Dedicated Australian finance broker lawyers and barristers, Legal Home Loans, is teaming up with sought-after accounting software for barristers, BarBooks, in a “first-of-its-kind” partnership to support barristers in managing their personal and professional financial needs.
Legal Home Loans (LHL) has entered a partnership with BarBooks to provide those at the Bar with simplified, expert-driven lending options, leveraging technology solutions to streamline and ensure optimal financial outcomes.
The partnership came into effect earlier this week, on 1 October.
In conversation with Lawyers Weekly, Pedram Afshar – co-founder and board member at BarBooks – said the partnership is to provide barristers with “seamless” access to tailored mortgage and financial solutions.
“This partnership was entered into to make it easier for barristers to manage both their personal and professional financial needs through trusted, specialised experts whilst safeguarding barristers’ privacy and confidentiality,” he said.
BarBooks is excited, Afshar continued, about the potential to deliver an effective experience that puts barristers in control and gives them better opportunities to achieve their financial goals.
“Barristers are always in control of their data and may use it to save time. This partnership allows us to better serve the Bar, nationally (available in all states) by providing tools and finance solutions that truly understand and cater to the unique challenges barristers face,” he said.
Barristers’ end-user data will be kept private and will not be shared unless it is required.
LHL director of sales Cullen Haynes noted that barristers often face complex financial situations, “including securing high-value residential or investment loans, arranging funding for chambers, and managing practice finances efficiently”.
Traditional lenders, brokers, and solutions, he said, “often don’t cater nor understand these unique needs, creating a gap in tailored support for the legal profession”.
“Barristers will benefit from simplified, expert-driven lending options, including up to 90 per cent borrowing without lenders mortgage insurance and 100 per cent options for chambers. Barristers can use BarBooks’ technology solutions to streamline their applications for finance, reduce administrative tasks, and secure the right financial outcomes. If barristers choose to do so, they have the opportunity to save time that they can spend on their practices,” he said.
This partnership, Haynes went on, represents a “first-of-its-kind collaboration in Australia”, bringing together industry-leading legal finance and practice management solutions.
“We look forward to helping barristers unlock both professional efficiency and financial opportunities in one seamless experience, but one which puts barristers in the driving seat. BarBooks have also recently expanded into the UK too, which is exciting,” he said.
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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