Case Study: a leading solicitors firm achieves flexible working capital with Lenkie

How Lenkie resolves the cashflow challenge for legal practices in the UK

A leading solicitors firm in Sheffield faced unpredictable cash flow due to the deferred and delayed payments common in the legal industry, making it difficult to invest in growth. Seeking an alternative to unsuitable invoice finance or lengthy bank loans, the firm turned to vendor Lenkie and its credit facility for a solution.

Lenkie provided a flexible, commitment-free credit facility that was set up within days. This allowed the firm to instantly pay suppliers and spread repayments over manageable instalments. With this solution, the firm was able to grow its panel of third-party experts, swiftly develop technology, and deliver a broader range of legal cases, all while maintaining its diverse workload across departments.