Equipment Financing for Law Firms
Modern legal practice requires technology: case management systems, secure document storage, eDiscovery tools, and reliable infrastructure. Equipment financing preserves the working capital you need for case expenses while building the practice technology clients expect.
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Technology Investment for Legal Practice
Legal technology drives efficiency, security, and client service. Professional software, secure infrastructure, and modern tools are essential for competitive legal practice.
Software Investment
Practice management, case management, billing, and document systems cost $5,000-$50,000+ for comprehensive implementation.
Security Requirements
Law firms hold privileged client information. Cybersecurity, encryption, and secure storage are professional obligations.
Efficiency Impact
Modern legal technology improves attorney productivity. Better systems mean more effective client service.
Client Expectations
Clients expect secure portals, electronic billing, and modern communication. Technology affects client perception.
The Legal Technology Challenge
Modern practice requires technology investment that competes with case expenses.
Technology Cost Scale
Comprehensive legal technology package runs $25,000-$100,000+ for growing firms.
Security Investment
Cybersecurity, encrypted storage, and security systems require ongoing capital.
Working Capital Priority
Case expenses need working capital. Cannot deplete cash for equipment.
Software Costs
Legal software is expensive. Practice management, eDiscovery, and research tools add up.
Office Expansion
Growing firm needs additional workstations and infrastructure.
Competitive Capability
Clients compare firm technology. Investment affects competitive position.
Equipment Financing Process
Get technology financed efficiently while preserving working capital.
Application
Complete application with firm information and equipment needs.
10-15 minutes
Documentation
Provide bank statements and equipment quote from vendor.
Upload documents
Evaluation
We evaluate practice revenue, time in business, and equipment value.
24-72 hours
Funding
Accept terms. Payment sent to vendor. Equipment is yours.
1-3 days
Finance Technology, Preserve Case Capital
Equipment financing structures payments across equipment useful life while keeping working capital available for case expenses and payroll.
100% Financing Available
Finance the full equipment cost. No large down payment required.
Terms to 60 Months
Spread payments across equipment useful life.
Equipment as Collateral
The equipment secures the financing. No additional assets needed.
Technology Focus
Finance software packages, servers, workstations, and office technology.
Fast Approvals
Equipment deals do not wait. Get approval in 24-72 hours.
Preserve Working Capital
Keep cash available for case expenses and operations.
Law Firm Equipment Financing Scenarios
Common equipment financing applications for legal practices.
Case Management System
Comprehensive practice and case management software.
Typical funding: $15K-$50K
Server Infrastructure
Secure servers, network equipment, and backup systems.
Typical funding: $20K-$75K
Workstation Package
Multiple workstations for growing attorney team.
Typical funding: $15K-$50K
Security Systems
Cybersecurity infrastructure and encrypted storage.
Typical funding: $10K-$40K
Office Buildout
Furniture, fixtures, and office equipment for new space.
Typical funding: $25K-$100K
eDiscovery Tools
Document review and eDiscovery technology.
Typical funding: $20K-$75K
Equipment Financing vs. Alternatives
Understanding when equipment financing makes sense.
| Feature | Equipment Financing | Cash Purchase | Working Capital |
|---|---|---|---|
| Cash Required | 0-10% down | 100% | None |
| Ownership | At term end | Immediate | N/A |
| Case Capital Impact | Preserved | Depleted | Drawn down |
| Interest/Cost | 8-15% | None | Higher |
| Equipment Collateral | Yes | N/A | No |
| Tax Treatment | Section 179 | Section 179 | Interest deduction |
| Best For | Major equipment | If cash rich | Multi-purpose |
| Speed | 24-72 hours | Immediate | 24-72 hours |
Equipment Financing Requirements
What qualifies law firms for equipment financing.
Practice History
Established law firm with revenue track record.
1+ year preferred
Owner Credit
Attorney owner credit reviewed. Higher scores access better rates.
620+ for most
Revenue Level
Revenue sufficient to support equipment payments.
Supports payment
Equipment Type
Recognized equipment from established vendors.
Standard equipment
Bank Statements
Firm bank account showing revenue patterns.
4+ months statements
Equipment Quote
Quote from vendor detailing equipment and pricing.
Itemized quote
Equipment financing decisions weight equipment value. Quality equipment collateral enables approval.
Real Results
Metro Legal Partners
Business Litigation, Illinois
The Challenge
Metro needed case management system ($35,000), server upgrade ($25,000), and security infrastructure ($18,000). Cash purchase would deplete case expense reserves.
The Solution
We financed $80,000 over 48 months. Monthly payments of $2,100 easily manageable from firm revenue.
The Result
Technology upgraded across the firm. Case management improved efficiency 30%. Security audit passed. Working capital preserved for case expenses.
βCase management transformed our practice. We track everything better, bill more accurately, and clients see the professionalism. Financing let us invest properly.β
Legal Equipment Data
Statistics on legal technology and financing.
Equipment Financing Advantages
Why equipment financing makes sense for law firms.
Preserve Case Capital
Keep cash for case expenses and operations.
Tax Advantages
Section 179 may allow full deduction.
Efficiency Gains
Modern technology improves attorney productivity.
Security Compliance
Updated infrastructure meets bar requirements.
Predictable Payments
Fixed monthly payments for budget planning.
Competitive Position
Modern technology improves client service.