PRESS RELEASE – Slater & Gordon Renews Partnership with VFS Legal
Slater and Gordon renews partnership with VFS Legal for £30m funding
Today, Slater and Gordon, the leading consumer legal services business, announces the extension of its partnership with VFS Legal Funding, with an increase of £10million to its funding facility.
The arrangement with VFS Legal, a specialist finance company working within the legal sector, will enable Slater and Gordon to accelerate its growth plans and fast track its investment in its new technology programme.
It will also help the company to speed up its investment in to tools to improve and digitalise the customer experience as part of the organisation’s ongoing transformation work.
David Whitmore, Chief Executive Officer, Slater and Gordon said “We are committed to providing the very best in legal services. To achieve this, we are always exploring different ways to make our customers’ experience better whether through great talent, investing in technology or through innovative partnerships.
“We’re delighted to continue our work with VFS Legal Funding who truly understand and share our purpose.”
The Slater and Gordon transformation team has been working with leading suppliers and partners in the technology space to develop bespoke tools and packages to build an unrivalled business and customer offering ahead of the 2020 industry reforms.
Norman Kenvyn, Founder and CEO, VFS Legal says “With the support from VFS Legal Funding, Slater and Gordon has been able to deliver justice for its customers quicker and more efficiently, helping people to move on from their time in need and we are pleased to be able to continue this partnership for the next few years”.
VFS Legal Funding provides a range of financial products to law firms, facilitating cost advances and disbursements funding options. VFS assists cash flow by releasing cash that is tied up in a case, giving law firms the financial muscle to move their business forward whilst removing the need to compromise in settlement negotiations.
Media Contact – Sophie Forrest
Sophie.forrest@fhfhlondon.co.uk / 020 8618 1733
About VFS
VFS Legal Ltd is a leading provider of funding for Law Firms. Established in 2011 VFS has funded over 25,000 cases lending in excess of £130m. VFS increase a law firms cash resources releasing cash flow locked up in disbursements and WIP. This provides the law firm with certainty and the financial resources required to build the business today, not tomorrow; and by increasing the law firms financial muscle, this affords firms the time and opportunity to drive profitability. The company continues to lead the industry providing innovative solutions to enable lawyers to do what they are best at Winning Cases.