Legal banking specialists

I bank with Macquarie

Products

We specialise in medium to large multi-partner law firms and offer a range of lending and deposit taking products to help support your firm.

Banking services to support your day-to-day operating and investment needs.
 

  • Trust accounts
  • Investment accounts
  • Bank guarantees
  • Business Transaction account
  • Our business transaction accounts are typically offered to clients with full-service banking arrangements with Macquarie.

Ideal for working capital, succession planning, mergers and acquisitions, property purchases, refinancing and partner equity financing.

  • Fully drawn advance
  • Line of credit
  • Property-backed loan
  • Business overdraft
  • You are a multi-partner law firm and can demonstrate two or more years of consistent profitable trading and sustainable cash flow.

Software integration

Imagine what you could save with more hours in your day.

We’ve integrated with leading legal software providers to bring you a faster, more efficient way to manage billing, payments and reconciliation, while reducing risk for your firm.

Speak to one of our legal specialists to find out how our software integrations could help you focus less on administrative tasks and more on your clients.

Request a call

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Hear from our clients

When Glenn Hughes and partners Paul McCann and Andrew Sutherland decided to break away from their existing firm to establish Cornwalls Sydney, they needed to separate financially and make a clean start.

To do this with confidence, they looked for a financial partner that would recognise the partners' prior success, and one that shared the firm's core values.

Why bank with Macquarie?

A specialist dedicated to you

At Macquarie, you’ll have a dedicated relationship manager who specialises in the legal industry. They will get to know your business and can talk to you about basics like banking services, but also work with you on business opportunities such as succession planning and growth plans.

Industry knowledge at your fingertips

As competition in the legal sector intensifies, clients will continue to expect more, faster and for less. When you work with us, you’re working with a bank that understands and invests in legal industry benchmarking studies, market analysis and research to help you thrive in change. See our insights section below is learn more.

We connect you to opportunities – you take it from there

Building networks within your business community is crucial for success. That’s why we sponsor key industry conferences and bring people like you together through networking and round table events to talk about the things that matter most - issues facing your industry and strategies for the way forward.

Tools to thrive

As client expectations change, legal firms like yours are investing in technology as a tool to help drive resilience and enhance operational efficiency. However, 61% of legal firms indicate that their biggest barrier to adapting technology is lack of understanding. Your relationship manager can walk you through our transactional banking and integration services that could help your business run smarter.

Legal industry insights and helpful tips

Perspective 2018 - Business of the Future

Thriving in change

A new perspective on the law firm of the future:

  • Technological change is now business as usual
  • Business models have been democratised
  • Market barriers have dissolved
  • These forces impact business value

View report

How secure is your business online?

Every 39 seconds, a hack occurs – and SMEs are increasingly vulnerable. Macquarie’s recent Breakfast Briefing shared some important tips on building resilience to fraud.

2017 legal benchmarking

Benchmark your performance against an industry in transition. Our 2017 study covered 275 participants, providing a diverse cross-section of firms of every size in every state.

Legal business, done differently

A case study on Clarence, a shared workspace that provides specialist services to the legal industry, changing the way you provide services to your clients.

The true cost of debtor days

When you're running a successful legal practice, managing your firm's working capital cycle is critical. Keeping that cycle as short as possible means keeping a close eye on cash funds available, creditors and debtors.

Frequently Asked Questions

When you request a call, we’ll ask you a few quick questions so we can match you with the right industry specialist. They’ll get to know more about your business and your needs before taking you through a range of account, loan and payment solutions. You’ll then be able to compare your options and select the solution that’s right for you.

Switching banks can be a daunting task but we have a team dedicated to making it as simple as possible. They are experienced in transitioning businesses of all sizes and stages in their lifecycle, including clients with complex banking arrangements.

Every business is different, so we take the time to get to know your needs before developing a tailored solution. Rates and fees can vary based on how much you borrow, the type of security provided and the product you choose. Request a call to find out more.

Speak to an expert

1300 654 345

Monday - Friday, 8:30am - 6:30pm (Sydney time)