The UK litigation funding market has traditionally been very London-centric. However, a new funder aims to change this by providing services regionally targeted to the Midlands and the North. Thaxted Capital, owned by Jack Bradley-Seddon, is looking to fill this gap in the market by offering support for local cases of up to £1m. The new funder is backed by £25m from US private equity fund, Sandton Capital Partners, which will approve funding on a case-by-case basis.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The UK litigation funding market has traditionally been very London-centric. However, a new funder aims to change this by providing services regionally targeted to the Midlands and the North. Thaxted Capital, owned by Jack Bradley-Seddon, is looking to fill this gap in the market by offering support for local cases of up to £1m. The new funder is backed by £25m from US private equity fund, Sandton Capital Partners, which will approve funding on a case-by-case basis.
According to Legal Futures, Mr Bradley-Seddon wants to not only bring much-need services to these regions, but also take an approach that deals with clients in a direct manner. He stresses that their approach will focus on clear communication, and while he would not set a minimum case size, the average range is predicted to be around £500,000. Thaxted will also avoid charging clients based on a portion of damages, instead calculating charges based on capital deployed.
Thaxted Capital will also be supported by Justina Stewart, a commercial barrister from Outer Temple Chambers, in an advisory capacity.
