Three Quarters of Law Firms Would Consider External Ownership
Three quarters of law firms would consider selling a percentage of their business to an external buyer, new research has revealed.
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Gain Brand Launches, Commits to Leveling the Insurance Playing Field
Gain, a comprehensive medical lien servicing and legal funding company with an artificial intelligence-powered platform, launched today. Previously, the company had been doing business as a variety of operating companies, including Cherokee Legal Holdings, Cherokee Funding and Gain Servicing. The rebrand is meant to streamline the companies and build efficiencies in order to serve as a centralized, AI-powered hub to those with medical lien servicing and legal funding needs.
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Burford Capital releases latest issue of its Burford Quarterly journal of legal finance
Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance exploring the practical applications of legal finance across a broad spectrum of businesses.
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LegalPay launches Contract Defense, a free service protecting businesses from disputes arising through BNPL
LegalPay, India’s first and largest litigation funder and interim financier, has launched a feature that protects businesses against disputes arising from contracts paid for using its BNPL product.
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Omni Bridgeway launches in Italy, welcomes Giacomo Serra Zanetti
Omni Bridgeway is pleased to announce the company’s continued European expansion with the addition of permanent operations in Milan, Italy, and welcomes Giacomo Serra Zanetti who joins as Investment Manager and Senior Legal Counsel.
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Could UK Class Actions Put a Stop to Ticketmaster’s Price-Gouging?
The following piece was contributed by Tom Davey, Co-Founder and Director at Factor Risk Management. News of another class-action lawsuit against Ticketmaster comes as little surprise, given the company’s long history of legal disputes both in the UK and North America. Described by US senator Richard Blumenthal as a “monopolistic mess”, the company has been beset with criticism and legal action ever since merging with events promoter and venue operator Live Nation in 2010. The combined entity controls around 70% of the live venue and ticketing marketplace, a situation which many believe it exploits at the expense of its customers.
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Litigation Funder LegalPay Launches Super-Senior Bonds for HNIs Worth ₹ 50 crores
LegalPay, India’s first tech-based interim financier and litigation funder for commercial litigations and arbitrations, has launched Super Senior investment-grade rated bonds worth ₹ 50 Crores for High Net-worth Indi
Read More BridgePoint Financial closes $10 million funding to advance Indigenous legal claims
Canadian legal funding specialist BridgePoint Financial Services Inc. (“BridgePoint”) is pleased to announce the closing of a $10 million financing with Calgary-based Maurice Law, Canada’s first and only Indigenous-owned national law firm. The transaction is part of a broader financing program established by BridgePoint in association with Maurice Law to promote access to justice and to expedite the fair and just settlement of First Nations’ legal claims against Canada based on outstanding treaty obligations and other historic grievances.
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Funding Opportunity: Partnerships in Social and Environmental Disputes in the Amazon
Daniel Cavalcante is an experienced Brazilian lawyer, and seeks partners to structure partnerships in disputes involving indigenous and socio-environmental rights against large global companies that have business activities in Brazil.
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Validity Finance is First Commercial Litigation Funder to Achieve B Corp™ Certification
Validity Finance, one of the largest private commercial litigation funders in the United States, today announced that it has been awarded Certified B Corporation™ (B Corp) status. This recognition acknowledges Validity’s accountability to its stakeholders, including employees, investors, clients, and the communities in which it operates. Since its founding, Validity has been a purpose-driven organization focused on funding meritorious litigation as a corrective measure for an unbalanced legal system, and its new B Corp status reflects this commitment.
Signature Litigation announces appointment of partner Jérémie Fierville to strengthen its corporate and financial dispute resolution expertise in Paris
Specialist disputes law firm Signature Litigation today announces the appointment of dispute resolution specialist Jérémie Fierville as Partner in their Paris office.
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Looks Dubious – The Third Ground to Restrain a Lawyer from Acting
The following piece was contributed by Valerie Blacker, commercial litigator focusing on funded litigation, and Amelia Atkinson, litigation and dispute resolution lawyer at Piper Alderman. Strata Voting Pty Ltd (In Liq) v Axios IT Pty Ltd and Anor[1] is a funded single plaintiff action. It involved a recent examination of the Court’s power to prevent a lawyer from acting in proceedings for a conflict of interest. The authors represented Strata Voting in its successful defense of the restraint application.
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Lex Ferenda Litigation Funding Expands to Denver; Announces Addition of Prominent Litigator and In-House Attorney Andrew Kelley
Lex Ferenda Litigation Funding LLC “LF2” is pleased to announce its expansion to Denver, Colorado, with the addition of prominent in-house attorney and litigator, Andrew Kelley, who joins as Managing Director, Underwriting and Risk. He was previously Associate General Counsel and head of commercial litigation at Fortune 500 company, DaVita Inc. (NYSE: DVA).
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Cartiga Earns Top Legal Funding Provider Honors, Reinforces Commitment to Law Firms and Clients
Cartiga has recently been rated the #1 legal funding provider in both the consumer litigation funding and law firm funding categories by the New York Law Journal and the National Law Journal. It was also voted best litigation funding provider by the Daily Business Review.
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Legal-Bay Lawsuit Funding Reopens Underwriting Department for Victims of Sexual Abuse
Legal-Bay, The Pre Settlement Funding Company, announced today that they are reopening funding for victims of sexual abuse in light of recent settlements in the McLaren sports facility and multiple Los Angeles detention center lawsuits.
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Bespoke Capital Consulting Announces First Investment
Bespoke Capital Consulting has announced the deployment of its first investment. Bespoke provides equity investments to contingent fee law firms looking to grow their business, partnering investment funds with ongoing consultative guidance from its highly qualified and experienced management team.
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Key Takeaways from LFJs Special Digital Event: Mass Torts and Litigation Funding
On Thursday March 23rd, Litigation Finance Journal hosted a special digital event: Mass Torts and Litigation Funding. Panelists included Michael Rozen (MR), Founder and Managing Partner at TRGP Investment Partners, James Romeo (JR), Managing Partner at Greenpoint Capital, Brian Roth (BR), Chief Executive Officer and Chief Investment Officer of Rocade Capital, and Michael Guzman (MG), Partner at Kellogg, Hansen, Todd, Figel and Frederick. The discussion was moderated by Ed Truant (ET), Founder of Slingshot Capital.
Unsubstantiated Arguments against Third Party Litigation Funding by the U.S. Chamber of Commerce
The following piece was contributed by Boris Ziser and John Schneider of law firm Schulte Roth & Zabel. As famed British-American author and journalist Christopher Hitchens astutely observed, “exceptional claims require exceptional evidence.”[1] Alas, the U.S. Chamber of Commerce’s Institute for Legal Reform (“ILR”) overlooks Hitchens’ directive in its November 2022 paper “A New Threat: The National Security Risk of Third Party Litigation Funding” (“ILR Paper”). The ILR Paper, in short, makes an exceptional set of claims about the bad faith of American lawyers, the implied ineptness of our judges and the way our legal system functions, without providing the requisite evidence to back it up.
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Highlights from Brown Rudnick’s 2nd Annual European Litigation Funding Conference
Last week, Brown Rudnick hosted its second European Litigation Funding Conference, which brought together a crowd of international thought-leaders from across the industry, and provided attendees with an agenda filled with insightful discussions on a wide array of issues. The conference proved to be a beneficial experience for all, with Augusta Ventures co-founder Robert Hanna describing it as ‘the pre-eminent litigation funding conference in Europe, if not the world’.
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LCM Releases Interim Results for the Half Year
Litigation Capital Management has released its Interim results for the half year ended 31 December 2022.
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International Legal Finance Association Adds Contingency Capital as 20th Member
The International Legal Finance Association (ILFA), the only global association of commercial legal finance companies, today announced that Contingency Capital has joined the organization as its 20th member.
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Casting a Worldwide Net: How Litigation Funders Can Leverage Europe’s New Unified Patent Court
The following article was contributed by Lionel Martin (Partner, August Debouzy), Pierre-Olivier Ally (Counsel, August Debouzy), Ben Quarmby (Partner, MoloLamken LLP) and Jonathan E. Barbee (Counsel, MoloLamken LLP). Europe’s Unified Patent Court (UPC) is on the cusp of launch, confirmed for this June 1, 2023. It has been eagerly anticipated by the patent litigation community across the member states—starting with 17 European countries, but expected to extend rapidly to all of Europe minus Poland, Spain, Croatia, and, most notably, the UK. The UPC has been long in the making: over ten years have passed since the agreement was first signed. What is to be expected of this new court, and what opportunities does it present for litigation funders?
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Emerging Litigation and Corporate Boutiques Create Powerhouse Alliance
American litigation boutique Invenio LLP and emerging global legal consultancy Biztech Lawyers today announced the launch of their cross-border partnership that will now provide an even broader range of legal and strategic business advice to clients who are facing moments of emergence, crisis, or transformation, either as an organization or in navigating new asset classes or markets.
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Immunity from Lawyer Malpractice – Uniquely Australian
The following article was contributed by Valerie Blacker, a commercial litigator focusing on funded litigation, and John Speer, a lawyer in the Dispute Resolution and Litigation Team at Piper Alderman. While large class actions receive the lion’s share of media attention, litigation financiers also regularly fund litigation involving a single plaintiff. Given that solicitors are required to maintain professional indemnity insurance, they can be, in instances of negligence, an attractive prospect for financiers: they are well-resourced and have the capacity to satisfy any judgment awarded against them.
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Dutch class action progressing against Airbus relating to large-scale corruption and bribery
For many years, Airbus allegedly facilitated large-scale bribery and corruption in its aviation business. Airbus did not adequately inform the investing public about its wrongful conduct. Investigations by various authorities subsequently resulted in Airbus having to pay a fine of approximately € 3.6 billion (US$ 4 billion).
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Funder Spotlight: Hedonova
Hedonova is a hedge fund that was established in 2020, and it specializes in alternative investments. The company has offices located in various parts of the world, making it accessible to investors from different regions. Alternative investments are unique investment opportunities that do not conform to the standard categories of investments such as stocks and bonds. Hedonova’s portfolio of alternative investments encompasses a diverse range of assets, including startups, real estate, fine art, wine, and cryptocurrencies.
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AIR Asset Management Partners with Kerberos Capital Management to Add Legal Finance Allocation to its Multi-Strategy Product
AIR Asset Management (“AIRAM”), a Chicago-based hedge fund management firm focused on investing in life settlements, annuities, and private credit, today announced its strategic partnership with Kerberos Capital Management (“Kerberos”), a leading private credit asset management firm that specializes in direct lending to law firms. The partnership enables AIRAM to enhance and further diversify its multi-strategy investment product through adding a legal finance asset allocation focused on law firm lending.
Read More Litigation Capital Management: Progress on direct balance sheet investment
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specializing in dispute financing solutions internationally, announces positive progress on an investment forming part of its portfolio of direct investments.
LegalPay announces the exit of its First Litigation Financing SPV, generating more than 27% returns
LegalPay, India’s largest legal financier, has announced the exit of its commercial litigation financing SPV (Special Purpose Vehicle), delivering 27% IRR over a tenure of less than 2 years. LegalPay currently manages INR 2,500 crores in claims under management and looks to add additional INR 5,000 crores in calendar year 2023.
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Request for Funding in Irish Breach of NDA Case
A new request for funding by an Irish law firm seeks financing for commercial proceedings in the London High Court on behalf of a private company and two of its directors. The claim is being brought against an unnamed European Union state authority in relation to the alleged breach of a non-disclosure agreement which then led to the alleged theft of the plaintiff’s intellectual property.
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