Gately, the first law firm to list publicly in the UK, recently announced a GBP 20 million litigation funding arm. Expected to begin in early 2022, the funding arm will specialize in claims related to insolvency, investor and shareholder disputes, fraud, and asset protection and recovery.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Gately, the first law firm to list publicly in the UK, recently announced a GBP 20 million litigation funding arm. Expected to begin in early 2022, the funding arm will specialize in claims related to insolvency, investor and shareholder disputes, fraud, and asset protection and recovery.
Gately PLC has been a dominant force in insolvency litigation. It makes sense that their litigation funding facility will have a similar focus. Gately services domestic and international clients in a wide swath of jurisdictions including Russia and CIS, Gibraltar, Cyprus, BVI, and the Cayman Islands, among others.
The firm’s funding process will begin with a review of the case to determine its viability for funding. By providing non-recourse funding, Gately will enable companies to pursue meritorious litigation with no upfront cost to the company. Funders are paid from the results of a successful verdict or settlement. If the case is unsuccessful, funders may lose their investment, but the business does not suffer the loss.
