Loans for Solicitors

Like every professional in business, solicitors require funding to manage cashflow, extend their firm’s reach and purchase assets, from IT resources to new office furniture. However, solicitors also need finance for more industry-specific applications, like litigation loans and case funding.

Fortunately, a diverse range of loans and finance products are available to support the business aims of solicitors. While it depends on eligibility, loans for solicitors can be accessed quickly, allowing legal professionals to execute their plans without delay.

Bridging loans

Short-term finance solutions, bridging loans often support property transactions and let solicitors buy a property while they wait for another property sale to complete and for funds to be released. Flexible and fast, these loans can be a fit for property deals with a time limit. While traditionally employed for property deals, lenders increasingly offer bridging loans for other purposes.

Case funding

An industry-specific type of financing, case funding helps solicitors acquire legal cases or fees enabling them to boost the growth of their practice or expand their current client base.

Litigation loans

The purpose of litigation loans is to fund legal expenses. For example, loans can cover a solicitor’s court and barrister fees. Applications are typically submitted by the law practice to the loan company on behalf of the client and lenders assess the case stage, loan amount, likelihood of success and the borrower being able to repay, among other factors. As a rule, litigation loans are usually repaid within a set term or when a case ends.

Working capital finance

This finance product provides law firms with cash to pay suppliers and staff while they wait for client payments. Working capital finance helps firms manage their cash flow and are available with flexible repayment terms.

Loans for solicitors in easy reach

At AJL Finance, we believe in complete transparency when helping solicitors secure the funding they need. We work to build a relationship with the professionals we help and pride ourselves on providing an honest and personalised service. If you’re a solicitor looking to borrow from £5,000 upwards, you can expect a rapid response. If you are eligible for a loan, funds can be with you within 48 hours. Apply for finance today through our easy-to-complete online form.