- Houzhu Capital Hosts International Conference on Third-Party Funding Industry
- Moneypenny and VoiceNation Appoint New US Head of Marketing
- Community Spotlight: Rocco Pirozzolo, Managing Director and Director of Underwriting, Harbour Underwriting Limited
- LCM Releases Full Year Audited Results for the Year Ended 30 June 2024
- Bay Point Closes $50 Million Capital Raise for Legal Investment Fund
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3134 ArticlesMaximizing Litigation Funding Opportunities in Africa
Around the world, litigation funding is growing at a fast pace. The economic impacts of the pandemic are one of several contributing factors that also include recent legislation that’s increasingly inviting to the practice. Africa is the newest bastion of growth for the industry. As companies face pressure to conserve funds, legal departments scramble for new ways to manage budgets effectively.
Sizable Damage Awards Have Investors Looking at Patents
Several large awards for damages levied against tech giants like Apple and Cisco are turning industry heads. Centripetal Networks was awarded nearly $2 billion by a Virginia district court, representing just one of several awards of over $100 million for patent infringement.
Litigation funder Validity Finance adds former Kirkland Ellis lawyer in Houston; former federal judge joins firm’s investment committee
Leading litigation funder Validity Finance has expanded its Texas bench with the addition of former Kirkland & Ellis Houston trial partner Sarah Williams. She joins as portfolio counsel in Houston, where she’ll advise on potential investments with particular focus on Texas and the Southwest.
Key Points on Building Contingency Practices
A recent legal finance report suggests that nearly ¾ of lawyers anticipate that their firms will look into building contingency practices in the coming years, and that almost 90% say their firms will begin to increase options for alternative fee arrangements. How should contingency practices be implemented?
Are Whistleblower Cases Appropriate for Litigation Funding?
A recent Medicare False Claims Act suit involving an outside funding agreement has caught the attention of the legal community. Specifically, the case calls into question the FCA’s current public disclosure provisions, and the authority of the government to dismiss FCA actions.
Are Standardized Documents for Litigation Funding en Route?
A working group has been formed to develop model contracts for litigation funders. Chaired by Elana Rey of London-based firm, Brown Rudnick, the working group also includes funders Omni Bridgeway, LCM, Augusta Ventures, Therium, and several insurers and asset recovery professionals.
How Large Firms are Widening the Power Gap
It’s no secret that big law firms are enjoying growing revenue during the COVID pandemic. The top 50 firms have grown by more than 7% during the first half of 2020, while the next 50 biggest firms have grown roughly half that. Larger firms are handing out bonuses and hunting for new talent in numbers that pandemics would normally preclude. How is this possible?
