Welsh firm Capital Law, announced yesterday that it had launched its very own disputes fund. It has raised £50m from investors so far.
According to the Senior Partner the reason for doing so was the bureaucracy around trying to convince funders what was a good case.
Is this the first of many? As the sector evolves will we be seeing more and more law firms offering ancillary services like funding, corporate finance or consultancy?
Senior Partner Chris Nott said “What drove us to do this was the difficulty of dealing with funders and underwriters. In the past we will look at a case, decide we’re prepared to take it on and then seem to have to do the whole process again with bankers. “It struck me as bonkers that we would know a case was a good one, but had to prove it to a list of funders and executives,”