Tandem Law becomes latest casualty of Axiom Fund fiasco

Tandem Law, the Group Litigation Order specialist law firm based in the North of England, appears to be the latest casualty of the Axiom Legal Financing Fund fiasco.

The firm relied on Axiom to finance its cases, a source of funding which has dried up since Axiom was been placed into receivership following allegations of mismanagement and fraud.   As a consequence, Tandem has begun a redundancy consultation and has reportedly given almost the entire workforce “at risk” notices, although the firm’s managing director, Andrew Lindsay, hopes that the actual number of redundancies to be made will be only a small percentage.

Lindsay has been quoted as saying his firm will sue Axiom’s fund manager and its directors for withdrawing funding.