Elliot has nearly 20 years of legal experience as a solicitor, most recently as a partner at Brown Rudnick’s capital markets group.
The new division will provide support, including litigation advice, to clients facing unusual business challenges and opportunities, uniting this with finance and business advice.
Charlie Methven, executive chairman of Dragon Associates, said: "In recent years we’ve found asset management clients have come to us with issues and opportunities that they want help solving and we have experienced real growth in this area. I’ve known Patrick for years as one of the leading lights of Mayfair’s legal scene. You couldn’t find anyone better to add significant weight, experience and knowledge to our offering in this area."
Elliot added: "For a number of years I have witnessed the growing importance of a communications strategy to my clients and the benefit they have derived from their legal and communications strategies working in tandem. The communications strategy has often enabled them to achieve goals beyond the reach of legal action alone. Dragon has recognised that bringing legal expertise in-house, alongside its financial and PR offering, can only benefit our clients. This is a really exciting opportunity to develop a valuable service for the financial services community."