SpectraLegal offers specialised and innovative financial services for personal injury legal practices. Options for personal injury law firms in England and Wales to fund their practices have been in short supply in recent years amid caution from traditional lenders and the many reforms hitting the sector. SpectraLegal offers a unique combination of secure finance and the expertise to provide strategic value to the firms it finances. The business targets personal injury firms operating on conditional-fee and damages-based agreements, through two types of financing facilities: Costs Advance and WIP & Disbursements. • Costs Account Facilities enable law firms to draw down against expected costs awards in completed cases, meaning they can release cash without having to compromise on their costs claims. • WIP & Disbursements Facilities help firms monetise their WIP and disbursements to progress their cases, subject to a minimum of £200,000 for each facility. SpectraLegal is also working on plans to expand its range of products and services in PI and other areas of practice. Launched in 2015 by the principals behind BridgePoint Financial Group, Canada’s leading provider of financial services for law firms and their clients, SpectraLegal enjoys a key competitive advantage from BridgePoint’s vast experience of supporting more than 750 Canadian law firms. There are strong similarities between the Canadian litigation system and that in England and Wales, with the damages-based agreements regime introduced by the Jackson reforms in 2013 copied directly from the one operated in Ontario, which created similar financial pressures for Canadian law firms.