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Quilam Capital backs new divorce litigation lending boutique

Level, a new independent lending boutique, backed by Quilam Capital, is aiming to bring a fresh approach to family litigation finance. 

The firm provides funding to cover the legal costs of individuals going through divorce. 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 the individual’s case won’t be hindered by lack of access to funds and a financial settlement can be reached.
 
Founded by George Williamson, a former wealth manager and specialist in financial planning for divorcees and Katie Alexiou, a family solicitor, Level 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 24-48 hours – providing swift access to capital.
 
It provides fully secured or unsecured lending depending on individual circumstances.  Borrowers only pay interest on the amount they draw down, and the capital and interest only become repayable after the conclusion of the case.
 
George Williamson, co-founder and managing director of Level, says: “The divorce litigation funding market is highly specialist but also one which traditionally has been expensive and lacking in transparency.  We saw the opportunity to disrupt and improve the sector by introducing greater flexibility, fairer pricing and a much more streamlined process.”
 
The firm has placed great emphasis on the service it provides thanks to its in-house family law 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 family 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. 
 
Rosie Schumm, Partner at Forsters LLP, says: “This forward-thinking litigation funder is already distinguishing itself from others. 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.”
 
Level is backed by Quilam Capital which specialises in investing and lending to companies in the speciality finance sector – this includes businesses in the consumer and SME finance, leasing and mortgage markets.
 
Commenting on the investment, Kieran McSweeney, co-founder of Quilam, says: “We definitely see the divorce litigation funding sector as one which is ripe for a new approach and business model.  Level is offering competitive rates, can move swiftly, has an extremely strong network across the family law community and has market-leading expertise in its founders.  This is an exciting investment for us.”

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