Litigation and commercial law firm rradar and ELITE, London Stock Exchange Group’s (LSEG) international business support and capital raising platform for private high-growth companies, are collaborating on a business accelerator.
The 18-month programme, called ELITE rradar Lounge, will help selected companies prepare and structure for their next stages of growth. rradar will support the initiative through sharing professional legal and risk management advice, training, knowledge and support.
The collaboration was launched by Tom Tyler, global head of business development for ELITE, and Gary Gallen, chief executive officer of rradar, at an event at LSEG headquarters in London on 5 February.
In 2017, rradar became the first law firm globally to join LSEG’s platform, which combines education, business support, mentoring with access to expertise and funding. Its comprehensive programme focuses on founders and managers, stimulating organisational review and change to support companies’ growth ambitions.
The law firm graduated from ELITE in 2019 and their latest collaboration marks the first time the platform has partnered with an alumnus.
Commenting on the launch of ELITE rradar Lounge, Gallen said: “The collaboration with ELITE will enable rradar to share its knowledge and vision with other entrepreneurial organisations. This initiative with ELITE is an opportunity to bring our expertise to businesses, so they are prepared and structured in a way that mitigates their risk and paves the way for further growth.”
“We are pleased to work with ELITE, who are collaborating with an alumnus for the first time. We believe this really recognises the unique business model that rradar has built, the value our services can bring to clients and is a testament to the hard work that everyone at rradar has put in. This collaboration is recognition that we can add significant value to ELITE’s proposition.”
He continued: “This agreement further cements rradar’s mission, combining education, innovation and technology as key parts of our business and we welcome the opportunity to work with ELITE to extend their network and platform across the UK, as well as work with likeminded companies on their initiatives. The combination of our unique take on delivering smarter legal services and integrating technology into our solutions for our clients, with ELITE’s programme for growth, is a winning formula for businesses.”
Tyler said: “We are delighted to collaborate with rradar, the first such initiative with an alumnus of ELITE. rradar has been a member of the ELITE community since 2017, when it joined the platform, and graduated last year. This collaboration highlights the benefits of ELITE for ambitious high-growth companies and strengthens the ELITE ecosystem.”
“ELITE is focused on connecting ambitious private companies that are looking to scale up, structure for the next stages of growth and access capital. We believe that partnering with rradar leverages their extensive expertise and networks, is aligned to our vision and will bring significant value to our stakeholders.”
Yorkshire law firm rradar became a legal technology partner of Barclays Eagle Labs in January 2019.