JustFund and Plenti Announce Strategic Partnership
Ensuring Continued Access to Family Law Funding for Clients.
JustFund, Australia’s leading specialist in family law finance, is pleased to announce a strategic partnership with Plenti, a diversified lender that has built a successful family law funding product over a number of years. This partnership strengthens JustFund’s commitment to ensuring that clients and lawyers continue to have access to funding solutions for family law matters, and supporting fair and equitable outcomes.
Plenti has provided legal funding to thousands of clients, helping them navigate the financial challenges of separation. However, as Plenti’s corporate strategy has evolved to focus on other lending sectors—including automotive, renewable energy, and personal loans—the company has made the strategic decision to step back from offering legal funding. The partnership with JustFund ensures a seamless transition for family lawyers utilising Plenti, and future clients who may require family law financing.
Plenti will continue servicing existing family law finance loans until the end of their terms, including making payments, attending at settlement and providing their usual services to current customers. Clients who require additional funding as they approach settlement may transition to JustFund, which offers tailored financial solutions at any stage of a matter. Plenti is no longer actively offering additional funding or refinancing for loans it is currently funding.
JustFund to Assist the Family Law Market with Innovative New Product Offering
To further assist the family law market to address funding needs, JustFund will be introducing a new joint-funding product that will provide funding for both sides of a separation matter. Both parties will be able to simultaneously apply together for a joint funding line, ensuring equitable access to legal funding and enabling both sides to secure the financial support they need. This groundbreaking initiative reflects JustFund’s commitment to fostering a collaborative model in family law, where financial solutions are accessible to all parties, promoting fairer outcomes and reducing the power imbalance often present in separation matters.
Plenti and JustFund are working closely to minimise any disruption for clients and law firms. Plenti will continue to assess current applications already received until April 14. New applications will be directed to JustFund who will take the lead in ensuring that clients can receive the necessary financial support to resolve their separation matters.
What This Means for Current Plenti Borrowers?
Plenti will continue to service any loans it is currently funding including making payments, attending at settlement and providing their usual services to current customers. Should clients require an increase to their loan or refinancing, they will be able to apply directly with JustFund. Plenti is no longer actively offering additional funding or refinancing loans it is currently funding. If you have more questions please refer to our FAQ sheet here.
What This Means for Future Borrowers?
For all new borrowers, JustFund is now the primary point of contact for family law finance. Law firms with clients in need of funding to cover legal fees can engage with JustFund’s dedicated team to discuss their requirements by contacting the JustFund client service team on 1300 644 980 or apply directly to JustFund at justfund.com.au/apply-now .
What This Means for Law Firms?
If your firm has clients in need of flexible funding to cover legal fees and you are not already accredited with JustFund, you can apply to become JustFund accredited at justfund.com.au/for-lawyers. If you have more questions please refer to our FAQ sheet here.
