Level, the independent lending boutique which specialises in family litigation finance, has appointed Neil Purslow as Non-Executive Director as it gears up for the next phase of growth. Launched in September 2017 and backed by investment firm Quilam Capital with additional backing from Shawbrook bank, Level has continued to enjoy success.
The funder now works with over 75 law firms and has provided in excess of £15,000,000 of legal fee facilities, helping their customers to reach fairer financial settlements. Level aims to create a level playing field in litigation by providing the financially weaker party with the means to appoint the most appropriate legal team, thus ensuring equality of arms.
Neil is a leading litigation funding expert and co-founder and Chief Investment Officer of Therium, a global provider of litigation finance and arbitration funding. He is also a board member of the Association of Litigation Funders, the self-regulatory body for the litigation funding industry in England and Wales, of which Therium is a founding member. He takes up the role as Level seeks to broaden its offering beyond family law and into new areas of funding.
George Williamson, co-founder and managing director of Level, comments: “It is a coup to have Neil on board as we enter our next phase of growth. His vast experience will help us develop and expand our offering and ensure we stay one step ahead of the competition.”
Commenting on his role, Neil Purslow said: “Level has made a real impact on the market. There is a huge opportunity for the business to continue to disrupt and apply its philosophy to new areas of funding.”
Level is committed to providing a fairer approach to litigation. Assets are often held in just one party’s name, creating an imbalance in the level of representation the parties can afford. Level ensures that their customers case won’t be hindered by lack of access to funds enabling a fair financial settlement to be negotiated on a Level playing field.
It provides a bespoke and personal service and as an independent boutique offers fast and flexible lending decisions at highly competitive rates. Lending decisions are usually made within two or three days, providing the applicant with swift access to capital.
It provides secured and unsecured lending depending on individual circumstances. Borrowers pay interest only on the amount they draw down from their flexible facility and the capital and interest are repayable after the conclusion of the case.
The firm has placed great emphasis on the service it provides thanks to its in-house legal and financial expertise which is designed to make the process hassle-free for solicitors and their clients. Level is already working with many of the UK’s top law firms as it tests and refines its proposition and has a significant pipeline of clients. Level’s fresh approach has been welcomed by the family law community and have been endorsed by many leading London lawyers.
“Level echoes the first class, bespoke service offered by the elite family firms. With a personal touch and excellent service, they understand the complexities of cases from only an initial call and give swift decisions, which delights practitioners and clients alike.” Rosie Schumm Partner at Forsters LLP
Commenting on the investment, Kieran McSweeney, co-founder of Quilam, said: “Level has proved to be a sound investment and one with ambitious growth plans. Key to this success is quality leadership and expertise and I am delighted that Neil is coming on board to support the team.”