FUNDING DUE DILIGENCE

THE WHY

Funders recognise that the lifeblood of legal businesses of the future is dependant on quality, expertise, low operational risk, financial management and healthy asset base (profitable work and valuable recoverable WIP). Independent review of these areas are increasingly required as part of pre-lend due diligence.

THE HOW

ZebraLC provides due diligence reports on all aspects of legal services to enable law firms to obtain funding. This might be to invest in niche areas, fund expansion of existing work, or funding to acquire other law firms and personal injury WIP books.

WIP is usually the largest asset of a law firm, and the only material asset that lenders will use as collateral. Independent audit and technical review of such assets prior to lending are often sought, irrespective of cautious asset/loan ratios.

Understanding the operational and financial management of caseloads/matters is a key factor underpinning WIP value profile and indemnity risk. As experienced technical auditors, ZebraLC has assessed and audited a wide variety of legal service areas where firms use many different IT systems and processes. We are uniquely placed to understand operational risks.

FUNDING CLIENTS

Clients include law firms, banks, funders and private investors who are looking for ‘comfort and confidence’ surrounding WIP value, operational and indemnity risk profiling.

ZebraLC has worked with a number of mainstream banks, including RBS, NatWest, HSBC, and Yorkshire Bank.

RECENT PROJECTS

  • Bott & Co
  • Switalskis
  • Pattinson Brewer
  • Hilary Meredith
  • GAD LLP
  • Unity Law
  • Roberts Jackson

 

Please contact steveastley@zebralc.co.uk for our technical capability statement and Ebrochure

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