High Cost
Case Funding

HCCF is similar in to our CAF product, but with the additional benefit for the law firm to be able to raise funding on a case, not from when a bill is issued BUT WHEN AN ADMISSION OF LIABILITY HAS BEEN RECEIVED.

 Cash flow is aligned to the WIP accrued & Dibs incurred on a case specific basis

Up to 80% of WIP & Dibs incurred to that point can be Advanced (plus further draw downs as the case progresses)

 Value of the WIP and Dibs is assessed by VFS partner Citadel Law

 Citadel Law also provide guidance on obtaining interim payments thereby reducing a law firm’s interest costs

 Facility put in place with agreed limits to enable multiple cases to be funded

Master Documentation & Term Sheet is issued

Funding on a case by case basis gives law firm the option to use as required

 Highly competitive rate with low, interest-only payments on a monthly basis

Capital only repaid upon settlement of the case – open ended term

Cash flow truly aligned to specific case ensuring funding is cash flow neutral

Upon bill issue, all benefits of our CAF product come to the fore including:-
– Financial strength to challenge low settlement & maximise profits
– Time to negotiate as cash flow is strong as VFS have advanced funds
– 8% statutory interest on the full value of the bill

Regulatory compliant structure and documentation

Complements existing bank facilities & provides law firm with financial headroom

Simple, Innovative, Proven

VFS Legal Funding Products
VFS Legal offers a range of innovative funding options for Law Firms to release cash flow tied up in Costs and Disbursements. Find out more about our products here:

VFS Legal Funding

SIMPLE
INNOVATIVE
PROVEN
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