News and analysis dedicated to the commercial litigation funding sector including regulatory issues, case developments, funding activities, and more.
Commercial
3048 ArticlesConcern About Defendant Insolvency in Harbour-Funded New Zealand Class Action
Law firm Adina Thorn is bringing a class action – funded by Harbour Litigation Funding – on behalf of homeowners who experienced damage to their properties due to leaky cladding installed by the James Hardie multi-national conglomerate. The James Hardie parent company is based in Ireland, and attempting to exclude it and all international subsidiaries from liability, leaving the New Zealand subsidiary as the sole defendant. However, Thorn claims the New Zealand subsidiary is insolvent, and that the parent company should therefore be on the hook.
Kirkland & Ellis Launches Contingency-Only Plaintiff-Side Practice
Kirkland & Ellis – the nation’s largest law firm by gross revenue – has announced plans to expand its contingency-fee practice with the launch of a division that focuses on the high risk/reward fee arrangement. Kirkland has represented over 100 plaintiff-side cases on a pure contingency basis over the past decade, and now seeks to expand that number by as much as 10x.
Pinsent Masons Agrees to £25M Litigation Funding Facility with Augusta
International law firm Pinsent Masons has agreed an innovative £25m litigation funding facility with the UK’s largest* litigation and disputes funder Augusta Ventures. The unique arrangement offers clients the benefit of a dedicated facility at preferred rates, including a fast-tracked due diligence process and transparent commercial terms.
Nick Rowles-Davies appointed as Chairman of the Commercial Litigation Association
The Commercial Litigation Association (CLA) today announces that Nick Rowles Davies, Executive Vice Chairmanof Litigation Capital Management (LCM) andFounder andCEO ofChancery Capital, hasbeen appointed as Chairman, effective immediately.
Litigation Capital Management (AIM: LIT) – Portfolio and Pipeline Update
Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, today provides an update as to its portfolio and pipeline of litigation projects as at 30 June 2019.
Litigation Capital Management (AIM:LIT) announces conditional settlement of litigation project
Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, announces that a conditional settlement has been reached in respect of one of its litigation projects.
New Research: CFOs Are Ready To Help GCs “Recession-Proof” The Legal Budget
NEW YORK, June 27, 2019 /PRNewswire/ — Burford Capital, the leading global finance and investment management firm focused on law, today announced the results of a groundbreaking new survey that asked Chief Financial Officers to share their views on how companies deal with the billions they spend annually on legal disputes. 2019 Managing Legal Risk Report: A Survey of CFOs and Finance Professionals reveals that CFOs see this as an urgent business challenge—especially ahead of a potential recession that will put pressure on companies to use their cash wisely—and that they are eager to partner with General Counsels to embrace innovative new solutions, including legal finance.
Vannin Capital’s Ania Farren Appointed as New Chair of ICC’s Arbitration Program
John Beechey, one of the biggest names in international arbitration and former President of the ICC International Court of Arbitration, is retiring from his position as Chair of the International Chamber of Commerce’s (ICC’s) Arbitration programme in the UK, passing the torch on to his successor, Ania Farren, Managing Director of Vannin Capital. Ania will take up the reins from 20th June, supported by Iain Quirk from Essex Court Chambers and Guy Pendell from CMS, whom we welcome as a new Vice Chair in the UK leadership team.
Flying High: LCM Lands Portfolio Funding Deal with Aviation Company
One of LCM’s key areas of focus since its IPO has been the origination and execution of corporate portfolio transactions. The recent announcement of a portfolio funding partnership with a major aviation company, in which LCM will finance 38 worldwide disputes and contractual claims arising from the operations of the company for an initial 5-year rolling period, underscores the funder’s commitment to its corporate portfolio funding strategy.
Litigation Capital Management (AIM:LIT) announces funding of corporate portfolio transaction
Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, announces it has signed an agreement to fund a corporate portfolio transaction with a leading global aviation business.
Commercial Litigation Crowdfunding Platform, AxiaFunder and Solomonic litigation analytics, partner to deliver a new generation of financing decision-making
Commercial Litigation Crowdfunding Platform, Axiafunder and Solomonic litigation analytics have agreed a partnership where Solomonic will provide AxiaFunder with the statistical data to support their case evaluation and due diligence Workflows.
Pravati Capital Announces Launch of Law Firm Consulting Business
SCOTTSDALE, Ariz., June 6, 2019 /PRNewswire/ — Pravati Capital (Company), a leading litigation finance and law firm consulting company, announced today that the Company has formally launched its law firm consulting business, Pravati Management Group.
William Roberts Lawyers & LCM announce a Class Action regarding the payment of conflicted remuneration to financial advisers by Suncorp Superannuation
William Roberts Lawyers and Litigation Capital Management Limited (LCM), a leading international provider of litigation financing solutions, are working together to bring a class action against Suncorp Portfolio Service Limited (Suncorp Super), a trustee responsible for the administration of superannuation funds (Suncorp Super Funds) and part of Suncorp Group Limited.
EY announces completion of Pangea3 Legal Managed Services acquisition
LONDON, June 3, 2019 /PRNewswire/ — EY today announces the closing of the acquisition of the Pangea3 Legal Managed Services (LMS) business from Thomson Reuters. Together with the recent acquisition of Riverview Law, this means that EY is the first organization with service offerings including legal function consulting, industry-leading LMS and legal technology in addition to legal advisory services where permitted, in more than 80 jurisdictions.
Woodsford Litigation Funding announces key strategic hire and targets significant uptick in investments in 2019/20
LONDON 4 June 2019, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced further expansion of its international executive team with the appointment of Mitesh Modha to the position of Business Development & Origination Director.
Retraction: Article on Australian Class Action Against Lynas Corp.
The editors of Litigation Finance Journal wish to retract a May 19 article which asserted that Burford Capital was named as the litigation funder that turned down an Australian class action against Lynas Corp. That information is inaccurate and we regret the error.
