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Commercial Legal Innovation

2022 Thought Leaders in Litigation Finance 

Since 1996, Who's Who Legal has been examining the International legal scene to decipher trends in litigation finance innovation development. In a new research report, WWL Thought Leaders: Third Party Funding 2022 explores the latest cutting edge insights into the global litigation investment marketplace.  WhoseWhoLegal.com features Eric Blìnderman (CEO at Therium Capital Management) and James Little (Principal of Drumcliffe) in Q&A sessions on the evolution of litigation investment. Blinderman and Little are considered LF pioneers, well-regarded within the industry. Click here to read more.
The LFJ Podcast
Hosted By Jason Bertoldi |
In this episode, we spoke with Jason Bertoldi, Head of Contingent Risk Solutions for WTW, one of the world’s largest insurance brokers. Jason discussed the marketplace for contingent risk insurance and the various uses cases for contingent risk insurance products, why claimants and funders would want to insure a case that has a high probability of success, how insurance carriers weight the different underwriting factors, and how he sees the contingent risk insurance sector evolving from here. [podcast_episode episode="10179" content="title,player,details"]
Commercial

Omni Bridgeway on Defense Side Financing

The vulnerabilities of being on the defense side of litigation are immense. According to a new Omni Bridgeway research report, there are opportunities for claimants to leverage world class defense side opportunities as part of portfolio strategies.  Jason Levine (Investment Manager and US Legal Counsel at Omni Bridgeway) highlights that settlement is normally the likely outcome of litigation; funders can express returns in a variety of ways. Shifting upfront litigation exposure to the funders is oftentimes a worthwhile investment for claimants looking to diversify their risk exposure.  Similarly, defense side funding opportunities hedge against abusive litigation from opportunistic adversaries. Check out Omni Bridgeway's conversion on defense side litigation here. 
Case Developments Commercial

Bundled Class Against Apple APP and Google PLAY Stores

Czech-based funder LitFin has announced a bundled action against Google and Apple concerning their application store download purchase agreements. LitFin alleges that Google and Apple have abused their market dominance by inflating in-app commissions at or above 30%.  According to LitFin, Google and Apple have been subject to intense litigation that have assessed billions of dollars in fines and levies against their application store terms and developer revenue share policies.  LitFin suggests that both the Apple APP and Google PLAY stores have engaged in monopolistic behavior. LitFin's class action lawsuit aims to set precedent for more equitable and fair dealing in application design and product innovation.  Click here to find out more. 
Commercial

Ethics and Values Behind Litigation Finance Products and Services 

Above the Law profiles thoughts and ideas behind ethical communication of third party funding products during attorney-client discussion. Marla Decker argues that clients often have a material benefit in engaging legal finance options for strong case claims.  Ms. Decker argues that all attorney-client conversations should embrace ethical duty and care when it comes to financial benefits of litigation finance. Monetization of claim awards is a unique opportunity for many to expand bottom line growth. Therefore, Ms. Decker suggests that it is an ethical imperative for values-focused attorneys to properly discuss third party funding options with clients.  Click here to learn more about Ms. Decker's insights.   
Commercial Regulatory Issues

The Argument Against Forced Legal Finance Agreement Disclosure 

Keith Sharfman (Professor at St. John's University School of Law) has a new feature arguing against mandatory litigation finance agreement disclosure in the 94 New York State Bar Journal 36. Mr. Sharfman's article covers unique approaches to legislation targeted at third party funders and their clients.  Sharfman's research concludes that financial privacy is subject to degradation under forced litigation agreement disclosure rules. Furthermore, Mr. Sharfman alludes to the notion that claimants who have not received funding face discriminatory acts from adversaries who may take advantage of those who have not received funding.  Mr. Sharfman therefore suggests that lawmakers reject mandatory legal funding agreement disclosure. 
Commercial Fundraising

Aristata Capital Drives Meritorious Funding Innovation Banking £40MM Investment 

Aristata Capital is proud to announce a £40MM capital injection to fund a portfolio of impact investments. Such investment will include funding legal expenses for cases involving human rights, equality, indigenous law and ESG litigation.  In a press release, Aristata says the firm seeks to expand its customer base to include claimants who lack access to capital while victims of meritorious claims. Aristata suggests that the global system of commercial litigation has created an enterprise-ready environment for pursuing portfolio impact of this subject matter.  Aristata says the investment builds on years of experience in strategic litigation systems and processes. 
Commercial Deals

Deminor’s Research Reports ESG Bump 

Legal Futures profiles Deminor's ESG insights in a new report. Deminor says that ESG legal investment has a high likelihood of becoming one of the United Kingdom's most investable lines of business for litigation financiers.  Deminor forecasts that litigation funders will experience active upcoming regulatory requirements that should be embraced. Furthermore, Legal Dive highlights that most class actions in the United Kingdom have a litigation financier funding the effort. Trends point to a continuation of favorable circumstances for funded ESG class actions in the UK.  Click here to learn more. 
Commercial

Litigation Finance as a Revenue Vehicle

In a new article, Legal Dive explores the notion that litigation portfolios can become a revenue driver for legacy gain. According to Legal Dive, investors are 'plowing' funds into legal finance products and services looking to avoid cyclical market events. As a revenue driver, investors are looking at returns up to 4x their contribution.  With such figures, Legal Dive suggests that strategic partnership with legal funders should be a topic for every modern general counsel's office. The growing acceptance of litigation finance is widely considered to be an opportunity for innovators in the legal arena.  Legal Dive also focuses on monetization of potential awards, in that if a general counsel's office is relentless, the firm can profit from various business lines of litigation portfolio case assets.