London: Manolete Partners announced today that former Chief Bankruptcy Registrar, Dr Stephen Baister, would be joining their team as Senior Advisor.
Stephen, a former solicitor and licensed insolvency practitioner, is an honorary member of the Insolvency Lawyers Association and has been President of the Chartered Institute of Credit Management since 2010. He will take up his position formally with Manolete Partners in October.
Manolete specialises in insolvency litigation claims and is now the largest litigation funder by volume of single claim cases in Europe and North America. The business has been operating since 2008 and adopts a different approach by often buying whole claims, which are invariably settled quickly with sizeable returns to creditors.
Manolete has made 180 case investments, 135 of which have been completed in an average of just 10 months. The amount recovered for insolvent estates was over £30m. The first six months of 2017 saw Manolete complete 25 insolvency litigation claims: a rate of one completed case per week with 96% success rate.
Steven Cooklin, CEO of Manolete, said: “We are absolutely delighted Stephen is joining us. The market is really accelerating so we could not have wished for someone with more experience and knowledge of the sector. Stephen is highly respected across the board and he will be a huge asset to our operation. There is no doubting the significant benefits he will bring to our business.”
Stephen Baister said, “I am very much looking forward to my new role as Senior Advisor and working closely with the Steven and the rest of the Manolete team. I have great respect for the way Manolete can resolve cases quickly and so yield a fast and positive return to creditors. Manolete has taken insolvency litigation in a new direction. The figures demonstrate the wider possibilities this new model brings.”