The combined claim value of business litigation cases handled by Provenio Litigation LLP has hit £1 billion.
Under the guidance of Mark Goodwin, formerly head of the litigation and regulatory team at DLA Piper’s Liverpool office and part of the UK management team of the litigation and regulatory group for 17 years, the award-winning boutique is this year celebrating its fifth anniversary.
Since its launch in 2019, Provenio has attracted high value national and international instructions, expanded into new areas of litigation, grown the business through a ground-breaking £50 million litigation funding agreement, launched a new insolvency litigation and financing solution - Optimise Limited, and invested in the future of the firm through a graduate solicitor apprenticeship programme.
Talking about the firm’s progress, founder and managing partner, Mark Goodwin said:
“When we launched Provenio, our vision was to create the premier business litigation firm outside London, using a team that all formerly worked together at DLA Piper in Liverpool.
“The Covid pandemic slowed our initial progress but to attract business litigation instructions with a combined value of £1 billion shows how far we have come over the last five years.”
Continued Mark: “Our model, operating as a boutique, is without the conflict issues experienced by the larger, full-service firms. We are currently instructed on cases in the UK, Middle East, US and across Europe and South America.
“Crucially we have successfully implemented our growth strategy by attracting high value instructions, breaking into new areas of work and growing the business with a number of our high value cases being supported by the leading litigation funders.”
In terms of expansion, Provenio has recognised and rewarded its home-grown talent. Hannah Catterall and Emma Charnock have both been promoted to partners at the firm while Provenio has strengthened its international practice through the appointment of Daniel Jude who was formerly a partner in DLA Piper’s Dubai Litigation and Arbitration Group.
In other key developments, January 2024 saw the launch of Provenio’s new insolvency litigation financing solution - Optimise - to support insolvency practitioners in pursuing claims against directors and third parties and maximise returns to creditors. Optimise is being utilised for a wide range of insolvency litigation related claims including overdrawn directors’ loan accounts, breach of contract, breach of duty, transactions at undervalue, preferences, unlawful dividends, wrongful trading and claims against third parties.
Looking to the future, the firm has launched its graduate solicitor apprenticeship programme, welcoming 4 trainees to the business over the last 2 years, supporting the growth of the business and investing in the future through attracting and developing exceptional talent combined with effective training and supervision.
Provenio has also attracted external recognition through a range of industry awards and rankings. In ranking Provenio in Tier 1 for the fourth year in succession, The Legal 500 said the firm was “an exceptional, client-focused litigation boutique that is the stand out operator in the North West but with a national presence too”.
Describing Provenio Litigation LLP as “modern and forward thinking” The Legal 500 added that “the team is partner led so clients benefit from senior involvement throughout a case”.
In the individual rankings, Mark Goodwin took his annual place in The Legal 500’s Hall of Fame, while Hannah Catterall and Emma Charnock were both named as Next Generation Partners.
Looking to the future, Mark Goodwin said: “Our aim is to strengthen our position as the premier business litigation firm outside London while continuing to develop our profile in the London market and international profile.
“We have made giant strides over the last 5 years and looking forward to continuing to develop the Provenio business.”