Legal fee financing that pays your firm up front

Legal fee financing is an alternative payment solution that lets your firm get paid in full up front while your clients pay their legal fees in installments. Clients make smaller, regular payments to Affirm, a third-party lender.

Pay Later is client financing built into your LawPay checkout and powered by Affirm. The client picks a plan. Your firm gets paid in full.

No. ClientCredit is now Pay Later. Same solution, new name.

With a standard lawyer payment plan, you collect each installment yourself and chase the ones that run late. With legal fee financing through Pay Later, Affirm pays your firm up front and collects from the client directly.

Pay Later may be a good fit if you want to:

• Get paid up front, improve cash flow and reduce the risk of non-payment compared with a scheduled payment plan.

• Spend less time following up on client payments.

• Reach clients who want more ways to pay.

• Reduce outstanding receivables and the need to discount fees.

Affirm financing is only available to individual clients, not entity clients using it for business or commercial purposes.

Affirm. Your firm is not the lender, and neither is LawPay. You receive the full fee up front, and repayment is between your client and Affirm.

Your clients apply for a loan through Affirm when paying their invoice. If they’re approved, Pay Later sends 100% of the funds directly to your law firm.

Your firm receives the full amount once the client's Affirm application is approved. Funds settle in your bank account via ACH within 1 to 5 business days of each transaction, depending on your account type.

In most cases, your law firm isn’t responsible for a client's unpaid loan and keeps the full fee it already received. However, firms with a pattern of defaults may be subject to review by Affirm. Collecting unpaid funds is between the client and the lender. Clients who fail to make their repayments may be ineligible for future loans through Affirm.

Your clients see a "Pay Later" option on your firm's payment page. Selecting it takes them to a short online application with Affirm. They enter a few pieces of information and get a decision in real time.

No. Clients applying for an Affirm loan through Pay Later must do so on their own personal device.

Yes, there's a cost: 5.95% of each financed payment. You can't pass that fee on to the client.

Pay Later supports transactions from $150 to $30,000. A client's approved amount depends on their eligibility. It isn't a line of credit. Affirm issues a closed-end consumer loan for that specific transaction, and each loan has its own application.

Yes, Pay Later can be used for payments into trust or operating accounts. Just as with accepting cards and eChecks in 8am LawPay, we will never debit any fees from the trust account.

No. Pay Later doesn't change how your trust account works. You still choose trust or operating for each payment, and fees never come out of trust.

Refunds on loans for legal fees work the way they normally do. Your firm can refund the full amount, or part of it, tied to the original transaction. The client gets the refund, and LawPay debits that amount from your firm.

Yes, fee financing is allowed by the ABA. Please refer to ABA Formal Opinion 484 for more details.

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