VFS Legal Limited in administration (“VFS”) and Virtual Business Operation Services Limited in administration (“VBOS”) (together “the Companies”). On 21 July 2023 the individuals below were appointed as Joint Administrators of the respective Companies.
Joint Administrators VFS: Sarah Collins and Mark Firmin
Joint Administrators VBOS: Sarah Collins and Jonny Marston
The Companies affairs, business and property are being managed by the Joint Administrators who act without personal liability.
VFS Legal is a fresh thinking funder with an innovative approach to working with the legal sector. Our products are unique, regulatory compliant, and designed to help a law firm improve their cash flow.
We do not seek to provide a replacement for your bank facilities but rather a complementary solution that delivers the cash flow funding that is required to develop a law firm.
Disbursement Funding - VFS can fund your external costs.
Repaid at natural conclusion of the case
We fund the law firm, not the claimant, giving you free choice of providers
Costs Funding - Release your WIP tied up in a case
Low monthly interest-only payments
Repayment upon receipt of settlement increases law firm's financial "muscle"
What can VFS do for you?
We can fund your disbursements or release the cash tied up in cases where there is an admission of liability or judgement – including multi-defendant cases. A low interest rate, payable monthly, with the capital being repaid once the bill has actually settled, is an extremely cost effective method of releasing cash.
This can enable you to maintain excellent supplier relationships or give you the financial muscle to negotiate the correct settlement level without the need to reach a quick, inappropriate agreement which undervalues your WIP. All funds released by VFS are the law firm’s to use as they require and our unique products give you the cash flow to drive your business and increase your profitability.