The news last week that Welsh law firm, Capital Law, had launched its own litigation fund attracted many column inches.
Law firms will no doubt be envious of their enhanced profile as a result, wishing they could attract similar coverage. However, law firms should take note, Capital Law have created something genuinely innovative that no other law firm is doing.
In my experience, any law firm can say they're innovative but it's the ones that put their money where their mouths are and SHOW their innovation rather than simply TALK it that attract a strong profile and reputation.
Although innovation is slowly becoming more common in the legal sector, true innovation is still the preserve of the few with the likes of Riverview Law and Obelisk Legal Support leading the charge, joined now by Capital Law.
Welsh firm Capital Law has launched a £50m commercial litigation funding service, marking the first time a UK law firm has established its own disputes funding pot.