ABOUT US Located at the very heart of London’s legal district, Doorway Capital is an independent and specialist provider of risk capital to law firms.
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oorway Capital recognises that law firms expect funding to be tailored to their own individual needs and because we invest our very own capital, we are committed towards providing highly creative, flexible and responsive solutions to all our clients’ needs. Whether the funding is required for the purposes of making an acquisition, investing in new technology or staff training, making lateral team hires, making payments to HMRC or retiring partners, funding disbursements or other work-in-progress, effecting a turnaround or for simply improving working capital, Doorway Capital is precisely where a law firm’s vision should be built.
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CONVENTIONAL WISDOM
The biggest risk for most law firms is not that they will start trading at a loss but that they will run out of funds while still making a profit. This is most likely to happen in new firms that do not understand how much capital they require, or in rapidly growing firms which therefore require more capital to avoid running out of money. Source: Law Firm Benchmarking Report by the Royal Bank of Scotland
Failure to control cash flow associated with work in progress ‌ is one of the key areas where attention is required. Source: Steering the course: research into the characteristics of law firms in financial difficulty by the SRA
If your client is contemplating a CVA, PVA, pre-pack or other consensual debt restructuring that requires access to external capital and you are assisting in the preparation of an IBR, we would like to help.
t. 020 7406 1484 e. funding@doorwaycapital.com
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WHERE VISION GETS BUILT H
ere at Doorway Capital, we recognise that the capital structure of a firm needs to be able to shoulder the long-term goals of its partners as well as weather the day-to-day cashflow needs of its practice. Whilst sophisticated financial modelling allows us to compare the value of our capital with that of a private equity house or another funder, we believe much greater value will come from us building a long term relationship and the stronger PEP and recovery rates our clients should expect from that relationship.
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85%
If you are looking to grow your practice, receivables funding could help you cover the cost by providing the ideal cash flow solution. This form of funding allows you immediate access to the cash tied up in your unpaid invoices and other cost receivables so you no longer have to wait until you receive payments from clients or defendants. Best of all, your clients need not know about the arrangement as receivables funding can remain entirely confidential.
Doorway Capital will look at funding up to 85% of a firm’s unpaid invoices, other receivables and any VAT thereon.
MAKING MORE POSSIBLE WORKING CAPITAL
FUNDING FOR ACQUISITIONS
BUYOUTS CASE FUNDING
FUNDING FOR PII
FINANCE FOR TURNAROUNDS AND CONSENSUAL DEBT RESTRUCTURINGS
DISBURSEMENTS FUNDING RECEIVABLES FUNDING
DBAs
ALTERNATIVE BUSINESS STRUCTURES
STRATEGIC CAPITAL
CVAs AND PREPACKS
t. 020 7406 1484 e. funding@doorwaycapital.com
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THINK WHAT WE CAN DO FOR YOU W
hether you are looking for another source of working capital, standby funding for an acquisition or other strategic transaction or just about anything else, we will try to help shape a proposal that meets your precise needs, present and future. Whatever your funding needs, please email or telephone us now to arrange an introductory meeting. Doorway Capital will consider funding limited companies, LLPs and partnerships that are authorised by the SRA to practise law in England and Wales, which have at least three equity partners or their equivalent and where there is an initial funding requirement of at least ÂŁ50,000. Neither Doorway Capital nor its staff are authorised or permitted to provide firms with corporate finance or other financial advice.
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Doorway Capital is always keen to work with clients that support paediatric and other children’s charities in the UK. Please let us know if you support our CSR policy.
... AND OTHERS t. 020 7406 1484 e. funding@doorwaycapital.com
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Doorway Capital Limited 5 Chancery Lane London EC4A 1BL t. 020 7406 1484 e. funding@doorwaycapital.com w. doorwaycapital.com