Litigation finance specialists partner to provide funding and ATE cover
Apex Litigation Finance Limited today announces a partnership with Maxima Litigation Finance Limited to provide litigation funding to a scheme generating 200-plus cases per annum.
The partnership will see Apex provide litigation funding for the scheme from an unnamed third party, with Maxim arranging comprehensive ATE cover. Working together, the two firms have won the exclusive rights to provide these services to the scheme comprising commercial litigation cases in a specialised area.
This new scheme will also provide ‘spin-off’ litigation to which Apex and Maxima will have the first option on providing funding and ATE, respectively.
Speaking about this new deal Maurice Power, CEO of Apex, said: “We are extremely excited to have been chosen to provide litigation funding to this new scheme. The volume and size of cases are perfect for the Apex funding model and will make Apex one the highest volume providers of litigation funding solutions in the UK.”
Maxima who have brokered litigation funding and ATE since 2007 are also enthusiastic about the arrangement. Mark Andrews, co-founder of Maxima says: “Our client needed a litigation funding and ATE solution bespoke and built from the ground up, Apex offered that willingness and skill to work together to build a solution.”