Capital Law launches ground-breaking £50m litigation fund
Capital Law, the Cardiff-based commercial law firm and current Welsh Law Firm of the Year, has launched a UK-first £50m litigation fund that is set to shake-up the UK commercial market. Capital Law was inspired to launch the new £50m litigation fund following the successful conclusion of a 20 year litigation claim on behalf of an Employee Share Ownership Plan in January 2015.
The long-running claim was brought by Roadchef employees against their former CEO: at the time one of the UK’s wealthiest men. It shed light on the myriad obstacles that potential litigants with reasonable cases have to overcome under a current system that is biased towards the funder rather than the claimant.
The simple ground-breaking differentiator: the fund is secured and will be managed by Capital Law directly, rather than by a litigation financier beholden to other equity and asset management partners. And this will have numerous benefits for claimants:
– Faster: decision-making takes a matter of weeks
– Safer: Capital Law’s fund takes on the finance and the risk
– Easier: lower entry point
– Better: potential to revisit ‘written-off’ cases and, therefore, assets up to 12 years old
– Financially beneficial: increased potential % recovered damages
Christopher Nott, senior partner, said:
“Capital Law’s litigation fund has a simple premise: in realising that a claim can be an asset, businesses can now seek to recover that without taking on the finance and risk themselves. And, as it is controlled and managed by us, it ensures that all decisions are taken quickly and costs involved within a business’ litigation claim can be covered. Its structure and lower cost also enables Capital Law to fund smaller cases that may have been previously ignored, whilst also allowing it to fund larger litigation cases that may have been ‘written-off.”