TLT named Best Law Firm at Car Finance Awards

TLT has been named Best Law Firm at the Car Finance Awards 2021 for the fourth year running.

The award recognises the team’s position, led by industry expert Russell Kelsall, as the ‘go to’ firm for motor finance providers. It also recognises the team’s full service offering together with its collaborative and inventive approach to solving current and future problems.

TLT’s end-to-end service includes advising on authorisations and permissions; interactions with the FCA and the Ombudsman Service; financial promotions; third party relationships (including dealer and broker terms and structures); compliance documentation; remediations (often involving significant sums of money) and disputes.

The firm’s recent work includes:

• advising motor finance providers threatened with group litigation involving thousands of claimants;
• advising (often to board level) on the strategy and approach for dealing with regulatory contentious issues that may have industry-wide application (including commission disclosure, responsible lending and conduct and compliance);
• lobbying the FCA and HM Treasury on consumer credit reform; and
• topical issues resulting from the pandemic ‚Äì like the effect of distance selling on customer journeys ‚Äì and sustainability ‚Äì including the financing of electric vehicles.

Russell Kelsall, partner and head of motor finance at TLT, says: “It is a real honour to be awarded Best Law Firm for the fourth year running. The pandemic has had a significant impact on the motor industry and we’ve worked collaboratively with clients and trade associations to support the industry and to help ensure a strong and resilient future. We’ve been very fortunate to be asked by so many of our clients to help them navigate through these difficult times.

“The industry continues to face a number of significant challenges and opportunities. We need legislative change to help: the system is complicated and difficult to navigate for both firms and consumers. There are many unanswered questions or difficult points to tackle, particularly when financing electric vehicles. But we continue to work hard for all of our clients to help them understand and prepare for what comes next.”