Trending Now

Apex Litigation Finance Announces the Retirement of Stephen Allinson as Head of Legal

By John Freund |

Apex Litigation Finance Announces the Retirement of Stephen Allinson as Head of Legal

Apex Litigation Finance has announced the retirement of Stephen Allinson from his role as Head of Legal, marking the end of a formal leadership chapter but not his association with the litigation funder.

Stephen is a highly respected Solicitor and Licensed Insolvency Practitioner with more than 40 years’ experience in business law, insolvency and debt recovery. Over the course of his career, he has combined practice with thought leadership, lecturing widely on credit and insolvency matters and serving in senior regulatory and educational roles.

His distinguished career includes:

  • Building and leading a nationally recognised insolvency and debt recovery practice at a large regional law practice, employing over 60 department staff and managing key national contracts.
  • Serving as Chairman of the Board of The Insolvency Service and Chairman of The Joint Insolvency Examination Board.
  • Holding senior tribunal and regulatory positions, including membership of the ICAEW Conduct Committee and more than a decade chairing disciplinary and appeal tribunals for the ACCA.
  • Chairing the Assessment Board of the Chartered Institute of Credit

Stephen first joined Apex in 2019 as a consultant, before becoming Head of Legal in 2022. In that capacity he has been instrumental in guiding Apex’s legal strategy, strengthening its market position and ensuring the company’s commitment to fair, practical and client-focused litigation funding.

While he will be stepping down from the Head of Legal role, Stephen’s association with Apex will not end. He will continue to serve the business as a trusted consultant, providing invaluable expertise and support to the team and Apex’s clients.

Maurice Power, CEO of Apex Litigation Finance, said: “Stephen’s contribution to Apex has been exceptional. His legal expertise, combined with his deep understanding of insolvency and credit law, has helped shape Apex into the funder it is today. We are delighted that while he is stepping down from his formal role, we will continue to benefit from his counsel as a consultant. We thank him sincerely for his leadership and look forward to our continued collaboration.”

Tim Fallowfield, Apex Chairman wrote:  “Apex would not be where it is today without Stephen’s contribution, his wide-ranging legal knowledge and passion for his work. He has mentored the legal team, led by example and been an integral member of the Apex Investment Committee. We wish him lots of luck for the next chapter and look forward to his future engagement with the Apex business. From all of us at Apex, a hearty thanks.”

Stephen commented: “It has been a privilege to be part of the Apex journey and contribute to the growth of the company. Access to justice has always been one of the guiding principles of my professional career and I look forward to the continuing growth of Apex and still playing my part, albeit in a different role.”

About Apex Litigation Finance

Apex Litigation Finance provides fast, fair and flexible funding solutions for small to mid-sized UK commercial disputes requiring between £10,000 and £750,000 of funding, on a non-recourse basis. By combining financial support with deep sector expertise, Apex enables access to justice for claimants while serving as a trusted partner to legal professionals and insolvency practitioners.

Secure Your Funding Sidebar

About the author

John Freund

John Freund

Commercial

View All

Burford Covers Antitrust in Legal Funding

By John Freund |

Burford Capital has contributed a chapter to Concurrences Competition Law Review focused on how legal finance is accelerating corporate opt-out antitrust claims.

The piece—authored by Charles Griffin and Alyx Pattison—frames the cost and complexity of high-stakes competition litigation as a persistent deterrent for in-house teams, then walks through financing structures (fees & expenses financing, monetizations) that convert legal assets into budgetable corporate tools. Burford also cites fresh survey work from 2025 indicating that cost, risk and timing remain the chief barriers for corporates contemplating affirmative recoveries.

The chapter’s themes include: the rise of corporate opt-outs, the appeal of portfolio approaches, and case studies on unlocking capital from pending claims to support broader corporate objectives. While the article is thought-leadership rather than a deal announcement, it lands amid a surge in private enforcement activity and a more sophisticated debate over governance around funder influence, disclosure and control rights.

The upshot for the market: if corporate opt-outs continue to professionalize—and if boards start treating claims more like assets—expect a deeper bench of financing structures (including hybrid monetizations) and more direct engagement between funders and CFOs. That could widen the funnel of antitrust recoveries in both the U.S. and EU, even as regulators and courts refine the rules of the road.

Almaden Arbitration Backed by $9.5m Funding

By John Freund |

Almaden Minerals has locked in the procedural calendar for its CPTPP arbitration against Mexico and reiterated that the case is supported by up to $9.5 million in non-recourse litigation funding. The Vancouver-based miner is seeking more than $1.06 billion in damages tied to the cancellation of mineral concessions for the Ixtaca project and related regulatory actions. Hearings are penciled in for December 14–18, 2026 in Washington, D.C., after Mexico’s counter-memorial deadline of November 24, 2025 and subsequent briefing milestones.

An announcement via GlobeNewswire confirms the non-recourse funding arrangement—first disclosed in 2024—remains in place with a “leading legal finance counterparty.” The company says the financing enables it to prosecute the ICSID claim without burdening its balance sheet while pursuing a negotiated settlement in parallel. The update follows the tribunal’s rejection of Mexico’s bifurcation request earlier this summer, a step that keeps merits issues moving on a consolidated track.

For the funding market, the case exemplifies how non-recourse capital continues to bridge resource-intensive investor-state disputes, where damages models are sensitive to commodity prices and sovereign-risk dynamics. The disclosed budget level—$9.5 million—sits squarely within the range seen for multi-year ISDS matters and underscores the need for careful duration underwriting, including fee/expense waterfalls that can accommodate extended calendars.

Should metals pricing remain supportive and the tribunal ultimately accept Almaden’s valuation theory, the claim could deliver a meaningful multiple on invested capital. More broadly, the update highlights steady demand for funding in the ISDS channel—even as governments scrutinize mining concessions and environmental permitting—suggesting that cross-border resource disputes will remain a durable pipeline for commercial funders and specialty arbitrations desks alike.

Legalist Expands into Government Contractor Lending

By John Freund |

Litigation funder Legalist is moving beyond its core offering of case-based finance and launching a new product aimed at helping government contractors manage cash flow. The San Francisco-based firm, which made its name advancing capital to plaintiffs and law firms in exchange for a share of litigation proceeds, is now offering loans backed by government receivables.

An article in Considerable outlines how Legalist’s latest product is designed to serve small and midsize contractors facing long payment delays—often 30 to 120 days—from federal agencies. These businesses frequently struggle to cover payroll, purchase materials, or bid on new work while waiting for disbursements, and traditional lenders are often unwilling to bridge the gap due to regulatory complexities and slow timelines.

Unlike litigation finance, where returns are tied to legal outcomes, these loans are secured by awarded contracts or accounts receivable from government entities. Legalist sees overlap in risk profiling, having already built underwriting systems around uncertain and delayed payouts in the legal space.

For Legalist, the move marks a significant expansion of its alternative credit offerings, applying its expertise in delayed-cashflow environments to a broader market segment. And for the legal funding industry, it signals the potential for funders to diversify their revenue models by repurposing their infrastructure for adjacent verticals. As more players explore government receivables or non-litigation-based financing, the definition of “litigation finance” may continue to evolve.