Top 10 of 1,011 law firms for Credit Facility, Banking

Law firms ranked by client reviews

A credit facility covers the negotiation, documentation and ongoing management of a bank or lender's facility to a business, including term loans, revolving credit and overdraft arrangements. A solicitor in this area drafts and negotiates facility agreements, security packages (such as fixed and floating charges), intercreditor arrangements, and facility amendments, and ensures the client’s rights under covenants, events of default and margin calls are clearly protected. They advise on drawdowns, repayments, facility drawdown notices and enforcement steps when defaults occur.

What a solicitor handles in these matters

The mechanics of facilities—drawing limits, interest, margin, covenants and acceleration rights—are carefully structured to balance flexibility with risk control. A solicitor handles the drafting of facility terms, negotiates security, reviews guarantees, and coordinates with lenders, auditors and financial advisors to avoid inconsistencies that could trigger penalties or losses.

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