, are faced with the burden of covering Practice expenses as well as the ongoing costs and disbursements associated with Personal Injury claims.
Legal Funding Australia can help by:
- Minimising your bank overdraft
- Reducing your interest costs
- Enabling you to invest your money into expanding the Practice
- Allowing better cash flow and overall Practice profitability
Why is there a need for disbursement funding?
Legal Funding Australia understands the needs and complexities of disbursement funding faced by Personal Injury law firms.
As a leading disbursement funder, Legal Funding Australia ensures your Practice does not act as a banker for Claimants. Unlike a bank, we offer our clients flexible and unique Disbursement Funding Products, which can be tailored to your Law Firm, and your clients’ needs.
How it works
Our Disbursement Funding Products are used to ensure Law Firms and Claimants are not out of pocket, or further financially distressed during the claims process.
With a rapid approval process, and no intrusive employment or income checks, we pride ourselves on our service.
We can offer you:
- A suite of products to complement clients and your Practice
- Guaranteed confidentiality
- No repayments until your claim settles
- All loans processed the same day, or by the next business day
- No restrictions on medical report providers, expert reports, Court filing fees or other third-party disbursements
Once approved as one of our Panel Solicitor Firms, simply instruct us to pay an invoice, and the funds will be released to your Trust account, or directly to the service provider. The Solicitor has the flexibility to choose which disbursements to fund, and interest is only payable on the funds and fees drawn against the facility. There is no minimum drawdown amount, and you can request either the full drawing or a part drawing of an approved loan. Loan applications are between Legal Funding Australia and your client(s), with your Law Firm acting as Guarantor.
How to apply
If you wish to become a Panel Solicitor Law Firm, contact Legal Funding Australia. We will assess your request, and approve an overall credit facility for your firm’s disbursements.