Dovetailing with ALP’s established comprehensive After The Event (ATE) insurance cover, the PAID+ approach combines ALP’s existing ‘Paid As Incurred Disbursements’ (PAID) scheme, which allows solicitors to claim the cost of disbursements when they are paid rather than at the end of a case, with the expert medical services and deferred payment terms from the leading UK provider of medical reports, Speed Medical.

Recognising that the legal industry is facing longer settlement times and that finding the right medical expert can sometimes be challenging, PAID+ has been designed to help law firms mitigate these challenges.

PAID+ assists firms by reducing the cash flow burden from long-running cases, and through Speed Medical’s expertise, streamlining the way medical reports, pagination and medical notes are obtained.

Unlike funding arrangements, a key feature of ALP’s scheme is that this is not a loan and not subject to additional interest or drawdown fees. Instead, it is simply paying disbursements as incurred rather than at case conclusion. This makes the model easier for law firms to explain to clients and removes the need and complexity of getting clients to enter into a consumer credit agreement.