Alongside new regional funders starting up in the UK, some fintech companies are looking to strengthen their position by spinning off their litigation funding divisions into separate entities. Most recently, ME Group has spun out its funding operation, ME Litigation Funding, which is now owned by CC Capital.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Alongside new regional funders starting up in the UK, some fintech companies are looking to strengthen their position by spinning off their litigation funding divisions into separate entities. Most recently, ME Group has spun out its funding operation, ME Litigation Funding, which is now owned by CC Capital.
Speaking with The Business Desk, CEO of ME Group, Rob Cooper, stated that this restructuring will allow the funder to more effectively meet the demands of its clients. The regional litigation funding company relies on proprietary technology to provide investors analysis which helps them select the most valuable funding opportunities on a foundation of curated data.
ME Litigation Funding is based in Cheadle, and is one of a growing number of funding and legal tech firms that are attempting to meet the growing regional demand of clients seeking financing outside of London.
