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Debenhams Ottaway LLP, have launched an invitation to tender for its litigation funding panel. The firm’s clients include high net worth individuals, entrepreneurs, fast growing SMEs, large corporations and insolvency practitioners.

The funding panel comprises of three lots. The first is for claims up to £1,000,000 in value. The second is for claims greater than £1,000,000 up to £5,000,000 in value and the third is for claims over £5,000,000 in value. The objective of the funding panel is to cut out the middle man in the litigation funding process and to pass on the savings in the costs of litigation funding to clients. The firm also hopes to simplify the funding process and, through building relations with the funder, unlock greater value for clients using litigation funding generally.

The responses from interested parties are due by 28 February 2018 and the firm plans to announce the new panel by 28 March 2018. Interested parties should contact Luke Harrison, Lead Commercial and Insolvency Litigation Partner, via email to lth@debenhamsottaway.co.uk.

Commenting on the forthcoming panel, Luke Harrison said:
“With a litigation disputes team made up of many ex City and London lawyers, we are well placed to advise on claims in a proportionate manner, as our costs are often significantly less than those of London based firms. This makes it possible to unlock litigation funding for cases which might otherwise not be fundable because of the economics of the claim. Through our own litigation funding panel we aim to drive value in the litigation funding process for our clients by building productive and long-term relationships with funders, cutting out an unnecessary layer of broker costs and streamlining the funding process.”

For further information about the tender please contact Luke Harrison, lead partner in the litigation and dispute resolution team.

T: 01727 735639

About Debenhams Ottaway
Debenhams Ottaway is a multi-service, innovative law firm based in Hertfordshire, known for delivering clients outstanding service and our award winning legal advice. We are proud of our past, progressive in our outlook and unrelenting in our dedication to growth through doing more for our people, our personal and business clients and our communities.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.