myBarrister - Augusta Ventures

Press Release

20 October 2014

myBarrister signs exclusive partnership with Augusta Ventures to provide its direct access barristers with Augusta’s unique claimant financing product.

Barristers who have signed up to the UK’s leading direct access online portal myBarrister will be able to receive upfront part-payment of their fees in cases supported by litigation financing managed by hedge fund Augusta under an exclusive partnership signed today between myBarrister and Augusta Ventures.

myBarrister, which was set up in 2013, enables individuals and businesses seeking legal services to search for barristers directly online offering expertise in some 50 legal specialisations.

Augusta Ventures manages the TRINITY legal financing product, which provides a claimant with finance to pay the legal costs of their claim in return for a pre-agreed share of any damages awarded. Once Augusta Ventures has agreed to take on a case, the barrister is entitled to draw down up to 50 per cent of his or her fees and disbursements. Should the case be unsuccessful, the claimant’s, adverse cost exposure is covered under an insurance policy.

Ronald DeKoven, founder and CEO of myBarrister, said: “We are delighted to form a partnership with Augusta Ventures, which will alleviate the financial stress of people needing to litigate, as well as providing myBarrister partner barristers with the benefit that a significant portion of their fees will be underwritten from the moment they commence the case.”

He added: “myBarrister is facilitating the growing need for individuals and businesses to obtain quick, expert and cost-effective legal advice from the lawyers who do that best: barristers. With the financing now made available from Augusta Ventures, myBarrister is not only providing claimants access to some of the best legal minds in the market, but we are also enabling them to litigate where costs may be an issue”.

More information:

For interviews, please contact:

Plamena Metodieva

T: 0207 831 9521

Notes for Editors:

Ronald DeKoven was called to the bar of Illinois and New York in 1968 and 1980, respectively. In 1980 he became a partner of Shearman & Sterling, New York. He ran several of the firm’s practices, including insolvency and leasing. After moving to London in 2003, Mr DeKoven became an associate member of South Square Chambers, and was permitted by the Bar Council to practise New York and U.S. federal law in chambers.

In 2008 Mr DeKoven applied to the Bar Council for a waiver of examination and pupillage as a condition of becoming a barrister.

The waiver was granted in full. Mr DeKoven was called to the Bar of England and Wales by Lincoln’s Inn in March 2009. Although he

continues his association with South Square, Mr DeKoven has created his own chambers at 8 Stone Buildings, Lincoln’s Inn, where he continues his practise as a New York lawyer and English barrister involved in dispute resolution in large, complex cross-border transactions.

Augusta was founded by a team of expert litigation and finance practitioners. Augusta offers commercial dispute financing through its market-leading product TRINITY, and works with a select number of specialist, accredited law firms throughout the United Kingdom.

The key benefits of Augusta’s TRINITY are:

  • Quick finance approval

  • High rate of individual case approval

  • Flexibility on case sizes - small, medium and large

  • Low-cost insurance for adverse costs

  • Economic certainty - we provide our funds up front

  • Equitable sharing of risk / reward between all partiesFor further information please visit or contact Louis Young on 07775 094 173