UK law firm struggles without litigation funding

February 25, 2013 Northern England-based law firm Tandem Law is in trouble since its Cayman islands-based financial backers went in to receivership in December.

Tandem Law specialises in Group Litigation Orders - essentially class actions - and relied on funding by the Axiom Legal Financing Fund, which funds litigation and distributes a proportion of awarded damages to its investors. Tandem has had to stop work on a number of large cases due to the lack of funds.

Tandem’s managing director Andrew Lindsay says his firm will sue the fund manager and its directors, and has launched a firm-wide redundancy consultation.

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