FINANCIAL & LEGAL
Release the cash you have tied up IN YOUR ONGOING CASES Cash flow is the lifeblood for all firms and the timescales to receiving costs for serious brain injury and medical negligence claims present a challenge for even the best law firms. For multi-track or high- value cases creates a financial burden on the firm.
FLEXIBLE TAILOR-MADE SOLUTION ALIGNED TO A CLINICAL NEGLIGENCE FIRM’S CASH FLOW VFS assists by releasing the WIP and cash tied up in existing cases. By proving simple competitive cashflow solutions we increase your financial muscle. Disbursement Funding Facility (DCF) can be used to fund disbursements and issue fees on an individual file basis including releasing cash tied up in disbursements already incurred releasing up 100% of the external disbursements incurred on each case. Costs Advance Funding (CAF) This is our most popular product and comparable to invoice discounting and can be used when a law firm has won a case and the bill of costs has been served. VFS will advance funds against the settlement of the expected costs. This enables the firm to negotiate the right settlement and accept a lower offer just to get the case settled. High Costs Case Funding (HCF) For higher-value cases hird parties ‘dragging their feet on complex where there is an admission of liability, VFS can release part claims means payment is often received many of the WIP already incurred years from the start disbursements to date. of the case. The uncertainty that surrounds and This aids cashflow and is Don’t let cash flow restrict repaid upon the natural the funding required for such the growth of your firm or of the case. affect the service to your complex cases often leaves firms in conclusion VFS takes care of the funding clients. a difficult position when and cash flow enabling the VFS has been providing law firm to do what it does forecasting cash required to run a funding facilities to Law firms best and focus on the case for over a decade specialising in case or how they compensate for and achieving the right high-value, complex litigation. outcome. ■ the cases that lose. The uncertainty that
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surrounds the funding required for such complex cases makes forecasting cashflow difficult for firms. Our Disbursement, Cost Advance and High-Cost case funding have made us the funder of choice for legal firms providing over £150 million of funds to over 90 firms. Funds can be used for any purpose and our regulatory compliant documentation, low interest-only payments and repayment aligned to the individual case all ensure a smooth cash flow. Our core products are specifically designed with Personal Injury and clinical negligence cases in mind.
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To find out more about how we can assist www.vfslegal.com or for an informal chat telephone 0203 747 9333 or email enquiries@vfslegal.com
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