Today disputes-only law firm, Hausfeld, is pleased to announce that Sarah Moore has joined its London office as partner from Leigh Day. She joins Hausfeld to further strengthen its human rights and environmental disputes practice and lead and grow its product liability practice. Her expertise also complements its group actions and consumer claims work.
During her 15-year career, Sarah has focused on high profile group litigation against corporations both in the UK and overseas and developed extensive experience in product liability and environmental cases. Leading legal directories Legal 500 and Chambers and Partners recognize her expertise and talent on the product liability, claimant-side.
Throughout the pandemic Hausfeld has continued to recruit with 12 lawyers joining since January 2020 from leading UK and US law firms. With 15 partners and 36 qualified lawyers as part of its London disputes resolution team, it is similar in size to other big city firms’ litigation practices.
Commenting on the announcement, London Managing Partner Anthony Maton says: “Sarah’s practice perfectly matches a number of growth areas for Hausfeld in London: one is our undisputed expertise in managing collective redress mechanisms and another relates to our ground-breaking work in climate change litigation. Our growing product liability practice will be further strengthened by the fantastic experience Sarah brings to the table.”
“Sarah’s appointment reflects our broader ambitions. Two years ago, we predicted a rise in group actions which has materialized. We expect this trend to continue, and with the current movement of the public wanting to hold corporates to account, this is unlikely to go away. Our US colleagues are considered market leaders when it comes to product liability claims and we want to bring that expertise into the European market. As early adopters of flexible fee structures and the use of litigation funding, we are in an excellent position to do so.”
Sarah adds: “Hausfeld has a remarkable reputation in the market as specialist litigators. I am delighted to be joining this excellent team and am looking forward to drawing on my experience in further growing the environment and product liability practices and supporting the firm’s reputation as a leading litigation boutique.” Notes to Editors For further information or to arrange interviews in the US, please contact:
Deborah Schwartz Media Relations (240) 355-8838 deborah@mediarelationsinc.com
About Sarah Moore
Sarah commenced her career at Freshfields Bruckhaus Deringer where she trained in both their London and Paris offices. Most recently, she practiced as an associate solicitor at Leigh Day in London, where she was involved in high profile litigation against British corporations concerning a range of product liability and environmental issues. Her cases have involved defective medical devices, pharmaceuticals and mass torts – often committed overseas by UK multinationals. The legal directory Chambers UK highlights: “Sarah Moore is a developing force in the market who has been involved in significant litigation involving medical device defects.”
For more information about Sarah, please visit her bio.
About Hausfeld
Hausfeld is a leading global law firm with offices in Amsterdam, Berlin, Boston, Brussels, Düsseldorf, London, New York, Paris, Philadelphia, San Francisco, Stockholm, and Washington, DC. The firm has a broad range of complex litigation expertise, particularly in antitrust/competition, financial services, sports and entertainment, environmental, mass torts, consumer protection, and human rights matters, often with an international dimension. Hausfeld aims to achieve the best possible results for clients through its practical and commercial approach, avoiding litigation where feasible, yet litigating robustly when necessary. Hausfeld’s extensive experience with alternative and innovative fee models offers clients a diverse menu of engagement options and maximum flexibility in terms of managing their cost exposure.
Hausfeld is the only claimants’ firm to be ranked by the Legal 500 and Chambers & Partners as a top tier firm in private enforcement of antitrust/competition law in both the United States and Europe. For more information about the firm, including recent trial victories and landmark settlements, please visit www.hausfeld.com.
Therium, a leading global provider of litigation, arbitration and specialty legal finance, is pleased to announce the launch of a new publication aimed at educating corporations and their legal departments on the importance of monetizing their litigation assets through structured affirmative recovery programs. A Good Offense: The Therium Guide to Creating an Affirmative Recovery Program, is available as a progressive eBook, beginning today with the release of chapter 1, which introduces the concept of affirmative recovery and delves into its history. New chapters will be released during the last week of each month moving forward.
The legal departments of the world’s corporations were created out of necessity. Legal has always been viewed as a cost center, defending potentially costly claims against the company as efficiently as it can, and ensuring that transactions and other contractual matters are structured properly. Legal departments, however, regularly bypass potentially valuable litigation claims because the financial and other risks required to monetize litigation assets are viewed as too steep. That was already the case in a strong economy, let alone the current downturn. COVID-19 and the subsequent economic downturn are causing corporations to lose value each day, leading to tighter budgets and greater pressure on all departments. At the same time, they must find revenue wherever they can.
“Corporate legal departments have the potential to become drivers of revenue if they can successfully monetize litigation claims,” said Eric Blinderman, CEO of Therium US and one of the publication’s co-authors. “In this economy it is more important than ever that they do just that. We developed this eBook to assist in-house counsel in identifying potential high-value claims and mitigating a broad range of internal and external risks as they formalize a program for initiating plaintiff-side litigation.”
After using the first chapter to lay the groundwork for the story of affirmative claims, future chapters will include:
Chapter 1 Abstract
In 2004, the legal department of E.I. du Point de Nemours and Co. launched an initiative to maximize its recoveries and contribute to the company’s bottom line. “When a certain amount is at stake,” DuPont’s then-assistant general counsel Tom Sager said, “we have an obligation as counsel to the company to pursue claims.”
To those outside the legal profession, this posture may sound unremarkable. But historically, recovering such funds has not been a priority. DuPont’s strategy changed all that. In 2004, its law department recovered $100 million for the company. Within a decade, it had recovered more than $2.6 billion. That figure is enough to establish the obvious benefit of a program like DuPont’s, known as “affirmative recovery programs.” And they have many additional advantages. Among them is the satisfaction of achieving the oft stated but rarely realized goal of making a legal department a profit center rather than a cost center.
Which raises an obvious question: why aren’t more companies following their lead?
In recent years, corporate legal departments have taken tentative steps toward adopting a more aggressive mindset. Three-quarters of the Fortune 500 have filed lawsuits as plaintiffs in what could be called “affirmative recovery” matters. But a much smaller portion of the Fortune 500 have created their own programs.
Complacency and tradition are the two most basic forces that have kept legal departments from asserting legal claims. Conventional wisdom has long held that it’s not the general counsel’s job to make money for the company. Instead, lawyers served the singular function of defending the company from legal risk. And the generally defensive orientation of in-house legal departments made a comfortable fit with the risk-averse nature of its lawyers.
Despite the forces keeping legal departments from bringing lawsuits, they have gradually begun to adopt a plaintiff’s mentality. We can trace the origins of the movement as far back as the 1980s, when a financial crisis led Texas Instruments and IBM to turn to their legal departments for patent licensing revenue. These and similar efforts revealed that legal departments could do more than protect companies from risk. They could become strategic actors generating meaningful revenue.
With the Great Recession of 2008, companies came under great pressure to reduce costs, and legal departments were no longer immune. The field of “legal operations,” devoted to imposing discipline on the spending of corporate legal departments, was born. Corporate legal budgets now needed defending, and previously untouchable decisions came under scrutiny. In short, corporate legal departments began to be judged on business terms. Today, the timing is right for another leap in the adoption of affirmative recovery programs. The impediments to bringing affirmative claims have largely eroded, and the riddle of funding affirmative cases has been addressed by the use of litigation funding. And the thirst for revenue from corporate legal departments has not been this palpable since the Great Recession.
About Therium
Therium is a leading global provider of litigation, arbitration and specialty legal finance active in England and Wales and internationally since 2009. Over that period, Therium has funded claims with a total value exceeding £34 billion including many of the largest and most high profile funded cases. The firm has investment teams in the UK, USA, Australia, Spain, Germany and Oslo, supplementing its resources in its corporate headquarters in Jersey, Channel Islands.
Therium has established a track record of success in litigation finance in all forms including single case litigation and arbitration funding, funding law firms and funding portfolios of litigation and arbitration claims. This track record enabled the firm to raise the then single largest investment into litigation finance of £200 million in 2015. Therium has raised over $1 billion since its foundation, which includes the latest £325 million fund raised in February 2019.
Therium has consistently been at the forefront of innovation in litigation finance, pioneering the combined use of insurance tools alongside funding vehicles, and introducing portfolio funding products into the UK. The firm’s ability to develop innovative funding arrangements and bespoke financial solutions for litigants and law firms complements its unmatched experience and rigorous approach to funding a wide range of commercial disputes throughout the world.
The initiative will support Hugh James across all services with the initial launch focusing on their niche Military Personal Injury claims, including military deafness and cold related injuries.
Affiniti Finance, who recently announced a £250 million capital raise for litigation and dispute claims, will provide funding for a variety of claims. This deal will support access to justice for thousands of Hugh James clients, as the funding under this facility will be used to finance expenses incurred in pursuing their claims.
The litigation funding market experienced an unprecedented rise in Firms seeking sustainable and innovative solutions that give claimants access to capital to pursue meritorious claims and allow law firms to fully support their clients.
Ian Cunningham, CEO commented ‘Affiniti Finance are delighted to have partnered with prestigious law firm Hugh James. I am extremely proud of my team and the team at Hugh James for successfully completing this deal during these challenging times. We look forward to strengthening this partnership further into the future and providing additional clients greater access to justice.’