VFS Legal Funding

VFS Legal Funding

Release your Cash in your existing cases

VFS Legal Funding is the newest member of our MLS Advantage scheme supporting Manchester Law Society Members.

They are one of the leading UK funders for law firms with many clients in the North West.

Specialising in providing cash flow solutions for Law firms and releasing cash already invested in WIP and disbursements on existing cases. Many firms are making contingencies with the current
situation and it is important not to leave it too late.

Costs Advance Funding: This solution releases cash against issued draft bills; interest is payable monthly and the deals are repaid on a case by case basis as the settlement is received. Aside from an immediate release of cash, the law firm can use the funds as it needs. A proven benefit is many firms see the actual settlement levels increase due to not being as reliant on accepting a lower payment immediately so you can negotiate higher costs.

High-Cost Case Funding: Instead of waiting for a case conclusion and a draft bill, we will advance funds against a case where liability has been admitted but it is not yet in a position to settle. We will generally advance up to 60% of the estimated WIP and Dibs at the point of drawdown with further funding as the case progresses.

Disbursement Case Funding: The facility can fund disbursements on an individual case basis and release the cash you have tied up in disbursements. Most types of case can be considered, provided an ATE policy is in place which covers the disbursements.

During these challenging times its business as normal. VFS can process applications for firms quickly if you have any short or long term requirements call Rick Gregory on 07789 686 523 or
enquiries@vfslegal.com

 

Membership

View more information regarding the benefits of membership to Manchester Law Society