FINANCE PRODUCTS
Fee Funding
What is it?
Fee Funding is a ground breaking legal services funding product for businesses. Fee Funding is now available to qualifying creditworthy companies.
Businesses requiring legal services of value in excess of $5,000 (ex-GST) can now enter a 12 month payment plan and effectively spread their legal fees over a year.
This new cash flow friendly facility includes a zero interest rate offering that can be provided in conjunction with an Alpha Accredited legal services provider.
Services commonly leased with Fee Funding
Pros
No upfront payment in advance of commencing a legal project or action
Enhanced ability to undertake legal matters free from the inhibitor of insufficient cash. Preservation of cash reserves
More productive working relationships with your lawyers when fee negotiations are out of the way
Increased ‘access to justice’ due to a new affordability solution for legal services
The ability to obtain higher quality and higher coverage of legal support to sustain your business
Twelve month zero interest facility option available
Cons
Funding must be a minimum of $5000
Alpha Accredited legal services provider must be used in conjunction with zero interest facililty
What type of business uses Fee Funding?
Any business that requires legal services to be performed without compromising their cashflow.
Tax and accounting treatment for Fee Funding
Treated as any normal business operating expense.
