Why are you carrying client disbursements?
Unlock your working capital with Disbursement Funding. Just ASK.

ASK has seen an increase in demand for our Disbursement Funding facility. At present over 30 of Australia’s most specialised personal injury firms have adopted ASK’s facility as the new and improved method to fund client outlays and unlock much needed capital for their practice.

The facility works similar to an overdraft; ASK approves your firm for an amount e.g. $200,000 that you can draw down against to cover client’s hard disbursements such as medical bills, court filling fees and counsel.

Unlike an overdraft where your firm carries the cost of the interest, ASK Disbursement Funding facility allows you to pass the interest over to the client, making the disbursement a contingent liability on your balance sheet.

The client typically signs a credit contract with ASK at the same time the retainer is signed. You are able to approve the client in-house without any reference back to ASK. As your firm is guaranteeing the principal sum plus interest, in the event the matter is unsuccessful, you will be able to continue to act on a ‘no win no fee' basis.  

Interest rates currently range between 14.50% - 20.00% depending on the strength of guarantee provided by your firm. Credit assessment is based on financial information and the historical success rate of your firm.

Key Law Firm Benefits

• Disbursement Funding is a unique facility offered by ASK that allows personal injury plaintiffs to borrow to pay for case-related disbursements throughout their matter
• Obviates the need for you to carry disbursements unlocking much-needed capital
• Reallocate capital to grow your firm or increase partner drawings
• Turn your balance sheet around by replacing a liability with a contingent liability
• Increase your cash flow
• Generate client loan contracts in-house without reference back to ASK
• Non-recourse to client – allowing you to continue to act on ‘no win no fee’ basis

Key Client Benefits

• Allows medical reports to be obtained when required
• Matter turned over faster
• Funds are repaid from the settlement proceeds – no requirement to make payments through the life of the claim
• Non-recourse loan to the client
• No credit checks
• Client only pays interest on the amount drawn down into the Solicitor's Trust Account 
• Loan is assessed on client's legal case, not financial standing

Stop acting like a bank – with ASK Disbursement Funding you can grow your firm without tying up your working capital.