FAQs
Legal Practices
Welcome to the Feesier Frequently Asked Questions page! Here, you'll find answers to common queries about our instalment financing for legal fees and how it can benefit your practice. If you have any other questions or need more information, please don't hesitate to reach out to us directly on legal.practices@feesier.com
Feesier is cost-free instalment financing for legal fees for your existing and prospective clients. By paying your fees straight away, Feesier helps you tackle some of your main financial and commercial challenges in running a legal practice.
By using Feesier you benefit from stronger cashflow, immediate receipt of fees, more instructions, fewer outstanding invoices and less payment chasing, more efficient client acquisition costs and recognition for contribution to improving access to legal services.
Feesier also makes your services more attainable and paying for them more manageable for your clients without affecting your own cashflow.
In short, Feesier pays your fees directly to you straight away while your client pays Feesier back in gradual interest free instalments. You can find a more detailed explanation of the process here.
For legal practices, it's Pay As You Go commission of 7.99% on the financed amount or 6.99% if you sign up to the Feesier Pledge (see FAQs 9 & 10 below for more information on the Feesier Pledge). Your fees are paid to you minus the Feesier commission. There are no joining or subscription costs or any minimum term contract.
Feesier financing is interest and cost free for your clients provided that they make all repayments on time.
Your legal fees where their amount is set (fixed, capped or already invoiced) subject to the current maximum of £3,500 (to be increased in the next 6 months). Fees for work to be done, already done and outstanding invoices can be financed for full or partial amounts.
Your individual and business clients.
You can complete the sign up form here and we will get in touch with you to process your application. Alternatively, you can email us on legal.practices@feesier.com
No (but integrated options will be available at a later stage if that’s your preference).
Your promise not to pass your Feesier commission costs on to your clients in return for a discount of 1% on the Feesier commission.
No, it’s a voluntary participation scheme (but we would strongly encourage you to).
Feesier was co-founded by a solicitor with 17+ years experience of the legal industry. It also has already been introduced to the SRA.
Feesier B2C financing is currently not required to be authorised by the Financial Conduct Authority (the FCA) as it falls under the exemption in Article 60(F)(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 relating to short term and interest free lending.
Feesier B2B lending is generally outside the scope of FCA regulation.