The law firm has a track record of acting for alternative finance providers and advises UK companies seeking to raise finance through progressive schemes such as corporate mini-bonds, listed bonds and crowdfunding.

Vic Jannels, CEO of the ASTL, said: “I’m happy to welcome Memery Crystal as the latest associate member of the ASTL. When it comes to associate members, we always try to introduce new businesses that can offer something different and interesting to our lender members, and this is certainly the case with Memery Crystal, which offers a fresh take on the legal services it provides to the short-term lending community.”

Daniel Tunkel, head of financial regulation at Memery Crystal, added: “We’re very pleased to be able to join the ASTL as an associate member. The firm’s practice has advised a substantial number of bridge and short-term lenders and finance arrangers, chiefly on how to operate outside the requirement for regulation.

“This is a sector whose efforts will be very much needed to inexpensively mobilise capital for rebuilding the UK economy after the Corona crisis, and we look forward to playing our part.”