Top 100 firm Fladgate has created its own service dedicated solely to the recoveries for group claims. Walgate Litigation Management will have a particular focus on securities litigation and will manage all administrative activities that come with running a group action, from identification of actions through to settlement.
It will identify and assess whether potential securities actions are viable, provide support in making submissions to funders and after the event insurers, and build a book of institutional investors.
Fladate says it wants to relieve the administrative burden from fee earners during the course of claims. Former partner Steven Mash, whose experience is in representing claimants against large institutions, will be the new director and he will be joined by head of strategy Noah Wortman.
Mash said: ‘Walgate Litigation Management identifies and assesses opportunities in the group action space for Fladgate to pursue.
‘Once sustainable and meritorious claims have been identified, we then work with Fladgate to secure funding to bring the claim and build and manage the claimant book in securities actions, ensuring that the Fladgate team are freed up to focus on their priority, delivering first class legal services to their clients.’
The firm has now created three adjoining services under the Walgate brand: the other two offer a family office and debt solutions supplement. The idea is they offer non-legal professional services to support and complement the legal advice that Fladgate provides.
The firm has reported that revenue increased 17% to £88m in 2024/25 and profit per equity partner was more than £1m. Turnover from disputes work increased by 28%. Fladgate has a headcount of 370 based in central London.
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