Surrey practice Stevens & Bolton has become the first UK law firm associate member of the Association of Litigation Funders (ALF).
It joins nine funders, one overseas funder, two brokers and an individual academic member.
The ALF is dedicated to promoting best practice in the litigation funding industry and campaigning to improve the uses and applications of litigation funding – all third-party funders listed in the Litigation Futures Find a Funder database are required to declare whether or not they are members.
Michael Frisby, partner in the dispute resolution department of Stevens & Bolton, said: “Litigation funding is a crucial issue for clients involved in commercial disputes. Having already used funding offered by members of the ALF for some of our cases, we anticipate that the use of litigation funding will increase in the future – particularly following the implementation of the Jackson reforms in April 2013.
“This membership reinforces our expertise and offering in this area – which includes our innovative Risk Assist ATE insurance scheme – and we are delighted to support the association and proud to have become the first associate law firm member.”
ALF chairman Leslie Perrin said: “We are pleased to welcome Stevens & Bolton as an associate member of the ALF. As a highly experienced firm in the use of third-party funding, we are sure they can bring the benefit of that experience to bear for their clients.”
The funder members of the ALF are Argentum Litigation Services, Augusta Ventures, Burford, Calunius Capital, Harbour Litigation Funding, Redress Solutions, Therium, Vannin Capital and Woodsford Litigation Funding. The overseas funder associate member is Juridica Investments.
ClaimsTrading and TheJudge are the broker members, while solicitor Philip Ells, senior lecturer and course leader for the LLM in legal practice at the University of West London is the academic member.