ASX-listed, LawFinance Ltd (formerly JustKapital Ltd) is a specialist provider of alternative financial solutions that directly resonates with the immediate and emerging demands of the legal profession in Australia.
Disbursement funding
Release capital constraints. Take on additional cases. Generate more revenue.
JustKapital is a leading provider of disbursement funding (out-of-pocket expenses) for law firms. Repayments of the funded disbursements are not contingent on the outcome of the underlying cases.
Disbursement funding is well-aligned to support small to medium-sized personal injury and commercial litigation firms, as well as firms that seek growth without cash flow implications. This facility enables cases to progress without being obstructed by the need to finance third-party costs upfront. The deferred payment structure provides certainty as to the cost, with no complicated calculations leading up to settlement. Common disbursements include medico-legal, radiology and expert reports, as well as Court filing fees.
JustKapital’s business model is beneficial to each entity:
Lawyers
- Allows access reports and medical assessments that help progress a matter
- Releases working capital restraints
- Enables cases to move forward quickly
- Increases the number of cases a law firm can actively manage (without cash flow implications to the law firm)
- Provides more cash flow flexibility
- Facilitates growth
- Reduces administration and streamlines accounts receivables
Clients
- Assists clients unable to pay for the out-pocket expenses of their case.
- Enables cases to progress quickly
- Some claims would not be able to proceed in the absence of disbursement funding
How it works
JustKapital has a simple and transparent funding model whereby the disbursements are paid on behalf of a law firm while a matter is in progress. A flat mark-up is applied to all disbursements incurred, and charged to the law firm upon the case completion.
Meet with JustKapital and complete sign a simple one-page application form
Submit the disbursement invoice(s) for funding
JustKapital pays the provider directly within 24 hours of receipt
Reports are issued directly to the law firm
Payment is charged upon conclusion of the matter (or 30 months, whichever is first)
JustKapital pays the disbursements to the provider, charges a standardised mark-up and
immediately invoices the law firm upon case completion. There are no hidden costs or complex
calculations leading up to settlement, as the price is known up front.
Benefits of the JustKapital facility include:
- Upfront, transparent pricing
- No interest charged, fees or repayment required until the conclusion of the matter (or 30 months, whichever is first)
- No hidden costs, price deviation or complex calculations leading up to the matter conclusion
- No ongoing administration fees, no account keeping fees and no annual fees
- Straight-forward documentation
- Direct Business Development Manager support (legal background)
FAQ
JustKapital is a business-to-business lender, established specifically to support law firms. It does not provide funding directly to clients.
Upon approval, law firms will provide JustKapital the invoice(s) directly. LawFinance will pay the provider directly within 24 hours of receipt. Reports are issued directly to the practice.
Benefit of JustKapital’s disbursement funding solution for law firms:
- Allows access reports and medical assessments that help progress a matter
- Releases working capital constraints
- Enables cases to move forward quickly
- Increases the number of cases (without cash flow implications)
- Provides more cash flow flexibility
- Facilitates growth
- Reduces administration and streamlines accounts receivables
Benefit of JustKapital’s disbursement funding solution for clients:
- Enables access to supporting medical reports that may otherwise be unattainable
- Provides the client the opportunity to achieve improved compensation under the claim
- Assists cases to progress quickly
Please reach out via:
Litigation funding
The litigation funding division will cease operations once the remaining cases are settled (expected FY2021). The Company is no longer accepting litigation funding requests.