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A leading litigation finance firm is investing circa £2m into AI technology as the company looks to continue its meteoric global growth. 

Litigation Capital Management (LCM) has announced that Zachary Segal has joined the team as an Investment Manager.

Delta Capital Partners Management, a global private equity firm specializing in litigation and legal finance, is pleased to announce that Jonathan Patrick has joined the firm as its Chief Financial Officer and Chief Compliance Officer.  Patrick will be based in the firm’s Chicago headquarters.

Delta Capital Partners Management, a global private equity firm specializing in litigation and legal finance, is pleased to announce that effective March 1, 2024, Anthony Donofrio has joined its Board of Advisors.

Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today announces its fourth quarter and full year 2023 results.

The following article was contributed by Jeff Manley, Chief Operating Officer of Armadillo Litigation Funding. 

In the competitive landscape of litigation, the strategic use of litigation financing has become a vital tool for law firms to manage cash flow, mitigate risk, and level the playing field. However, the infusion of external capital into the legal process brings forth intricate ethical considerations, particularly concerning client confidentiality.

Juris Capital, an investment manager specializing in innovative financial solutions for commercial litigants and law firms, is delighted to announce that Dane Lund has joined as a Managing Director. As Juris begins to expand its offerings of tailored financial solutions for commercial claimants, top-tier law firms and litigation boutiques, Lund will play a leading role in developing and executing new strategies for the firm. With the addition of Lund, Juris will offer more bespoke solutions for a wide range of cost needs, whether in the hundreds of thousands or millions.

LegalPay, India’s leading litigation finance company, has been named the BEST LEGALTECH STARTUP OF THE YEAR by Entrepreneur India at the prestigious Tech and Innovation Summit 2024. This recognition underscores LegalPay’s unwavering commitment to revolutionizing the legal finance landscape and empowering businesses with innovative solutions.

Counsel Financial, a pioneer in providing financing solutions to the plaintiffs’ bar, is proud to announce the successful close of a $25 million private equity transaction and the launch of its innovative loan servicing business. This strategic development marks a significant milestone in the company’s 25-year history.

Today Keller Postman UK Limited and Lanier, Longstaff, Hedar & Roberts LLP announce their merger to form a new specialist collective redress law firm called KP Law Limited.

LegalPay, India’s leading litigation funding company, today announced it has successfully managed claims worth USD 400 million since 2020 empowering over 1,000 businesses to recover their pending dues and navigate legal complexities. Building on this momentum, LegalPay aims to more than double the claims under management at USD 1 billion and add 4000 new cases every month by the end of calendar year 2024.

The Directors present their report (referred to hereafter as the “Interim Financial Report”), together with the financial statements, on the consolidated entity (referred to hereafter as the “consolidated entity” or “the Group”) consisting of Omni Bridgeway Limited (referred to hereafter as “OBL”, “the Company” or “the Parent”) and the entities it controlled at the end of, or during, the half year ended 31 December 2023.

Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) provides an update on progress with its international arbitration claim against the United Mexican States (“Mexico”).

An experienced and agile team today launched Winward Limited (“Winward”), a litigation finance platform focused on being a funder with a lawyer’s mindset. Winward (www.winward.uk) will be run by Jeremy Marshall, its Chief Investment Officer and Managing Director, with committed capital from Rocade Capital.

KWS Litigation, a pioneering, British litigation funding investment company, is revolutionising the legal and investment landscape by offering a unique opportunity where justice aligns with intelligent portfolio diversification.

QANLEX, a litigation finance technology fund, founded in Argentina and currently operating in Europe and Latin America, recently incorporated two lawyers as Investment Managers to its international team, Marina Gouveia and Alejandro Arias.

Omni Bridgeway Limited (Omni Bridgeway, OBL) (ASX:OBL) announces an update on income and income yet to be recognised (IYTBR) from matter completions as well as provisional impairments of certain investments.

The following piece was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).

Consumer Legal Funding, in its various forms, is pretty mundane. It covers living expenses, such as rent, food, clothes and keeping the lights on. It might even enable a family to provide Christmas or birthday gifts for their children. In every case, its sole purpose is to help individuals and families alleviate the cash-flow problems that arise in the wake of an accident or other tragic circumstances, while the individuals and families are seeking compensation for their situation. It has nothing to do with financing of the litigation.

Westbrooke Associates, the official agent for prominent and proven track record investments, is thrilled to announce its latest portfolio prospect.

Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research demonstrating that an increasing number of businesses are recognizing litigation portfolios as value sources and are becoming more open to tools that help them reframe the legal department from overhead to capital source.

Shine Lawyers has filed a class action on behalf of members of the Rest Superannuation fund who may have had income protection insurance premiums wrongfully deducted from their superannuation accounts.   

The lawyers behind a multibillion-dollar class action against BHP over the fatal 2015 Samarco dam disaster in Brazil, are opening an office in Sydney.

On February 8th, 2024, Litigation Finance Journal hosted a special digital event titled ‘Litigation Finance: What to Expect in 2024.’  The event featured Gian Kull, Senior Portfolio Manager at Omni Bridgeway, David Gallagher, Co-Founder of LitFund, Justin Brass, Co-CEO and Managing Director of JBSL, and Michael German, Co-Founder and CIO at Lex Ferenda. The event was moderated by Peter Petyt, founder of 4 Rivers.

A prominent litigation finance firm has marked a significant growth milestone by establishing a new office in The Netherlands to complement its existing presence in Manchester and Dublin.

 Ignite Specialty Risk, a leading provider of litigation risk insurance, announced today the US launch of its Litigation Capital Protection Insurance offering and the appointment of litigation finance expert and former litigator, Nicole Silver as Lead Underwriter and Head of US Operations.

Consumers for Fair Legal Funding (CFLF) — a coalition of community groups, social justice organizations, and business interests across New York — today announced the relaunch of its push for commonsense reform of the unregulated and predatory lawsuit lending industry. 

The following is an article contributed by Ed Truant, founder of Slingshot Capital,

Executive Summary

• Gross v. Net return dispersion needs to be considered by investors & fund managers
• While present in many private equity classes, managers that can limit dispersion can attract more capital for a given return profile
• Wide dispersion prevents many institutional investors from considering investing in the asset class

Omni Bridgeway Limited (ASX: OBL) (Omni Bridgeway, OBL, Group) announces its investment performance for the three months ended 31 December 2023 (2Q24, Quarter) and for the financial year to date (FYTD, 1H24).

Global law firm White & Case LLP has advised a syndicate of leading financial institutions on an upsized offering by Burford Capital Global Finance LLC, an indirect wholly-owned subsidiary of Burford Capital Limited, of US$275 million aggregate principal amount of tack-on 9.250% senior notes due 2031.

POLARIC PARTNERS GmbH is opening its doors under the management of longstanding litigation funding specialist Markus Glaser. The company provides litigation financing in return for a success-based share of the litigation proceeds.