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Specialized Leasing Options - Legal
First American understands that law firms have unique equipment and leasing needs.  We structure leases that allow your firm to maximize partner distributions, better manage partner equity and cash flow, and take advantage of certain tax and accounting benefits.

Expand Your Options
Leasing allows law firms to finance equipment and services from multiple suppliers in one efficient transaction.  Leases also provide flexibility at the end of the lease term, and allow you to easily make upgrades, additions, and modifications to the leased equipment, or simply return it.

First American can even facilitate upgrade programs to keep your firm on the leading edge of technology. Leasing is the ideal way to protect against technology obsolescence. 

Why Leasing is Often Your Best Choice
Leasing allow you to lock in your rate (eliminating the risk of rising market rates) and provides a more equitable means to distribute equipment expenses among firm partners throughout the useful life of the equipment.  A lease line can be established that is separate from your firm’s cash management facilities, and has little or no impact on the balance sheet or existing debt covenants.  Large projects involving multiple suppliers and long installation periods can be easily combined into a single transaction by First American.
No Fees

First American provides straightforward, efficient leasing solutions.  With timely rental payments, you’ll never pay fees again.  No exceptions.

  • No application fees
  • No documentation fees
  • No UCC filing fees
  • No origination fees
  • No restocking fees
  • No multiple location fees
  • No legal review fees
  • No credit underwriting fees

Contact your Commercial Account Officer to learn about other ways First American can help you spend less time obtaining financing, and more time running your business.

 
Convenience

We understand how busy you are, so we have streamlined the paperwork process.  In the 1990s, First American pioneered the Simplified Paperwork Package™ and Rapid Turnaround Process™.  Today, we continue to lead the industry with the development of electronic lease documentation and billing, and online asset management resources to give you 24 x 7 access to important account information through our Customer Connect™ Web link.  If there is a way to make things easier for you, First American will do it.

 Types of Assets Financed:

Computer hardware and software
Custom software packages
Data storage systems
Telecommunications equipment
Document imaging and archival systems
Audio and videoconferencing systems

More…

Hear From Our Customers

“First American always provides competitive pricing. They have a clear understanding of the legal industry and our firm’s needs. Flexibility, responsiveness, and relationships are what First American is all about.”

Joseph Migliore
Chief Financial Officer
Bowditch & Dewey LLP
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and American Bankers Association.