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Brown Rudnick Launches Litigation Funding Working Group

November 3, 2020

Brown Rudnick Launches Litigation Funding Working Group

International law firm Brown Rudnick announced today the launch of the Litigation Funding Working Group (LFWG), which brings together leading litigation funders, insurers, institutional claimants, legal advisors and other participants across the litigation funding market in the UK and Europe to develop model documentation to help support the continued growth and development of the litigation funding market. Led by Elena S. Rey, a partner at Brown Rudnick’s Special Situations team, this initiative comes at a time of rising demand for litigation funding products in an evolving regulatory environment. The model documentation will be freely available and will provide the following benefits across the litigation funding market:
  • Promote efficient markets: Improve speed of execution and streamline the negotiation process.
  • Develop secondary market: Provide a platform for the development of secondary market transactions by way of novation, participation, assignment or other risk transfer arrangement.
  • Market integrity: Improve protections for market participants and provide a bench mark for the judiciary by incorporating best market practice, regulatory standards (including data protection) and judicial practice and adopting a balanced approach between stakeholders.
  • Simplicity and Flexibility: Follow the model of other major financial markets by standardising structure and key clauses in a model document while leaving market participants free to incorporate their own commercial and other terms.
  • Reduce Risk: Promote the adoption of high standards across the industry and reduce exposure to reputational risk and disputes from poorly constructed contracts.
The initiative will build on the firm’s experience of working with major litigation funders on preparing their model funding documentation for the US market as well as working with the Loan Market Association (LMA) over the last 10 years in preparing model documentation for the real estate finance market and secondary trading documentation. The model documentation will be produced after extensive consultation with the members of the Working Group and the wider market and will represent an agreed common wording and structure, so that users and providers of litigation funding can rely on standardised boiler plate provisions and focus their negotiations on the commercial elements and other specific considerations. The documentation will be subject to regular review by the LFWG to ensure that it reflects current regulations in relevant jurisdictions and continues to accommodate the requirements of the respective parties. Elena S. Rey, Partner at Brown Rudnick said: “I would like to thank all of the members for their commitment and enthusiasm towards this important initiative, which will support the development of the litigation funding market and the institutionalisation of the industry by introducing best-in-class documentation. I look forward to collaborating with our members and to making these model documents available to all, which will help ensure that the market continues to operate efficiently and with the highest standards in place.” The LFWG consists of major funders and institutional claimants – including Affiniti Finance Limited, Arrowhead Capital, Augusta Ventures, BDO Global, Bench Walk Advisors, Deminor Recovery Services, Galion Capital, Grant Thornton UK LLP, King Street, LionFish Litigation Finance, Litigation Capital Management Limited, North Wall Capital, Omni Bridgeway, Therium Capital Management – insurers and brokers – including AmTrust Financial, Litica Ltd., Marsh Ltd., QLCC, and others as well as leading legal & expert advisers and barrister chambers. About Brown Rudnick LLP Brown Rudnick combines ingenuity with experience to achieve great outcomes for our clients. It delivers partner-driven services and excellence across its practice areas, which include special situations, finance & litigation funding, distressed debt, corporate restructuring, M&A, tech & life science investments, white collar defence, IP & international disputes. It has offices in key financial centers in the US and Europe and serves its clients in the Middle East, North Africa, Eastern Europe, the Caribbean and Latin America. Elena S. Rey  Elena represents funders, private equity funds, major corporations and family offices on complex litigation funding as well as leverage finance matters. As a member of the Special Situations team, Elena provides a range of services from helping clients to raise finance for litigation, corporate or tech projects to introducing investors and connecting sources of capital to off-market investment opportunities. Elena holds a law degree from Harvard University, and is fluent in Russian and French. She is admitted to practice in England & Wales, and is also a member of the New York bar.

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Announcements Commercial

Loopa Finance Wins at the Lexology European Awards 2026 in the Litigation / General Counsel Category

By John Freund |

Loopa Finance has been recognized as the winner in the Litigation – General Counsel Team category at the Lexology European Awards 2026, one of the leading recognitions in the international legal sector.

The award was received in London by Ignacio Delgado, General Counsel Europe at the firm, on behalf of Loopa Finance’s European team, composed of Ignacio Delgado (General Counsel Europe), Marina Gouveia (Investment Manager), Fernando Pérez Lozada (Senior Investment Manager), and Fernando Folgueiro (Managing Partner).

The Lexology European Awards recognize outstanding legal teams across the region through a methodology that combines independent research, quantitative and qualitative analysis, and thousands of nominations supported by clients and industry peers, as well as the annual research conducted by the Lexology Index (formerly Who’s Who Legal) and Client Choice.

The selection process is based on performance evaluations related to effective communication, commercial understanding, technical expertise, strategic management, and team strength, and is supported by a global community of more than 940,000 subscribers.

This recognition positions Loopa Finance’s European team among the leading practitioners in complex litigation and strategic legal management in Europe.

“This award reflects the strength of a team operating across two continents that understands litigation not only from a legal perspective, but also through financial analysis and risk management. It is the result of collective work and a rigorous, strategic approach to structuring complex disputes,” said Delgado during the ceremony.

More Than an Award: Validation of a Model

The award comes at a time of consolidation for the firm. Loopa Finance recently completed its rebranding process, evolving from Qanlex to Loopa Finance and reinforcing an identity aligned with its growth in continental Europe and its broader international positioning.

It also coincides with the closing of Fund III, raising €65 million to finance complex litigation and arbitration across Europe and Latin America, significantly expanding the firm’s investment capacity and supporting the continued growth of its platform in the region.

This milestone adds to the firm’s recent rankings, including its Band 1 classification by Chambers & Partners in Latin America and Europe, its recognition as “Highly Recommended” by Leaders League across multiple jurisdictions, and the inclusion of members of its team among the Thought Leaders in Third-Party Funding by the Lexology Index. Together, these results confirm the strength of Loopa Finance’s model and the consolidation of its team as a reference in the strategic financing of disputes at an international level.

About Loopa Finance

Loopa Finance is an investment fund specializing in the financing and monetization of litigation and arbitration across continental Europe and Latin America, supported by a technology-driven model and rigorous risk analysis. The firm provides capital to cover legal costs or monetize ongoing claims through non-recourse structures, where the recovery of the investment depends exclusively on the successful outcome of the case, assuming the financial risk of the dispute while fully aligning its interests with those of clients and law firms.

Announcements Commercial

Pravati Capital Partners with SEI to Bring Litigation Finance to Registered Investment Advisors

By John Freund |

One of the oldest litigation finance firms in the United States has announced a strategic partnership aimed at expanding mainstream investor access to the asset class.

As reported by Business Wire via Yahoo Finance, Scottsdale-based Pravati Capital has partnered with financial services firm SEI to provide registered investment advisors with structured access to litigation finance as an alternative investment option. The collaboration will leverage SEI's distribution platform to make litigation funding opportunities available within advisor portfolios.

The partnership reflects growing institutional interest in litigation finance as an alternative asset class. Historically, litigation funding has been difficult for mainstream financial advisors to access on behalf of their clients, with the market largely dominated by specialized funds and institutional investors. The Pravati-SEI arrangement seeks to bridge that gap by creating a more accessible pathway for advisors seeking diversification through non-correlated investments.

The announcement underscores a broader industry shift as litigation finance continues to move from a niche strategy toward greater acceptance within traditional wealth management channels. As the global litigation funding market grows — projected to reach over $25 billion in 2026 — partnerships like this one may signal a new phase of institutional adoption.

Announcements Commercial

Nera Capital Secures £50M Asset Mandate

By John Freund |

Nera Capital has strengthened its litigation finance platform with the onboarding of a new South America-based funding partner committing £50 million across litigation finance and legal assets. The mandate not only expands Nera’s available capital base but also sees the firm formally appointed as asset manager for the new funds, reinforcing its growing role as both originator and portfolio steward within the UK litigation market.

In a press release, Nera Capital announced that the £50 million commitment will be deployed across a range of UK-based claims, with the firm responsible for underwriting, structuring, capital deployment, and ongoing portfolio management. The capital will be allocated in line with Nera’s established investment criteria and risk management framework, targeting carefully selected legal assets. The funding partner, described as having an “extensive track record” in high-yielding special situations investments uncorrelated to traditional asset classes, brings prior experience in litigation finance across South America.

Robin Grant, CFO at Nera Capital, emphasized that the partnership aligns with the firm’s disciplined approach to litigation finance and enhances its ability to deliver attractive, risk-adjusted returns to investors. Aisling Byrne, Director at Nera Capital, highlighted the funder’s blend of financial and legal expertise, noting that the asset manager appointment reflects international confidence in Nera’s ability to identify viable claims and manage them through to resolution.

Established in 2011 and headquartered in Dublin, with offices in Manchester and Holland, Nera Capital provides law firm lending across consumer and commercial claim portfolios and is a member of the European Litigation Funders Association.