Acorn Business finance has joined forces with Gemstone Legal to emerge as a leading provider of finance and risk management services to the legal sector. The combined force of Gemstone Legal and Acorn Business Finance gives us the ability to offer a truly bespoke unsecured funding solutions with a tailored level of service to our clients.
We understand the challenges associated with identifying and accessing the necessary finance solutions to help your law firm grow and thrive. So how can we help?
We understand that the interest earned on money held in your client and office accounts can be an important contributor to the firm’s income.
Although law firms are duty bound to pay clients fair and reasonable rate of interest on monies deposited, you can still leverage your aggregate pool of client money to access higher interest rates, then retain a portion of the income. To that end, we’ve helped our clients to better generate thousands of pounds of additional income.
It’s also important that you have a clear policy in place regarding the treatment of interest earned on client money, and that you structure your accounts appropriately in light of your firm’s day-to-day processes, the SRA Accounts Rules, and any financial risks that might arise.
We can help you to understand your commercial banking options to generate income for your firm, then utilise our extensive network to set you up with a banking relationship designed to maximise your returns.
Let’s be honest, risk management isn’t the most interesting topic in the world. But given that law firms operate in one of the most highly regulated sectors in the UK, effective risk management has never been more essential.
Poor risk management can lead to ramifications ranging from complaints and reputational damage, to severe regulatory fines and the SRA revoking firms’ licences to operate, so it’s worth investing in solid risk management practices from the get go.
*Gemstone Legal Limited is an Introducer Appointed Representative of Acorn Business Finance which is Authorised and Regulated by the Financial Conduct Authority No. 822913.
To discuss financing for your business, contact us either by phone 01242 395 507, email hello@acornbusinessfinance.co.uk or book a callback.
Please note, calls may be recorded for training and quality purposes.
Acorn Business Finance strives to provide clients with the highest level of service. If you feel that our service fails to meet your requirements and you would like report a complaint, get in touch via hello@acornbusinessfinance.co.uk
Acorn Business Finance is the trading name of SJT Corporate Finance Limited. SJT Corporate Finance is registered in England and Wales, number 10919713. Registered office, Festival House, Jessop Avenue, Cheltenham GL50 3SH. SJT Corporate Finance Limited is authorised and regulated by the Financial Conduct Authority, reference number 822913. ICO registration ZA301050 and you can check via www.ico.org.uk.
We are a credit broker, not a lender. We work with a panel of funders to find a potentially suitable arrangement for your consideration.
We will receive commission from these funders, different funders pay different amounts depending on their commission model. For transparency we normally work with the following commission models – a percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.
Eddie brings a wealth of experience and knowledge from the finance sector.
Since building up and successfully selling on his own vehicle leasing brokerage, he joined Acorn Business Finance 5 years ago as a consultant covering the North of the country. Based in South Cheshire, he is ideally located to assist SME clients
around the whole area.
He enjoys building long term relationships with clients and helping them achieve their targets by providing creative funding solutions and watching their businesses grow. Outside of work Eddie enjoys escaping to North Wales to get wet and cold up various mountains, sampling some good food and beer once he gets down again, and spending time with his family – mainly chasing his 2 young sons around.
