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Hampshire Trust has developed a unique and exciting scheme in conjunction with solicitors and respected costs consultants that allow solicitors practices to take advantage of greatly enhanced cash flow when they submit a file for costing. Our Costs Advance Scheme is available to all practices, whatever their size.
The scheme promotes strong positive cash flow and so negates or reduces the pressure to compromise and thus maximises entitlement to costs - the Solicitor doesn’t have to accept ridiculous offers.
The benefits of the scheme include:
- 70% of profit costs and paid disbursements may be drawn upon the costs consultant’s preliminary assessment of the costs
- No repayment until the costs received
- Payment by BACS direct to your office account
- Enhanced cash flow improves a practice’s position in costs negotiations
- Competitive charges - deferred until settlement cheque received
- Available for all forms of legal work
- Operated via a secure internet interface called HELIX which allows information to be obtained and account administration 24/7
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