Wesleyan, a specialist provider of financial solutions to the legal sector, today announces that it has extended its exclusive long-term partnership with the Law Society.
The Law Society of England and Wales has once again chosen Wesleyan to be the only endorsed finance provider to its members for both commercial and personal financial solutions. This sits alongside a separate agreement with the Law Society of Scotland.
Legal practitioners face greater pressures to meet their clients’ demands for value-added services amidst an uncertain UK economy as Britain prepares to exit the European Union. Law firms must also prepare for the most significant change in compliance legislation for more than 20 years in the shape of the impending General Data Protection Regulation (GDPR), whilst safeguarding sensitive client information against the escalating threat of cybercrime.
Effective from today, the new agreement means that Law Society members can now benefit from a broader portfolio of commercial, personal finance and protection products from Wesleyan which can support them at every stage of their careers.
Wesleyan’s flexible commercial finance solutions enable law firms to maximise their growth and support their cash flow against rising operating costs. These include flexible short-term expenditure funding for Tax, VAT, Practising Certificates and Professional Indemnity Insurance. The company provides medium-term loans which cover investment in technology and associated IT services including cyber and data security, in addition to long-term financial solutions to facilitate business mergers and acquisitions, commercial mortgages and partner buy-ins and buy-outs.
The exclusive agreement has been extended to encompass wider Wesleyan Group products and services to offer Law Society members a comprehensive range of personal financial solutions. These comprise personal income protection, partnership protection, mortgage protection, critical illness and life assurance cover which offer legal practitioners a prudent and proactive way to mitigate risk wherever possible.
Vicki Wentworth, Chief Customer Office, said: “We are delighted to extend our strategic partnership with the Law Society and offer a number of new financial solutions from across the Wesleyan group. With our specialist understanding of the legal sector gained over many years and continued investment in our products and digital services, we are ideally positioned to support the financial needs of the Law Society’s members whatever their requirements.”
Joe Egan, president of the Law Society of England and Wales, added: “We are very pleased to be able to endorse Wesleyan for the provision of commercial and personal financial products and services to our members. Throughout the endorsement process, we have been consistently impressed with the quality and standard of customer care presented.
“The endorsement is designed to bring additional membership benefits and assists Law Society members in making informed choices when purchasing business or lifestyle services and products.”
