Law firms carry a distinctive cash-flow burden: matters can run for months or years, disbursements are paid out long before they are recovered, and lock-up between work done and cash collected is often substantial. Credicorp lends to legal practices that are UK limited companies or LLPs, for business purposes only.
Where funding helps
The gap between effort and payment is the core challenge. Borrowing can fund that working-capital gap so the firm does not have to choose between taking on good matters and meeting its own outgoings.
- Funding disbursements and counsel fees ahead of recovery
- Carrying work in progress on long-running matters
- Investing in case management, e-disclosure or compliance technology
- Supporting lateral hires or a new practice area before it matures
Important boundaries
Credicorp does not provide litigation funding tied to the outcome of a case, and we do not lend against client-account monies. We provide ordinary business borrowing to the firm itself. Client money must remain handled under your regulatory obligations and is never part of our security.
Credicorp Flex and Credicorp Slice are both available. The loan is to the company or LLP with no personal guarantees from partners. As an exempt business lender outside the FCA consumer-credit regime, we are not covered by the Financial Ombudsman Service or FSCS. Your agreed rate and term are shown in your offer.
See also: Funding for architecture and engineering firms, Funding for professional services firms and Funding for dental practices.