Who we are
Law Capital was established by individuals who have combined experience of decades spent in the industry servicing the legal profession. We pride ourselves on delivering the highest level of customer service to meet the growing needs of the top performing legal firms in the industry.
What we do
We provide the legal profession with a deferred payment solution for third party costs (disbursements).
In short, this gives law firms:
• The ability to defer repayments for third-party costs (disbursements) until the conclusion of the matter (or up to 30 months, whichever is the earlier).
• Standardised, simple and transparent fee structure.
• No hidden costs or complex calculations leading up to settlement as the total financing fee is known upfront.
The benefits of our model
• Releases the firm’s working capital.
• Enables cases to move forward more efficiently.
• Provides more cash flow flexibility.
• Increases the number of cases (without cash flow implications).
• Facilitates growth.
How it works
Law Capital is a Business-to-Business (B2B) lender so has no interaction with your client (the plaintiff). Your client (plaintiff) accepts the disbursement funding solution through your law firm cost agreement.
Law Capital has simple to understand application form which once approved, covers your firm for all future funding requests. There is no further requirement for ongoing paperwork.
Once the law firm’s credit facility has been approved by Law Capital (in accordance with our Terms of Trade), we accept all funding requests electronically.
Law Capital will fund the disbursement invoice(s) within 24 hours of receipt and immediately thereafter raise a Law Capital (deferred) invoice to the law firm (this invoice has a flat, front ended markup designed for simplicity and efficiency in the administration of your matter).
Law Capital defers the payment of its invoice(s) until the conclusion of the matter (or up to 30 months, whichever is earlier).
In the event the matter extends beyond the 30 month-term, Law Capital strives to continue to support your funding requirements to the ultimate completion of your matter.
Meet the team
Anthony Hersch
CEO
Anthony Hersch is an experienced senior executive who has worked across the Financial Services industry for more than two decades.
Anthony has demonstrated impressive capabilities from managing investment portfolios associated with high net wealth family offices to leading a division of and ultimately becoming Chief Operating Officer of ASX listed, LawFinance Limited (ASX:LAW) over the better of the last six years.
Anthony has a unique understanding of the funding requirements of the legal profession and has spent a considerable time working within the industry to design bespoke financing solutions to meet the demands of an evolving profession.
Anthony is a Chartered Accountant (CA ANZ), a Fellow Member of the Financial Services Institute of Australasia(FINSIA) and holds a Bachelor of Commerce degree from the University of CapeTown.
Lilian Obeid
Operations Manager
Lilian Obeid has spent the past two decades supporting the funding requirements of personal injury firms across Australia.
Lilian has a depth of experience in this industry that is unparalleled and highly respected amongst her peers. Lilian’s incredible dedication to her law firm clients and deep understanding of the industry has allowed her to cement long standing relationships across the depth and breadth of a changing landscape within the legal profession.
FAQs
1. What are the types of disbursements that will be covered?
Medico-legal reports, radiology reports, all other expert reports, court filing fees and any other third-party costs (as approved by Law Capital).
2. When will Law Capital pay the invoice?
Law Capital pays the invoice within 24 hours of receipt.
3. Are there any establishment, annual and ongoing fees?
No. Law Capital does not charge establishment, annual or ongoing fees.
4. Do I need to contact Law Capital for a payout figure?
No. As all Law Capital invoices have a front ended markup, there is no need to contact Law Capital for a payout figure in the first 30 months (from funding) as you have the payout figure on day 1.
Law Capital has designed this funding solution to ease the time wasted and administrative burden of complicated interest calculations leading up to the settlement of your matter allowing you to focus on the matter at hand.
5. When do Law Capital require repayment?
No payment is required until the receipt of fund into your firm’s trust account at the conclusion of the matter (or up to 30 months, whichever is earlier).
6. What if the matter extends beyond the standard 30-month term?
Law Capital will assess the viability of the matter and based on that review, will provide an extension to the ultimate completion of the matter.
7. What if the matter settles quickly?
Law Capital will provide an early settlement discount on the basis that the matter settles within 12 months of the date of funding.
8. What if the matter fails?
In the event of a lost matter, Law Capital will provide a significant discount on our markup.