NEW Credit Evaluation for Law Firms

Your law firm is a lender. Are you acting like one?

When you defer client fees, you extend credit. RetainerLogic gives you the credit data every other lender uses—so you can structure retainers with confidence, not guesswork.

Risk Score Range 720–780 Good Recommended Split 50% / 50% Retainer / Deferred Risk Assessment Payment Reliability: High

Law firms extend credit without credit data

Credit bureaus refuse to provide credit reports to law firms—not because it's prohibited by law, but simply because it's been their practice. The result: firms making lending decisions blind.

No Bureau Access

Credit bureaus don't serve law firms directly. This isn't law—it's bureau policy that leaves you without data.

Gut-Based Decisions

Without credit data, firms rely on appearances, employment status, and instinct—the way banks operated in 1950.

Collection Problems

The retainer clears, but the deferred balance becomes a chronic receivables problem—or worse, a write-off.

What's prohibited vs. what's permitted

There's a common misconception that law firms can't use credit data. Here's what the rules actually say:

FCRA § 604(a)(3)(A)

"A consumer reporting agency may furnish a consumer report... to a person which it has reason to believe intends to use the information in connection with a credit transaction involving the consumer."

What's prohibited: Using credit to determine whether to represent a client or to set the fee amount itself.

What's permitted: Using credit to determine how much of an agreed-upon fee can be deferred as credit.

The distinction matters. You're not charging clients differently based on credit. You're deciding how much credit to extend—exactly what every lender does.

Read Full Legal Analysis →

Key Legal Points

  • FCRA permits credit inquiries for extending credit—deferred fees qualify
  • Bar rules prohibit fee discrimination, not payment term structuring
  • Bureau refusal is practice, not legal requirement
  • Written consent + permissible purpose = compliant inquiry

Credit data in three steps

Through our bureau relationship under FCRA, we provide the credit evaluation you need to make informed lending decisions.

Obtain Consent

Client signs our FCRA-compliant consent form—we provide the template. Takes 30 seconds.

Submit Information

Enter basic identifying details through our secure portal. We run a soft credit inquiry that won't affect their score.

Receive Assessment

Get a risk category and recommended retainer/deferred ratio within seconds. Documentation included.

Try 5 Free Evaluations

Risk assessment, not a full credit report

You don't see your client's full credit history—just the actionable data you need to make an informed decision.

Risk Score Range

Score band indicating payment reliability

Risk Category

Excellent, Good, Fair, Poor, or Very Poor

Recommended Split

Suggested retainer/deferred percentage

Documentation

Audit trail for your client file

Make credit decisions with credit data

Reduce Bad Debt

Identify high-risk clients before you extend credit. Require appropriate retainers based on data, not guesswork.

Serve More Clients

Confidently offer payment terms to creditworthy clients you might have turned away with one-size-fits-all retainer requirements.

Document Your Decisions

Replace subjective judgment with objective data. Every evaluation creates documentation for your files.

Results in Seconds

Soft pull credit evaluation completes instantly. No waiting, no delay in your client intake process.

$9.4B
In legal fees go unpaid annually in the US
67%
Of firms report significant bad debt from deferred fees
0
Credit bureaus currently serving law firms directly

Try RetainerLogic with 5 free evaluations

No credit card. No commitment. Run actual client inquiries and see the data before you decide.

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