How Legal Technology Leasing Works – And What You Really Need to Know

Legal tech leasing can seem complex, but at its core, it's a practical solution that helps law firms stay competitive without the upfront costs of purchasing equipment outright. Whether you’re expanding your practice or replacing outdated devices, leasing provides flexibility, preserves capital, and enables your team to stay current with the latest technology.

What Is Legal Technology Leasing?

Legal tech leasing is a financing method that allows law firms to use the latest IT hardware, software, and even services—like document management systems or eDiscovery tools—by paying in manageable monthly installments instead of making large upfront purchases. You get access to critical technology while preserving cash flow and keeping operating budgets predictable.

Common Leasing Structures

There are a few common structures when it comes to leasing:

Fair Market Value (FMV) Lease: Often the most cost-effective in the short term, this structure allows you to use the equipment during the lease period and then return it, purchase it at its fair market value, or renew the lease at the end.
$1 Buyout Lease: This is closer to ownership. You pay higher monthly payments, but at the end of the term, you own the equipment outright for just $1.
Operating vs. Capital Lease: Operating leases are often used for short-term use or to keep the asset off the balance sheet, while capital leases may be better for firms looking for eventual ownership.

Vendor Flexibility

One major benefit of leasing through a company like CoreTech is vendor neutrality. You’re not tied to a single hardware or software provider. You can work with the vendors you trust—or take advantage of new ones—while CoreTech manages the leasing side. This flexibility allows your firm to get exactly what it needs without compromise.

Traps to Avoid

Not all leases are created equal. Watch out for hidden fees, rigid end-of-term conditions, or leases that lock you into outdated equipment. It’s important to read the fine print and work with a partner who understands the specific needs of law firms. A good leasing partner will also help ensure compliance with industry regulations and security standards.

How It Differs from Traditional Financing

Leasing isn't the same as taking out a loan. There’s no large down payment, and it typically doesn’t affect your firm’s lines of credit. Plus, it’s easier to upgrade or scale your tech as your firm grows—without restarting the financing process from scratch.

How CoreTech Leasing Helps

CoreTech Leasing specializes in technology financing solutions tailored specifically for the legal industry. We understand the nuances of law firm operations and offer leasing strategies that support everything from system-wide upgrades to specialized tech deployments—all without compromising cash flow or control.

Why Partner with CoreTech?

Customized leasing structures to fit your firm’s budget and growth trajectory
Vendor-neutral financing so you can choose the tools and providers that meet your exact needs
Deep legal industry expertise to help you avoid common leasing pitfalls and compliance issues
End-of-term flexibility for easy upgrades, returns, or purchases—on your terms
A collaborative, relationship-first approach focused on long-term success, not short-term transactions
Tailored solutions designed for law firms—not generic, one-size-fits-all programs

Legal technology leasing can be a smart, strategic move for law firms—if it’s done right. Whether you’re navigating your first lease or exploring better options for future projects, CoreTech helps simplify the process, reduce risk, and ensure your technology strategy stays as agile as your practice. To find out how CoreTech can help your firm customize a leasing solution that fits your workflow and budget, contact us at info@coretechleasing.com.