This large team is led by partners Ian Weatherall and Greg Standing. It is dedicated to recoveries and finance litigation, so its 80 experts do not dilute their caseloads with other matters. They are exclusively and wholly involved in banking and finance dispute resolution, giving them vital market knowledge and the ability to provide a specialist service.
These experts know that recoveries and finance litigation demands a different approach depending on the type and size of the claims involved. So, the team includes experts advising on complex Court of Appeal cases, working with counsel to push back legal boundaries. For other clients, it uses technology to process volume claims and deliver its expertise in the most cost effective way.
The team applies creative solutions to deliver the right result for clients. Experience includes combining the interests of seven finance companies and the Serious Organised Crime Agency, involving collaboration under the Proceeds of Crime Act.
The team understands that getting to know how the client works and how it wants to interact with its lawyers is essential. The team helped one client work through about 2,500 claims, dealing with around 40 cases a day. Understanding that the client needed to know what was going on with each case, it provided daily reports direct to the board.
Areas of expertise include contested security enforcement, recovery of assets, unsecured and guarantee claims, receivables finance, fraud claims, professional negligence, credit cards, injunctions, volume mortgage repossessions and debt recovery.
The law in this sector is constantly shifting through legislative changes like the Consumer Credit Act or as a result of judgments. Regular legal updates alerting contacts to what's new and could impact their businesses keep clients up to date with analysis of the issues and any practical steps needed.