Maintaining access to the funding you need to grow your practice is a crucial requirement for all legal firms, with ever-present demands for capital often resulting in a significant drain on cash flow.
The timing of some of a law firm’s biggest costs can make planning very difficult, with firms having to cover the costs of Professional Indemnity Insurance and Practising Certificate renewals so soon after the July partnership tax deadline.
At LDF, we have been helping law firms across the UK to fund these costs for many years. We are pleased to now be able to offer a combined funding solution designed to consolidate PII, Practising Certificates and DX costs under one easy to manage agreement.
Firms are able to benefit from a tailored finance solution for each individual cost, or combine them into one funding arrangement that allows the cost of all three requirements to be spread over an appropriate term. This provides customers with a flexible payment facility, and the peace of mind that their key costs are covered.
For more information on our finance facilities or to make an application, contact LDF Professions today.