Twelve years of advising at the forefront of litigation financing now sees Addleshaw Goddard respond to an increasingly sophisticated litigation financing landscape, with the next generation approach helping clients, funders and law firms to deal with market demand for clarity, as well as an exponential rise in class action cases.
Addleshaw is building on its established 'Control' offering with the launch of a bespoke solution to litigation finance. This represents the most joined up litigation finance solution in the sector, adopting a 360-degree approach to parties contemplating, or advising on, litigation. The enhanced Control provides specialist independent advice to corporates, third party funders and other law firms on single case and portfolio funding arrangements, whilst continuing to support companies in disputes where Addleshaw Goddard is acting with innovative finance arrangements to allow them to protect their interests and free their balance sheets.
Addleshaw Goddard has worked hundreds of cases that have accessed litigation finance, supporting clients globally in Europe, Asia, India, North America and Africa. The new Control 360 solution allows the firm to support all parties with an interest in this important and growing market, utilising the full suite of options available - including not only Third Party Funding, but After the Event Insurance, Damage Based Agreements, and Conditional Fee Agreements. The team targets:
- Parties in a dispute who need help pursuing or defending a claim, whether that’s through arranging the funding, supporting on the dispute itself or both. In many cases this involves the sharing of risk.
- Those who need impartial advice on litigation finance options, a review of funding arrangements or guidance on where to start and the pitfalls to avoid.
- Funders on claims the are seeking to fund and best ways to structure a bespoke funding arrangement.
- Law firms who need expertise in navigating the different financing options available and advice on developing the right options to benefits their clients and business.
Control benefits parties by initially providing advice on the right financing solutions for them – whether on a single-case, portfolio or bespoke financing options, funding agreements and contingency fee arrangements. In addition, the team are able to advise companies and funders on which disputes to fight from a commercial and legal perspective.
Mark Molyneux, Head of Litigation, said: "As pioneers of litigation financing, we saw that the market needed a new, 360º, approach - advisors who can draw together their knowledge of litigation, finance and funding markets, commercial terms, professional practices and regulatory requirements on an international scale. Clients are looking to strengthen their balance sheets and find innovative ways to protect their positions. In addition, with the rise in group actions, which can see companies either bringing or defending major claims, the need for a dedicated team that offers a fully rounded approach, as Control does, is more important than ever."