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DLA Piper Sets Up £150M Litigation Funding Arrangement for Clients
Two former DLA partners have set up a new fund, Aldersgate Funding, which will work with the firm and Litigation Capital Management via a new alliance.
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DLA Piper is offering clients access to a £150 million litigation funding pool through an agreement with a disputes financier and a newly-formed entity, in a move that marks the latest step in the U.K.’s fast-growing litigation finance industry.
The firm has formed a non-exclusive alliance with disputes financier Litigation Capital Management (LCM) and the newly-created Aldersgate Funding, led by two former DLA partners, to offer its clients financial backing for large-scale litigation and arbitration.
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Hannah Roberts
Hannah joined Legal Week in May 2018 after finishing her degree at Kingston University. Her areas of focus are corporate, M&A, private equity and restructuring at UK and City-based US law firms. [email protected]
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