JMW Lawyers in C4 Documentary

12/07/2012

A team from full service law firm JMW Solicitors LLP can be seen on Channel 4 in the documentary Bank of Dave.Bank_of_Dave.jpg

Led by Head of Corporate, Chris Moss the team from JMW advised self-made millionaire David Fishwick in his attempts to start a micro bank for the Burnley community, giving advice on the gruelling banking regulations. Their advice, which was provided on and off camera, was especially complex given the 180 day timescale of the project, and the breadth of regulations that a new financial business is subject to. Dave wanted to set up a bank to help make loans available to local businesses and individuals who were finding it hard to get a loan through the traditional banking route.

Chris Moss has experience of providing advice to the financial sector, and has had dealings with the credit union and co-operative movements and has recently advised on several peer to peer lending schemes similar to the Burnley Savings and Loans set up by Dave Fishwick. Peer to peer lending is proving a popular way for people to get a return on their savings whilst interest rates are low as well as being a way of helping the local community.

With interest growing in peer to peer lending we are holding a seminar looking at how to set up a peer to peer lending scheme at our office in mid-September. Chris Moss will be on hand with legal advice and David Fishwick from Bank of Dave will be speaking about his experience. To receive information on the planned seminar please email marketing@jmw.co.uk or telephone 0161 828 1981.

Commenting on peer to peer lending, JMW said:

“It has been wonderful working with Dave Fishwick on his “Bank of Dave” concept. It is inspirational to see someone who is so passionate about trying to change the status quo. Peer to peer lending could be a popular choice for savers who want to get a return on their investment as well as being a way to help their local community.

Banks should come in all shapes and sizes and bigger is not always better. The marketplace needs choice in order to cater for everyone. Regulation is an important part of the financial sector, but it should never block innovation and diversity.”

See how Dave and the team from JMW get on tonight, Thursday 12 July, on Channel 4 at 9pm.

Ends

For more information:

Samantha Meakin
0161 828 1981
07595 277 842
samantha.meakin@jmw.co.uk

Note to Editors
JMW Solicitors LLP is one of the leading Manchester law firms and offers a broad range of legal services to both commercial and private clients.  We are committed to providing legal services in a cost effective and timely manner.


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