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Asset finance for law firms

Asset finance spreads the cost of vehicles, machinery and equipment over its working life through hire purchase or leasing, with the asset itself securing the agreement so your cash stays in the business. Law firm partners use Rook Bristol asset finance to fund disbursements on active matters or spread the cost of a PII renewal, with up to 60 months, matched to the asset's working life and decision within 24 hours.

Apply nowAbout asset finance
Check your eligibilityStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your finance manager.

£10K£1M
How long have you been trading?
What's your average monthly turnover?

Total money coming into your business account in a typical month.

What type of business is it?
Where should we reach you?

We'll use this only for your application.

Asset finance for law firm partners
Amount£10,000 – £1,000,000 per asset or package
TermUp to 60 months, matched to the asset's working life
SpeedDecision within 24 hours
PaymentsFixed monthly payments, with or without a deposit
Best forVans, plant, machinery, kitchens, medical and technology equipment

Common uses in law firms

  • Fund disbursements on active matters
  • Spread the cost of a PII renewal
  • Hire fee earners or open a new office
  • Acquire another practice or client book
  • Invest in case management systems

Why law firm partners choose asset finance

Disbursements come before fees

Court fees, counsel's fees, expert reports and search fees are paid out long before matters conclude. Revolving credit keeps them moving.

Work in progress is slow to bill

Litigation and conditional fee matters can run for months or years before a fee is recovered.

Client money stays separate

Client account funds can't be used for office costs under SRA rules, so the firm needs its own working capital.

Tax and PII renewals are lumpy

Professional indemnity insurance renewals and partners' tax bills land as large, predictable sums. Spreading them protects cash flow.

How does asset finance work?

  1. 1

    Send us the supplier's quote, new or used, and tell us whether you want to own the asset at the end or simply use it.

  2. 2

    We confirm the asset's value and recommend hire purchase or leasing, with a term matched to how long the asset will earn for you.

  3. 3

    Once you sign, we pay the supplier directly and the asset is delivered to you.

  4. 4

    Make fixed monthly payments. With hire purchase, ownership passes to you after the final payment; with leasing, you can return, extend or upgrade.

What do I need to qualify?

  • 6 months trading
  • £10K+ in monthly turnover
  • A UK-registered business
Check my options

Other funding for law firm partners

Questions, answered

Something else on your mind? Ask the team.

Can law firm partners qualify for asset finance?
Many can. We typically look for a UK-registered business, 6 months trading and £10K+ in monthly turnover. We review law firms businesses with the sector's cash-flow patterns in mind. All finance is subject to status.
What is asset finance?
Asset finance is a way to acquire business equipment and spread the cost over time. The two main types are hire purchase, where you own the asset at the end, and leasing, where you rent it for an agreed period.
What's the difference between hire purchase and leasing?
With hire purchase you pay in instalments and ownership transfers to you after the final payment, usually with a small option-to-purchase fee. With leasing the finance provider owns the asset and you pay to use it, with options to return, extend or upgrade at the end.
Do you lend to SRA-regulated firms?
Yes. We fund solicitors' practices, including sole practitioners, LLPs and ABSs, subject to status.

Want to partner with us?

Businesses, brokers and introducers: check eligibility in about three minutes, or talk to our team about working together.

Apply nowContact our team