WHO GETS FUNDED

The Attorneys Development Fund is in the forefront of legal practice development and individually assesses the needs of each law firm. Qualifying law firms are generally sole practitioners and examples of deserving law firms can include:

Newly established law firms (usually in rural areas).

An attorney within an existing law firm.

Law firms who specialise, or who intend to specialise, in a specific legal field.

Law firms in areas (usually rural) where there is a shortage of attorneys.

Existing law firms who wish to expand on their areas of operation

APPLICATION CRITERIA

What are the application criteria?

The application is made in the name of the law firm and the criteria relate to the attorney (sole practitioner).

The applicant must:

• Be an admitted attorney;
• Lack funds / assets to finance the law firm’s basic operational needs;
• Provide a business plan, marketing plan and cash flow statement;
• Have the capacity to become an efficient and proficient attorney;
• Learn how to establish and run a successful business;
• Conduct a sustainable practice;
• Be willing to be mentored and trained further and monitored continuously;
• Recognise and accept his/her responsibility to repay the full amount;
• Be within acceptable margins as a business risk.
• Be in good standing with his/her statutory, provincial law society.
• Have registered for, be exempted from, or have undertaken to enrol for the mandatory Practice Management Training.

Notes

i. The applicant must note that no direct cash requests will be considered and the Fund is not a bank .
ii. The ADF reserves the right to request additional information and/or details about any information provided.

How does the application process work?

Before any assistance is provided, the ADF’s Applications Committee reviews and evaluates the law firm’s application. This assessment is performed as part of a due diligence exercise to ensure that the law firm has the potential to grow into a successful business and sustainable practice.

Loan Agreement

All successful applicants will be required to enter into a loan agreement with the ADF and to repay the ADF for resources provided over a prescribed period, interest free.

HOW TO APPLY

Complete the application form and send it to applications@lpdf.org.za together with the following supporting documents:

1. Certified ID Copy;
2. Certified copies of qualifications;
3. Certified copy of admission certificate;
4. Certified copy of Fidelity Fund Certificate;
5. Business Plan;
6. Projected Budget and Cash Flow Statements for 12 months; and
7. A list of items required.

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