Collaboration launched to offer expertise on how to grow a business
Litigation and commercial law firm, rradar has launched a collaboration dedicated to helping companies grow.
It has joined forces with ELITE, London Stock Exchange Group’s (LSEG) international business support and capital raising platform for private high-growth companies, to establish a scheme called “ELITE rradar Lounge”
The initiative will take advantage of rradar’s legal and risk management expertise.
Together, ELITE and rradar will work closely with selected companies in the UK as part of the 18-month programme to help them 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 with other like-minded companies and leaders.
The collaboration was launched by Tom Tyler, global head of business development, ELITE, and Gary Gallen, CEO of rradar at an event at London Stock Exchange Group headquarters in London.
In 2017, rradar was welcomed into LSEG’s ELITE platform. It was the first law firm globally to join ELITE, reflecting the magnitude of rradar’s growth from 2013 to 2017.
ELITE supports ambitious businesses, providing the tools, networks and access to finance to help them reach the next stage of growth. The platform 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.
rradar, which was launched in Hull in 2012 and now also has offices in Leeds, Birmingham and Glasgow, graduated from ELITE in 2019 and this collaboration marks the first time ELITE has partnered with an alumnus.
rradar CEO Gary Gallen said: “The collaboration with ELITE will enable rradar to share its knowledge and vision with other entrepreneurial organisations. This initiative 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 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.”
ELITE Global head of business development, Tom Tyler, said: “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.”
