In a sector where professionalism is non-negotiable, Fintechs like Neptune Networks Ltd. (Neptune) often find themselves at crossroads when it comes to legal advice. The pressing need was to find a legal partner who understood the unique structure and challenges of a scaling Fintech and could deliver top-notch services without exhausting operational budgets. This case study illustrates how Founders Law, led by Tom Bohills, provided Neptune with a tailored solution that met their demands for expertise and affordability.
Neptune’s initial challenge was twofold – operating on a sensible budget while ensuring that both they and their customers continue to receive high quality legal services.
Neptune aimed to significantly reduce the legal costs associated with its onboarding of clients without compromising on the quality it expects across its operations. The goal was to find a legal partner who could navigate the unique structural quirks of Neptune, a dealer-owned firm, and represent them efficiently in contract negotiations.
Founders Law with their extensive knowledge of the Fintech sector were well placed to assist – quickly understanding Neptune’s product suite and getting to know all the key stakeholders. Building close relationships with the management team and maintaining trust was key to ensuring that legal and the business remained joined up at all times.
The engagement led to a material cost reduction in the legal component of client acquisition for Neptune as well as ensuring tight turnaround times were met.
Neptune has gone on to recommend Founders Law to other Fintech firms, cementing the already close relationship between the businesses and opening avenues for future collaboration.
Tom Bohills, Founder and Principal of Founders Law mentioned “It has been fantastic working with Byron and the wider team as Neptune has gone from strength to strength both in the UK and in markets like the USA. We’ve loved really getting under the skin of the product and helping to streamline some of the contracts to minimise sales friction”.
Through understanding, adaptability and a client-focused approach, Founders Law has carved a niche for itself, proving that legal professionalism in the Fintech sector doesn’t have to come with a hefty price tag.