UK Legal Funder Confirms Appointment of Administrators
Since the Supreme Court handed down its judgement on litigation funding agreements last week, there has been much discussion of the difficulties that funders may face to survive in an…
Since the Supreme Court handed down its judgement on litigation funding agreements last week, there has been much discussion of the difficulties that funders may face to survive in an…
In a briefing from Clifford Chance analyzing the nature and long-term effects of the Supreme Court’s decision, Claire Freeman and her co-authors examine the background to the case, breakdown the…
As LFJ continues to report on industry reactions to the UK Supreme Court’s decision on litigation funding agreements (LFAs) being classified as damages-based agreements (DBAs), we are finding varied perspectives…
With funding for patent litigation facing a barrage of disclosure requests in the US, and funding agreements in class action claims facing new challenges, funders are keen to keep an…
Whilst it has only been a matter of days since the landmark decision from the UK Supreme Court, with a judgement establishing that litigation funding agreements (LFAs) should be classified…
Earlier this week, the UK Supreme Court handed down a long-awaited judgement that many believe will have a significant impact on the short-term future of the UK litigation funding market. The ruling in the case of R (on the application of PACCAR Inc and others) (Appellants) v Competition Appeal Tribunal and others (Respondents) held that litigation funding agreements (LFAs), where the funder’s remuneration is based on a percentage of the recovered damages, should be classified as damages-based agreements (DBAs).
One of the stories that will be important to monitor throughout 2023 is how each country within the European Union will handle the implementation of the EU’s Representative Action Directive,…
As LFJ recently reported, the aftermath of the Covid-19 pandemic is proving to be fertile ground for lawsuits, including litigation being brought by university students who argue that they did…
The topic of funding disclosure in patent litigation has continued to be one of the most pressing issues in the US market, driven by ongoing efforts in Delaware to put…
One of the most significant court rulings for litigation funders in the UK was handed down today, as the Supreme Court announced its decision in the case of R (on…
An area of litigation and arbitration that has become increasingly associated with funded claims is the world of international investment treaties, and claims brought by corporations against governments for being…
As the litigation finance industry continues to mature, there will naturally be an expectation that the industry should move towards standardized approaches and methodology. Reflecting this trend, Burford Capital’s CEO…
4 Rivers has a case which requires urgent funding. It is a RICO claim against a large insurance company, which has recently been found to be already engaging in serious misconduct, including a Punitive Damages award against it, and found vicariously liable for assisting arsonists.
The following article was contributed by John Hanley, Partner at Rimon Law, and Ryan Schultz, Vice President of Business Development for Woodsford Litigation Funding.
Third-party litigation funding (“TPLF”) involves financing of expenses incurred in a lawsuit (for example, expert fees and usually some portion of legal fees incurred) in exchange for a share of the final judgment or settlement. The funding is typically non-recourse (i.e., the amounts funded need not be repaid if the lawsuit is unsuccessful) and is often repaid through a financial interest in the attorneys’ fees realized by the law firm if the case is successful. These arrangements have become common in the marketplace: in 2022, $3.2 billion in capital was committed for new TPLF; 61% of that capital was deployed to law firms as opposed to clients and claimants; and 28% of the funding recipients were members of the Am Law 200.1
Over three years after the outbreak of Covid-19, claims are still being brought by individuals or groups who suffered losses due to actions taken by organizations during the pandemic. In…
The Camp Lejeune tainted water scandal has been previously discussed as one of the most promising opportunities for mass claims in the US, with new reporting suggesting that the scale…
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces a positive development on an investment within its Fund I portfolio.
Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends impacting the business of law.
Although the use of litigation funding continues to increase in many jurisdictions, both in terms of the volume of funded disputes and in the value of the legal actions being…
Litigation Capital Management Limited (AIM:LIT), a leading alternative asset manager of disputes financing solutions, provides a market update for the twelve month period to 30 June 2023 (“FY2023”).
EJF Capital LLC (“EJF Capital”), a global alternative asset management firm, today announced the successful close of its fourth installment of litigation finance investment vehicles, Rocade Capital Fund IV LP and Rocade Capital Offshore Fund IV LP (the “Funds”) with approximately $220 million in investor subscriptions and commitments. Previously, EJF Capital and funds affiliated with Barings LLC, one of the world’s leading investment managers, formed a joint venture specialty finance company, Rocade LLC (“Rocade”), with $250 million of committed capital designed to invest alongside the Funds. The combined capital commitments raised across Rocade and the Funds totals approximately $470 million.
The combination of class actions and litigation funding has proven to be an incredibly powerful tool in holding large corporations to account, providing the needed capital to balance the scales…
Ireland’s President has approved legislation that allows third parties to finance international commercial arbitration. Historically, Ireland has enacted a very restrictive approach to third party funding vehicles to finance litigation…
Large scale class action claims remain a top priority for many leading funders, providing an opportunity to give significant volumes of consumers access to justice and seek compensation from large…
Among the discussion of new regulations which could affect litigation funding, one of the most important angles to consider is how each country’s implementation of the EU’s Representative Action Directive…
Lex Ferenda Litigation Funding LLC “LF2” recently launched two new initiatives in conjunction with its commercial funding operations. “LF2 University” or “LF2U” offers programming and content promoting education about litigation finance. Meanwhile, “LF2 Gives” serves as LF2’s philanthropic arm and corporate citizenship program, through which LF2 supports the local communities in which it works.
As LFJ outlined in an article last week, one of the key challenges facing the litigation funding market over the coming years is going to be uncertainty in the global…
One of the largest areas of growth for litigation funders in the next decade could be through funding law firms, either via broader portfolio funding structures or the more emergent…
Funds managed by Foresight Group (“Foresight”), a leading, listed, sustainability-led alternative asset investment manager with £12 billion* of assets under management, have completed the acquisition of LionFish Litigation Finance Limited (“LionFish”) from AIM-listed professional services firm RBG Holdings Plc (“RBG”).