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Community Spotlight: Noah Wortman, Founder and CEO, NRW Consulting

By Harry Moran |

Community Spotlight: Noah Wortman, Founder and CEO, NRW Consulting

As Founder and CEO of NRW Consulting, Noah brings his extensive experience in assessing and analyzing corporate misconduct in the financial markets, as well as his commitment to finding global litigation and shareholder engagement solutions to investors across the world. He has extensive experience advocating for global investors, promoting corporate governance and investor stewardship, and implementing strategies to achieve collective redress.

Noah splits his time between Philadelphia and London with a global remit where he strives to provide access to justice for global institutional investors (including financial institutions, superannuation schemes, asset managers and owners, and sovereign wealth and pension funds) and others via engagement and litigation strategies including global shareholder litigation (class/group, opt-out/direct, and opt-in), antitrust/competition/cartel litigation, complex financial litigation, global privacy/data breach litigation, and global patent litigation.

Most recently, Noah was Director of Global Collective Redress at Pogust Goodhead and immediately prior was Senior Manager, Collective Redress at Omni Bridgeway where he worked with global institutional investors to implement litigation funding strategies to aid in exercising their shareholder rights in seeking legal redress from publicly listed companies where an alleged wrongdoing had occurred.

Noah is a frequent speaker around the globe on the topic of shareholder legal redress, recovery, rights and responsibilities. He has also been a member of several leading global institutional investor organizations and currently serves on the Advisory Board of Perfect Law’s Global Class Action and Mass Torts Conference. He has also served on the International Corporate Governance Network’s (ICGN) Global Stewardship Committee and its former Shareholder Responsibilities Committee, the Sovereign Wealth Fund Institute’s Event Advisory Board, and the Council of Institutional Investors’ Markets Advisory Council.

Company Name and Description:  NRW Consulting supports, recommends, and creates pathways to recovery for global investors and consumers harmed by corporate misconduct, including securities fraud, market manipulation, and violations of global regulatory requirements.  

Company Website: https://www.nrwconsultingllc.com 

Year Founded:  2018

Headquarters:  Consulting globally. Operating out of Philadelphia and London.

Area of Focus: When value erosion has been caused by corporate misconduct or fraud within an investee company, there are established and effective remedies for restitution. One of the most successful recourses is collective redress through group or class actions. Institutional investors have successfully used this option around the world to recover significant sums on behalf of beneficiaries.

With diverse global investor portfolios, institutional investors may need to consider class actions in multiple countries. Therefore, pursuing claims through class actions, direct actions, shareholder derivative actions, and/or funded group actions offers the opportunity to, on a de-risked basis: hold wrongdoers to account, influence corporate conduct and governance, or potentially institute corporate governance reform.

Noah also sits on the Advisory Board of Perfect Law. Perfect Law presents the annual Global Class Actions and Mass Torts Conference that takes place in London (https://www.perfectlaw.co.uk). The conference brings together a vertiable who’s who of the global collective redress community including judges, academics, practitioners, funders, industry providers and experts from all over the world to discuss, debate and learn from each other regarding the cases and issues of the day with the common goal of furthering access to justice.

Member Quote: “Litigation funding is a cornerstone of access to justice, allowing investors, consumers, individuals, organizations, and communities to seek legal recourse and exercise their right to pursue legitimate claims regardless of their financial circumstances. By enabling cases to proceed on their merits, it upholds fairness and accountability within the legal system, offering a powerful means to hold corporate wrongdoers to account.” 

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Harry Moran

Harry Moran

Commercial

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Omni Bridgeway Reaffirms Double-Digit AUM Growth Target Through FY28

Omni Bridgeway has restated its medium-term targets for assets under management and cost coverage, telling investors it expects annualised AUM growth of at least 10% through FY28.

As reported by GlobeNewswire, the Australian funder is also targeting 70% coverage of its operating costs by FY28. Assets under management stand at A$5.9bn, up 12% since June 2025, representing a 17% compound annual growth rate since June 2022.

The cost coverage trajectory is the more telling figure. The measure has moved from 17% in FY23 to 53% in FY26, as the business shifts weight from its own balance sheet toward third-party capital and fee income. Operating expenses fell 20% in FY26 while new commitments rose 38%.

Chief executive Raymond van Hulst has positioned the group around capital-light growth. FY26 produced record proceeds of A$350.5m, up 49%, alongside A$712.2m in new commitments, A$862m of third-party capital and more than A$1.6bn in total capital formation.

The guidance is a reaffirmation rather than a new disclosure, and the targets were set out in the company's FY26 results cycle. Its value lies in the consistency of the message: Omni Bridgeway continues to tell the market that growth will come through managed funds and co-investment rather than through expanding its own book.

Legal-Bay Launches Attorney Fee Advancement Program Offering Up to $1 Million

Legal-Bay has introduced an attorney funding and fee advancement program that provides contingency-fee law firms with up to $1m against fees they have already earned but not yet received.

As reported by PR Newswire, the Jersey City-based funder is targeting firms waiting on settlement proceeds. Qualifying firms need a signed settlement agreement and release along with a retainer, and the company says funding can close within two to three business days.

The program sits alongside a broader set of offerings that includes law firm funding against contingency receivables, cash advances, settlement funding and case cost funding. Chris Janish, Legal-Bay's chief executive and founder, framed the product around lawyers who have already completed the work and are simply waiting to be paid.

The launch builds on the firm's existing attorney-facing business. Legal-Bay opened an attorney funding branch in October 2023 and added a case cost program in May 2025.

Fee advancement addresses a structural timing problem in contingency practice. A firm can win a case and still face a gap of months between the settlement agreement and the arrival of funds, during which payroll, case costs and new matter intake all continue. Products of this kind convert a signed settlement into near-term working capital, and the segment has drawn increasing attention from funders looking for shorter-duration, lower-variance exposure than single-case investment typically provides.

Burford Capital Backs AI Litigation Startup Launched by Former DOJ Antitrust Chiefs

Burford Capital is among the investors behind FluxCap, an artificial intelligence startup for litigators launched publicly this week by two former leaders of the US Department of Justice's Antitrust Division.

As reported by PYMNTS, the company was founded by Jonathan Kanter and Doha Mekki, who ran the division under the Biden administration. FluxCap has raised $6.4m in seed funding from Y Combinator, Bloomberg Beta, Deep Work Capital, Coalition Operators, Omidyar Network and Burford Capital.

The platform is built for plaintiff-side litigators and government enforcers rather than the defence bar, and is aimed at evaluating claims, managing discovery, analysing evidence and outlining arguments. Its initial focus is antitrust. The team includes former DOJ and White House officials alongside a number of Palantir alumni, and the company says its tools are already being used in active matters seeking more than $1bn in damages. Three products have been named so far: FluxAlmanac, FluxFacts and Vision Manager.

Burford's participation is the detail of note for the funding market. Capital that typically backs individual cases is being deployed into the infrastructure that selects and builds them, which gives funders earlier visibility into claim quality.

The wider legal technology market remains uneven. Roughly $3.2bn flowed into legal startups in 2025, up about 150% year on year, but Tracxn data puts legal tech funding through October 2026 at $2.74bn, down 19.7%. Courtroom performance also remains unproven: researcher Damien Charlotin had catalogued 2,231 decisions involving AI hallucinations as of this week.