Stay on top of the impactful deals and transactions that are shaping the legal funding industry.

London-based law firm Mishcon de Reya has announced the launch of MDR Solutions, a new litigation funding venture. The finance arm was established with support from Harbour Litigation Funding, which has promised $200 million to the fund.

Per Australian law, Omni Bridgeway has registered with ASIC as a litigation funding scheme. This statement has been distributed to all applicable parties with an interest in the appeals in Halifax Investment Services Pty Ltd v Loo, and Halifax New Zealand limited v Loo, for Category 1 Investors.

According to research from Westfleet Advisors, at least 95% of cases pitched to third-party funders are rejected. Litigation funding is increasing in popularity and new entrants are always entering the space. But that hardly means securing getting a funding agreement is a sure thing.

One group of Binance traders has asserted that they lost $20 million in cryptocurrency trades earlier this year. Bitcoin prices dropped by as much as 30% last May—following the announcement of a Chinese crackdown on cryptocurrency.

As lawyers, courts, and plaintiffs develop an appreciation for Litigation Finance, competition becomes increasingly robust. Demand for funding is up, as are the number of new funders throwing their hats into the ring. There’s a wide array of funding entities now, and they vary in terms of preferred case size, minimum and maximum deployments, jurisdiction, commercial or industry specialties, and more.