Richard Healey, partner and head of Gateley’s dispute resolution group, said:
“Our innovative and flexible approach to funding through this facility will result in a single no win, no fee agreement between us and the client. It’s a valuable product that offsets risk to fund litigation cases for clients.
“Given that litigation can be lengthy and uncertain, it was important that we select the right funding partner to make this a commercial success. We mounted a careful exercise and assessed a number of funders based on set criteria. Bench Walk more than impressed and we now look forward to working together to meet the needs of our growing client base.
“We see numerous examples these days of clients being reluctant to commence litigation for fear of throwing good money after bad and potentially being liable for opponents’ costs if the litigation is not successful. By offering this facility we are in a position to provide a solution to such concerns. We have for some considerable time been keen, where the circumstances are right, to move away from the traditional hourly rate model and to align a successful outcome for our clients, shareholders and our own business.”