Legal Practice (LLP) Invoice Finance UK 2026

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Recruitment agencyConstructionWholesaleUnder £500k turnoverConfidential (clients mustn't know)Not sure

Market Invoice is an independent UK invoice finance comparison site that ranks 87 UK invoice finance providers.

UK law firms and LLPs face structural cashflow pressure: high partner drawings, ongoing salary and chambers/office costs, against client invoices that are often paid slowly (and sometimes only after matters conclude). Invoice finance providers such as Bibby, Skipton, Aldermore and (for firms over £5m turnover) IGF typically advance 80 to 90 percent of issued invoices, with fees quoted per facility. Confidentiality matters: most law firms use confidential invoice discounting (clients never know) rather than disclosed factoring. Firms billing large corporate or institutional clients on regular terms get the strongest terms.

What this page covers

This page covers

invoice finance for UK law firms and LLPs: confidential discounting, personal injury, conveyancing, SRA implications

Not covered here

General invoice finance education (see /guides/), individual provider reviews (see /providers/), full pricing breakdown (see /guides/costs/)

UK providers worth knowing

ProviderFee fromMin turnoverWhy it fits
AldermoreNot published£750kConfidential discounting for larger practices
Bibby Financial ServicesNot publishedNot publishedEstablished practices
Skipton Business FinanceNot published£100kMid-market LLP and partnerships
IGF Invoice FinanceNot published£5mBusinesses over £5m turnover (asset-based lending)
HydrVariableNo minSpot factoring on one-off large client invoices
AP

Adam Parker

Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd

Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.

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Law Firm Invoice Finance UK FAQ

Can law firms get UK invoice finance?

Yes, on invoices already issued to clients. Advances of around 80-90% are typical, with fees quoted per facility. Confidential invoice discounting is the usual choice so clients never know the firm uses external finance. SRA regulation considerations are minimal because invoice finance is a finance product not a legal service.

Best invoice finance for UK law firms?

Bibby Financial Services and Skipton Business Finance (from £100k turnover) for established practices. Aldermore for practices above its £750k published minimum wanting confidential discounting. Brokers and platforms such as Capitalise can compare across multiple lenders.

Personal injury law firm invoice finance UK?

PI fees are usually only billable when a case settles, so standard invoice finance fits PI firms less well than it fits firms billing monthly. PI firms more often use disbursement funding (medical reports, court fees, expert evidence) and work-in-progress lending from specialist legal lenders. Litigation funding is a separate product again, aimed at the case rather than the firm's cashflow.

Conveyancing firm invoice finance UK?

Conveyancing fees are usually taken from completion monies on the day, so there is often little left on credit terms to finance. Invoice finance helps conveyancing firms mainly where they bill commercial or institutional clients on credit terms; working-capital loans suit seasonal volume swings better.

SRA implications of invoice finance?

Minimal. SRA Code of Conduct doesn't restrict the firm's use of external commercial finance. Confidentiality of client matters is preserved on confidential discounting facilities (clients never know). Some firms include notification of finance use in client engagement letters as a courtesy. SRA's principal concerns (client money, conflicts, competence) are unaffected.

Cost of law firm invoice finance UK?

A service charge (most providers, Skipton included, quote it per facility) plus a discount charge of roughly 1.5-3% above Bank of England base rate (5.25-6.75% a year with base at 3.75%) on the money drawn. On a £100k average drawn balance, the discount charge alone would be about £5,250 to £6,750 a year, before the service charge.