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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.
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.
Leasing allows 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 easily be combined into a single transaction by First American.
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