The Audley Deal Room September 2024

Mass Consumer Claims

PCP Claims. 

Many are predicting this to be the new PPI. The Market is estimated to be up to £40 billion. The recent FOS/FCA declarations and the proposed cap on fees announced by the SRA will have a massive impact on timing and strategy. Several law firms are seeking funding, with varying operational strategies ranging from ‘build and hold’ to litigating ‘irresponsible lending’ claims. Full information is available for each firm/strategy.

Business Energy Claims. 

Claims against major international utility companies for secret commissions and inflated pricing. Several law firms are seeking funding to cover procurement and case management.

Financial Mis-Selling. 

Negligent pension transfer advice, secret commissions, and failed investment funds. Claims are generally submitted via regulatory portals, which the UK Government effectively underwrites. Claims up to £85,000 are submitted through the Financial Services Compensation Scheme (FSCS), some claims up to £350,000 can be submitted via the Financial Ombudsman Service (FOS), and claims of greater value to be litigated. Several law firms are seeking funding with differing routes to market and strategies for case settlement. We have a range of experienced clients with a good track record and steady deal flow.

St James Place (SJP) claims and similar organisations

Claims are where financial advisors, investment platforms, and wealth managers must have a client service agreement in place with every client. This has to outline minimum levels of service, including regular valuations and annual reviews, to analyse continued suitability and risk. If these services have not been provided, then fees have been taken erroneously and can be reclaimed. So far SJP have put aside £420m to cover liabilities, with other similar firms in similar positions re liability. We have several firms seeking funding for these claims, which generally do not require litigation.

Fraud, Crypto and Scam Claims.

Fraud and push payment specialist firm requiring £2-£3m investment in this fast-growing area of UK law. Claims are against high credit with financial institutions.

Housing Disrepair (HDR) Claims. 

Claims are generally brought against local authorities for failures in property maintenance and upkeep and have a timeline of 6-10 months from inception. These cases are almost always settled pre-trail, and several law firms seek funding to expand their client portfolios and/or refinance existing facilities.

Undisclosed Commission (UDC) Claims. 

Various claimants have claims for UDC on finance agreements, insurance products, etc. Target defendants are large financial institutions, and several law firms with various strategies seek investment on a drawdown basis.

Flight Delay Claims.

On a trajectory to become the largest flight claims company in Europe. Award-winning business that has reclaimed over £380 million to date with over a decade of claims and financial litigation management experience led by a strong management team. The UK’s only combined law practice and claims company has 350 personnel. Funding requirement £2m.

Diesel Emission Claims. 

Claims against all major car manufacturers. Similar legal action in the US has resulted in Mercedes-Benz paying out $700m (£508m) in a settlement with thousands of drivers. Over £100m has already been compensated for Diesel Emission Claims in the UK. Several law firms require significant funding, all experienced in this sector.

 Law Firm Refinance.

They are looking to raise £4.4m to refinance a book of 9,950 Mercedes Diesel Emission clients and potentially build PCP claims from this book, which will add significant additional value.

UK-Based Litigation Funding Platform. 

An industry-renowned litigation funding platform provides funders with cases that fit predefined criteria. This streamlined process provides fast access to capital for law firms and provides funders with pre-qualified cases with high probabilities of success. To further mitigate risk, lending is to claimants rather than law firms. The platform can demonstrate proven historical high-yield returns over 8 – 18 months.

Multi-disciplined 4-location Law Firm.

Law firm funding is required for expansion and disbursements. Highly profitable and self-funded to date. Established in 2012 with many acquisitions planned. Impressive track record and highly profitable. £1m funding requirement.

Military Deafness Claims. 

A highly experienced firm with an excellent record of over 800 successful settlements. Portfolio of 7500 current claims with a funding requirement of £3-£4m. Self-funded to date. It is an excellent investment opportunity.

Unauthorised Collective Investment Schemes. 

Requirement for portfolio funding for UCIS legal professional negligence claims. Demonstrable track record of success with many hundred successful claims. Funding requirement £5-£10m required.