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Revolving credit facility for law firms

A revolving credit facility gives your business an agreed limit, from £10,000 to £1 million, that you draw from as needed. Law firm partners use Rook Bristol revolving credit facility to fund disbursements on active matters or spread the cost of a PII renewal, with rolling facility, reviewed periodically and decision within 24 hours; draw funds once the facility is live.

Apply nowAbout revolving credit facility
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.

Revolving credit facility for law firm partners
Amount£10,000 – £1,000,000 limit
TermRolling facility, reviewed periodically
SpeedDecision within 24 hours; draw funds once the facility is live
PaymentsMonthly, based on the balance drawn
Best forCash-flow gaps, VAT bills, seasonal stock and unexpected costs

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 a revolving credit facility

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 a revolving credit facility work?

  1. 1

    Apply once online. We review turnover, cash flow and trading history, using Open Banking data alongside your credit file.

  2. 2

    Your finance team agrees a facility limit and explains the cost of drawing, in pounds, before anything is signed.

  3. 3

    Draw any amount up to your limit whenever you need it. Funds are sent to your business bank account.

  4. 4

    Repay monthly on what you've drawn. As you repay, that credit becomes available to use again without a new application.

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 a revolving credit facility?
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 a revolving credit facility?
It is a flexible credit limit your business can draw from, repay and draw from again. Think of it as a business overdraft that sits outside your bank: you pay only on the balance you use.
How is it different from a business loan?
A business loan pays out one lump sum with a fixed repayment schedule, which suits a known, one-off cost. A revolving facility is reusable and suits recurring or unpredictable needs such as VAT quarters, seasonal stock and cash-flow gaps.
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