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Community Spotlights

Community Spotlight: Dane Lund, Managing Director, Juris Capital

By John Freund and 4 others |

Dane Lund has built a career at the intersection of law and finance, bringing a distinctive blend of legal acumen and financial expertise to the evolving world of litigation funding. He began his professional journey after graduating from Harvard Law School as a litigation associate at Willkie Farr & Gallagher in 2012, where he gained firsthand experience navigating complex commercial disputes and understanding the strategic nuances that drive legal outcomes.

Eager to broaden his perspective, Dane transitioned into investment banking, joining the Financial Sponsors Group at Barclays. There, he developed a rigorous foundation in evaluating risk, structuring deals, and analyzing the dynamics of capital markets—skills that would later prove invaluable in the realm of legal finance.

Following his time at Barclays, Dane pursued investment roles focused on equities, private debt, and legal finance, deepening his expertise across both traditional and alternative asset classes. This diverse background positioned him perfectly for the litigation finance space, where legal strategy and capital management intersect. In 2024, he joined Juris Capital as Managing Director, where he helps shape the firm’s approach to funding commercial litigation.

At the core of Dane’s investment philosophy is a simple yet powerful belief: “Patient capital wins.”

For Dane, this isn’t just a tagline—it’s the guiding principle. Litigation is inherently unpredictable, often requiring strategic persistence and disciplined, long-term thinking to achieve the best outcomes. In an industry where quick returns are rare, Dane emphasizes that success comes from having the foresight to invest thoughtfully and the patience to see cases through to their full potential.

“We’re experiencing a sea change in how law is practiced,” says Dane. “Legal finance isn’t just a funding mechanism—it’s a catalyst for innovation within the legal sector.”

Company Name and Description: Juris Capital provides funding for commercial litigation claims. The firm collaborates with businesses and law firms to support the financial aspects of pursuing complex legal matters. Dane notes that Juris’s approach is shaped by its understanding of legal processes and the financial considerations involved in managing long-term investments. Its focus spans a variety of case types, including breach of contract disputes, corporate governance issues, and antitrust matters.

Website: https://www.juriscapitalcorp.com/

Founded: 2009

Headquarters: Chicago

Member Quote: “Legal finance is expanding beyond traditional litigation into areas like legal tech, contingent risk management, and law firm operations. It’s not just about funding cases anymore—it’s about unlocking value in legal assets that were previously considered illiquid or inaccessible. That’s where the future lies.”

Upcoming

Spotlight on AI and Technology

Mark your calendars for February 27th at 12PM EST and join LFJ for our next Virtual Town Hall where we will explore the current state of AI and legal technology, and the sector’s impact on the future of litigation funding Our panel of industry experts will discuss:
  • What types of legal technology are being adopted? What are the risks and benefits to such adoption?
  • How are litigation funders using AI in case origination and underwriting?
  • To what extent is Ai supporting vs. replacing human workers?
  • What are the current implementation challenges, and how are these being addressed?
  • Plus much more!
Commercial Regulatory Issues

Burford CEO Condemns UK Government’s ‘Failure to Act’ on PACCAR

By Harry Moran and 4 others |

As LFJ reported last week, the Court of Appeal has decided to hear arguments over the validity of litigation funding agreements that use a multiple of the sum invested. As we suggested, this decision has emboldened funders who are dismayed at the government’s delays in enacting a legislative fix for PACCAR.

In a piece for the Financial Times, Christopher Bogart, co-founder and chief executive of Burford Capital, takes aim at the UK government’s “failure to act” in providing a solution for the litigation funding industry following the Supreme Court’s PACCAR ruling. Bogart argues that whilst the Prime Minister has repeatedly spoken about the need for the country to attract investment, the delay in acting on this issue “threatens to create an environment in which businesses and their money leave the UK to the detriment of the economy and workforce.”

In what is perhaps the most startling admission, and a thinly veiled challenge to the government, Bogart states that Burford “is reconsidering whether London is a preferred dispute resolution centre.” Whilst this appears to be a warning of what could occur, Bogart reports that “the lingering uncertainty and the government’s silence has caused the company to begin migrating some dispute resolution activity away from London.”

In his explanation of the challenges the UK funding market faces, Bogart highlights the industry trends post-PACCAR and points out that there has been a 75 per cent decrease in funding activity in the UK since the Supreme Court’s ruling. Burford’s CEO also points to the 23 per cent drop in group claims in 2024, which he attributes to the “uncertainty in the market.”

Without naming the specific cases, Bogart appears to reference the recent move by “opportunistic defendants” to challenge certain litigation funding agreements in class actions. Urging the government to provide a legislative solution sooner rather than later, Bogart argues that the alternative is a situation where the UK will face growing competition from abroad as “funders will look elsewhere to less risky options.”

Commercial Regulatory Issues

Indian Government Minister: No Plans for Regulation of Litigation Funding

By Harry Moran and 4 others |

Outside of the prime litigation funding markets of the US, UK and Australia, developments from burgeoning markets are often few and far between. However, a new ministerial statement from the Indian government suggests that India has the potential to be a significant growth market for legal funding.

An article in Bar and Bench provides a useful insight into the litigation funding landscape in India, as it highlights a recent statement by a government minister that indicates there are currently no plans to implement new regulations governing third-party funding. 

Arjun Ram Meghwal, Minister of State of the Ministry of Law & Justice, was responding to a parliamentary question about the issue of legal funding and said:

“At present, there is no proposal under consideration of the Government for establishment of a legal and regulatory framework to facilitate Third Party Funding of litigation in the country and further, no examination of the potential of Third Party Litigation Funding as a means to address high litigation costs and pendency of cases has been carried out by the Government.”

As the Bar and Bench article notes, this is yet another encouraging sign for the Indian litigation funding industry which has been growing since a 2018 Supreme Court decision recognised the validity of third-party litigation funding. 

Case Developments Commercial

Omni Bridgeway Funding New Zealand Class Action Against Johnson & Johnson

By Harry Moran and 4 others |

For consumers who were unwittingly deceived by falsely advertised products, a well-funded class action remains one of the few options available for these individuals to seek justice and compensation.

Reporting by The Post covers a new class action filed in the High Court of New Zealand, which is being brought against Johnson & Johnson over the alleged sale of ineffective cold and flu medications. The lawsuit alleges that Johnson & Johnson manufactured cold and flu products containing Penylephrine, which some medical studies have found is not an effective oral treatment for nasal congestion. Eligibility for the class action includes consumers in New Zealand who purchased one of the 17 identified Codral, Sudafed or Benadryl branded products between 2005 and 2025.

The class action has been brought by Australian law firm JGA Saddler, with litigation funding provided by Omni Bridgeway. This is the second such lawsuit brought against Johnson & Johnson by this team, with JGA and Omni having worked together to bring a similar class action against the pharmaceutical giant in 2024.

Rebecca Jancauskas, director at JGA Saddler, argues that “Johnson & Johnson has misled the public and they need to be held accountable for their actions.” Furthermore, Jancauskas suggests that there may be a larger pool of affected customers in New Zealand than Australia, explaining that between 2011 and 2024 “there was no other alternative for consumers in New Zealand suffering from sinus symptoms or allergy symptoms or cold and flu symptoms.”

Additional information on the class action can be found on Omni Bridgeway’s website.

Announcements Commercial People Moves

Victory Park Capital Expands Legal Credit Team, Welcomes Hugo Lestiboudois as Principal

By Harry Moran and 4 others |

Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Hugo Lestiboudois has joined the firm as Principal. Mr. Lestiboudois, who brings over 10 years of experience in developing and operating legal finance strategies, will work alongside Richard Levy, VPC CEO, CIO & Founder, and Chad Clamage, Managing Director, to advance the firm’s legal credit strategy.

“We welcome Hugo to the firm with great excitement,” said Levy. “I am confident that his experience will help us unlock further momentum in the rapidly expanding market for legal investing and address the growing demand for innovative funding solutions.”

VPC’s legal credit team, comprised of veteran litigators, legal finance investors, and seasoned private credit professionals, takes an asset-backed lending approach to the legal asset class, emphasizing downside protection and current income streams. With its deep expertise and extensive industry relationships, VPC is well-positioned to capitalize on market inefficiencies and pursue opportunities across the full spectrum of legal asset types and structures.

“I am thrilled to join the VPC team and help further scale the legal credit strategy,” Lestiboudois said. “With a highly diversified portfolio of asset-backed legal assets and robust risk management controls, VPC’s disciplined and innovative approach creates resilience against market volatility and enables us to excel in the legal credit market.”

Previously, Mr. Lestiboudois was a principal at Syz Capital where he oversaw the firm’s legal finance strategies. Prior to that, Mr. Lestiboudois led the Illiquid Investments Desk at IVO Capital Partners where he focused on European distressed and structured credit transactions. Earlier in his career, Mr. Lestiboudois focused on asset-backed financing in his role at AgFe and held analyst positions at Capital Management and BlackRock.

About Victory Park Capital

Victory Park Capital Advisors, LLC (“VPC” or the “Firm”) is a global alternative asset manager that specializes in private asset-backed credit. In addition, the Firm offers comprehensive structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets. The Firm was founded in 2007 and is headquartered in Chicago. In 2024, VPC became a majority-owned affiliate of Janus Henderson Group. The Firm leverages the broader resources of Janus Henderson’s 2,000+ employees across offices in 24 cities worldwide. VPC is a Registered Investment Advisor with the SEC. For more information, please visit www.victoryparkcapital.com.

Community Spotlights

Community Spotlight: Burke McDavid, Co-Chair of the Investment Management & Private Funds Industry Group, Winstead PC

By John Freund and 4 others |

Burke McDavid is a seasoned attorney with a comprehensive understanding of investment management, compliance and corporate law. With more than two decades of experience, he brings a wealth of experience in both private practice as well as overseeing legal and compliance matters as General Counsel and Chief Compliance Officer for a registered investment adviser managing funds focused on litigation funding.

Company Name and Description: Winstead is a leading Texas-based law firm with national practices serving clients across the country. We focus on exceeding our clients’ expectations by providing innovative solutions to their business and legal opportunities and challenges. We work as a trusted counsel to public and private companies, governments, individuals, universities, and public institutions.

Our business, transactions, and litigation practices serve key industries, including real estate, financial services, investment management and private funds, higher education and P3, airlines, healthcare and life sciences, sports business, and wealth management.

Company Website:  Winstead.com

Founded: 1973

Headquarters: Dallas, Texas

Areas of Focus: Investment Management and Private Funds

Member Quote: “Having assisted with the launch and operations of a litigation funding focused manager in 2013, and later having served as general counsel and chief compliance officer for that manager, I've seen the growth of the industry and enjoyed assisting with the unique challenges that funders and funding recipients face in structuring and working through funding relationships."

Community Spotlights

Community Spotlight: Patrick Yoder, CEO, Osage Capital

By John Freund and 4 others |

Osage Capital was founded by Patrick Yoder, an entrepreneur with over 20 years of experience at the intersection of healthcare and legal services. Patrick has led startups and publicly traded companies in both industries, including being the Chief Revenue Officer of one of the largest publicly traded Healthcare Management Companies in Texas and most recently, the President and Owner of Lone Star Attorney Service. Driven by a commitment to continuous improvement, Patrick established Osage Capital to address a critical need in personal injury cases: ensuring that victims receive timely access to healthcare while maintaining the strength of their legal claims.

Company Name and Description: At Osage Capital, our mission is to accelerate cash flow and growth for legal and medical professionals, providing the financial resources necessary to focus on achieving justice and favorable settlements. Our tailored solutions, including medical funding and pre-litigation financing, enable attorneys and healthcare providers to optimize their services for better outcomes.

By accelerating cash flow, Osage Capital ensures that clients can focus on their recovery without financial pressure, attorneys can concentrate on their legal strategy, free from concerns about case expenses, and healthcare providers receive prompt compensation, allowing them to maintain their cash flow and continue offering high-quality care without waiting for settlements to be finalized.

Company Website:  www.osagecapital.com

Founded:  2024

Headquarters: Houston, TX

Areas of Focus: Pre Litigation Finance and Medical Funding

Member Quote: “Our goal is to ensure that every party involved in a personal injury case is empowered to focus on their strengths. We streamline the financial aspect so that clients can heal, attorneys can pursue justice, and healthcare providers can deliver the care that’s needed—without delays."

Announcements Consumer

Legal-Bay Pre-Settlement Funding Announces Additional Capital for Wrongful Termination Cases Due to Sexual Harassment and Sexual Abuse

Legal-Bay LLC, The Lawsuit Settlement Funding Company, reports today that they have set aside a large portion of their pre-settlement cash advance funding capital specifically for plaintiffs of sexual harassment cases. Legal-Bay has vast experience with unlawful termination and wrongful unemployment lawsuits related to sexual harassment and retaliation, as well as racial, gender, or age-related discrimination, whether in the office or elsewhere. Based on recent court case filings, the premier funding firm anticipates even more wrongful termination lawsuit filings to come.

Legal-Bay delivers financial assistance to people who've recently found themselves unlawfully unemployed, providing cash advances to plaintiffs while their cases are tied up in litigation. Sadly, sexual harassment is all too common in corporate workspaces, and if a person on the receiving end of it loses their job because of it, loss of pay or benefits can add financial stress to an already emotional situation. Lawsuit loans can offer a bit of monetary help during a trying time.

Chris Janish, CEO, commented, "While it's disconcerting to see an increase in sexual harassment filings, it's heartening to know that people aren't hesitating to file suit against their offenders. Many unlawfully terminated victims are unable to get new jobs right away, and sometimes a cash advance from Legal-Bay is the only way to pay the bills."

If you're an attorney or plaintiff in an ongoing wrongful termination, sexual abuse, sexual harassment, retaliation, racial, age, or gender discrimination lawsuit and require an immediate cash advance lawsuit loan from your anticipated lawsuit settlement, please visit our website HERE or call 877.571.0405.

Legal-Bay is an advocate for victims involved in sexual misconduct, sexual harassment, and sexual abuse cases. Their settlement loan programs offer immediate cash in advance of a plaintiff's anticipated monetary award for many other types of sex crime cases such as clergy or Catholic Church sexual abuse cases, prison rape cases, police brutality, and more. The non-recourse lawsuit loans also help victims involved in unlawful termination and wrongful unemployment lawsuits, personal injury lawsuits, car and truck accidents, commercial litigation, verdict or judgment on appeal cases, medical malpractice, and more.

Legal-Bay's programs are non-recourse lawsuit cash advances—sometimes referred to as loans for lawsuits or loans on settlement—and are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit loans aren't really a loan, but rather a cash advance.

Legal-Bay has some of the quickest turnaround in the industry, normally getting plaintiffs cash-in-hand within 48-hours of filing an application. If you require money now, please visit the company's website HERE or call 877.571.0405 where skilled agents are standing by.