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Selective Invoice Finance for Legal Services Firms - Apply

Selective Invoice Finance for Legal Services Firms is a way for law firms to get quick cash by borrowing money against specific unpaid invoices they choose, helping manage cash flow without waiting for clients to pay. Interested in learning how it could benefit your firm? Let’s chat!

Invoice Financing

Secure up to £500,000 in Invoice Financing with Funding Agent.

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What are the benefits of Selective Invoice Finance for Legal Services Firms?

Selective Invoice Finance for Legal Services Firms provides a tailored financing solution that allows law firms to access funds quickly by leveraging their outstanding invoices. This financial tool helps firms manage their cash flow more effectively, ensuring that they can meet operational expenses, invest in growth, and maintain strong client relationships without waiting for invoice payments.
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Improved cash flow
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Flexible financing options
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Enhanced client relations

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What are the different types of Selective Invoice Finance for Legal Services Firms?

Recourse Selective Invoice Finance

The law firm sells selected invoices and retains liability if the client doesn't pay.

Recourse Selective Invoice Finance

Recourse selective invoice finance allows a legal services firm to choose specific invoices to sell, but if clients fail to pay, the firm must buy back those invoices or make the financier whole, increasing risk but typically lowering costs.

Non-Recourse Selective Invoice Finance

The law firm sells selected invoices and is not liable if the client defaults.

Non-Recourse Selective Invoice Finance

Non-recourse selective invoice finance lets a legal firm select invoices to sell and transfer the credit risk to the financier. If the client defaults, the firm isn't responsible, but this usually comes at higher fees due to increased risk for the financier.

Spot (Single Invoice) Finance

The law firm finances one invoice at a time for flexibility and no ongoing contract.

Spot (Single Invoice) Finance

Spot (single invoice) finance provides ultimate flexibility, allowing a law firm to finance just one invoice when needed without ongoing commitments. This is ideal for occasional cash flow gaps but may have higher per-invoice fees compared to whole-ledger options.

What is Selective Invoice Finance for Legal Services Firms?

What is Selective Invoice Finance?

Selective Invoice Finance lets legal services firms choose specific invoices to sell to a finance provider for immediate cash, rather than having to fund their entire sales ledger. This helps firms get paid quickly for certain cases or clients without committing all invoices or entering a long-term contract.

Types: Recourse, Non-Recourse, and Spot Finance

Law firms can choose different types: recourse (the firm covers the risk if the client doesn’t pay), non-recourse (the finance provider takes on the risk of non-payment), or spot (single invoice) finance, which allows funding one invoice at a time for extra flexibility and no ongoing obligations.

Key Benefits for Legal Firms

Selective Invoice Finance boosts cash flow, helps firms cover expenses like payroll or case disbursements, and supports growth without the need for loans or overdrafts. It is especially useful for firms dealing with large or slow-paying clients, or those with occasional funding needs.

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FAQ’S

What is Selective Invoice Finance for Legal Services Firms?
Are there eligibility requirements for Selective Invoice Finance in legal services?
How quickly can legal service firms get funds using Selective Invoice Finance?
Do Selective Invoice Finance providers run credit checks on legal service firms?

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