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Former Boies Schiller Flexner Lawyers Launch Premier Litigation Boutique Roche Cyrulnik Freedman LLP

NEW YORK, Jan. 15, 2020 /PRNewswire/ — Kyle Roche, Jason Cyrulnik and Vel Freedman today announced the launch of a premier litigation boutique, Roche Cyrulnik Freedman LLP (RCF) (www.rcfllp.com). RCF’s 12 former Boies Schiller Flexner litigators, including two equity partners, represent the first breakaway firm from Boies Schiller Flexner LLP since that firm’s inception in 1997.

RCF opens its doors with 15 lawyers from top law firms that include Boies Schiller; Paul, Weiss; Robbins Geller; and another major, New York-based law firm. The RCF team brings a breadth of experience leading high-stakes litigation for both plaintiffs and defendants in class actions, securities litigation, and many other complex commercial disputes. The New York and Miami-based firm aims to disrupt the big-law model through its approach to clients, cases and its own lawyers.

“In today’s fast-paced and dynamic global environment, clients require innovative and tech-savvy legal counsel to help resolve high-stakes business disputes. We are building a unique, forward thinking firm that can keep pace with that change,” said Kyle Roche, one of the founding partners.

“Our firm combines high-stakes plaintiffs’ work with a strong base of bet-the-company defense work to help clients tackle a wide array of complex and challenging matters,” said Jason Cyrulnik, a former Boies Schiller equity partner and one of RCF’s founding partners.

RCF is handling cases in burgeoning areas of the law like cryptocurrency and cannabis litigation.  The firm is handling two of the largest cryptocurrency disputes ever brought pursuing both a multibillion-dollar dispute over stolen bitcoin in Florida and another multibillion-dollar class action against the companies and individuals accused of manipulating the price of Bitcoin.

RCF has already implemented innovative funding solutions, including flat-fee, success-based offerings, defense-side contingency matters, equity in start-ups, plaintiff-side contingency cases, litigation funding, and hybrid cases that are part hourly and part contingency.  RCF has strong relationships with litigation funders and leverages those relationships to help clients get the best results and to align incentives for clients and the firm.

RCF also has a strong commitment to transparency to its own lawyers. It has a developed a compensation model that downplays the value of equity in place of offering above-market rewards to lawyers at all seniority levels for their business generation, their litigation talent, and their commitment to achieving efficiency and results for the benefit of the firm’s clients.

Vel Freedman, also from Boies Schiller, and one of the firm’s co-chairs , added, “we attracted top talent by bringing in the type of cases lawyers aspire to handle, and will retain that talent and grow our practice by both fairly and transparently rewarding our lawyers and delivering real results to our clients.”

“We’re aiming for the best way to run a new law firm,” said Ted Normand, a former equity partner at Boies Schiller who will also serve as RCF’s other co-chair. “If you’re bright and entrepreneurial, Roche Cyrulnik Freedman is where you want to work.”

RCF launches with a hand-picked group of lawyers from Boies and other litigation firms, including:

RCF Partners

  • Jason Cyrulnik (Boies Schiller)
  • Joseph Delich (Paul Weiss)
  • Katherine Eskovitz (Boies Schiller)
  • Paul Fattaruso (Boies Schiller)
  • Vel Freedman (Boies Schiller)
  • Amos Friedland (Boies Schiller)
  • Nathan Holcomb (Boies Schiller)
  • Ted Normand (Boies Schiller)
  • Kyle Roche (Boies Schiller)

RCF Counsel

  • William Dzurilla (Boies Schiller)
  • Constantine Economides (Robbins Geller)

RCF Associates

  • Richard Cipolla
  • Stephen Lagos (Boies Schiller)
  • Alex Potter (Boies Schiller)
  • Stephanie Scutti (Boies Schiller)

RCF expects to continue its growth in 2020 by offering partner compensation that rewards significantly above market for business generation and provides above-market associate compensation, including participation in the firm’s exciting contingency upside. The firm also offers true flexibility for highly qualified lawyers who wish to maintain work-life balance.

The firm’s offices are located at: 99 Park Ave, New York, New York and 200 South Biscayne Boulevard, Suite 5500, Miami, Florida.

SOURCE Roche Cyrulnik Freedman LLP

Related Links

http://www.rcfllp.com

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Announcements Consumer

Golden Pear Upsizes Corporate Note to $78.7M Amid Growth Plans

By John Freund |

Golden Pear Funding has extended and upsized its investment-grade corporate note to $78.7 million, further bolstering the firm's capacity to serve the expanding litigation finance sector. The New York-based funder, a national leader in both pre-settlement and medical receivables financing, said the proceeds will support working capital and fuel strategic growth initiatives.

A press release from Golden Pear outlines how the capital raise reflects continued investor confidence in the firm’s business model. CEO Gary Amos noted that the infusion is critical as Golden Pear seeks to scale alongside the “rapidly expanding litigation finance market.” CFO Daniel Amsellem added that the new funding aligns with the company’s capital allocation strategy, aimed at optimizing operational efficiency and executing strategic projects.

Brean Capital, LLC acted as the exclusive financial advisor and sole placement agent on the transaction.

Founded in 2008, Golden Pear has funded more than $1.1 billion to over 87,000 clients and remains one of the largest specialty finance companies in the U.S. Its business model spans legal case funding and medical receivables purchasing, with backing from a network of private equity partners that provide institutional support for continued expansion.

Announcements Regulatory Issues

LionFish Updates Model Documents in Response to CJC Report

By John Freund |

LionFish Litigation Finance Ltd has released a new suite of model litigation funding documents, updating its original set from February 2021. The revision comes on the heels of the Civil Justice Council's (CJC) Final Report on Litigation Funding, issued on 2 June 2025, which calls for a regulatory structure informed by best practices, including key principles published by the European Law Institute (ELI) in October 2024.

A LionFish press release details that the updated suite incorporates several of the ELI Principles (notably 4-12) and broader CJC recommendations, except where doing so would require legislative or procedural reform. LionFish's goal, according to Managing Director Tets Ishikawa, is not to dictate market norms but to foster industry-wide standardisation and efficiency. This proactive move is also intended to spark further collaboration between funders, insurers, and legal practitioners to develop trade practices akin to those in mature financial markets, such as those promoted by the Loan Market Association and the International Swaps and Derivatives Association.

The new suite includes three core documents: a litigation funding agreement, a priorities deed to define proceeds distribution, and an assignment deed for insurance benefits. Notably, LionFish has also added documentation for co-investment arrangements, reflecting a growing trend in syndicated funding deals. The funder has already closed seven such transactions.

Managing Director Tanya Lansky emphasised that while litigation funding remains complex, making documentation public enhances transparency and facilitates quicker deal closings—an essential factor for sustaining market growth.

As litigation finance continues to mature, this move by LionFish highlights a shift toward professionalisation and standardisation. With regulators increasingly focused on transparency and fairness, such initiatives may set a de facto benchmark for others in the industry. The question remains: will other funders follow suit, or will regulatory mandates be needed to compel alignment?

Announcements Commercial Legal Innovation

Backlit Capital Solutions Launches Legal Finance Consultancy

By John Freund |

Backlit Capital Solutions has announced the launch of its full-service legal finance consultancy. The firm aims to provide comprehensive funding solutions for legal claims, offering services that include litigation finance, arbitration funding, and judgment enforcement strategies.

An article in PR Newswire states that Backlit Capital Solutions is positioning itself as a comprehensive provider in the legal finance sector, aiming to serve a diverse clientele that includes claimants, law firms, lenders, and investors. The firm's service offerings encompass litigation finance, arbitration funding, and judgment enforcement strategies, indicating a broad approach to legal funding solutions.

The launch of Backlit Capital Solutions reflects a growing trend in the legal finance industry, where firms are expanding their services to address the multifaceted needs of legal claimants and their representatives. By offering a suite of services under one roof, Backlit Capital Solutions aims to streamline the funding process and provide tailored solutions to its clients.

As the legal finance landscape continues to evolve, the entry of firms like Backlit Capital Solutions underscores the increasing demand for specialized financial services in the legal sector. Their comprehensive approach may set a new standard for how legal finance consultancies operate, potentially influencing the strategies of existing and emerging players in the market.