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Community Spotlight: Philippa Wilkinson, Associate Director, S-RM

By John Freund |

Community Spotlight: Philippa Wilkinson, Associate Director, S-RM

Philippa Wilkinson is an Associate Director on S-RM’s Disputes & Investigations team, which is dedicated to providing investigative support to parties to contentious situations. She has experience managing asset tracing investigations, as well as litigation and arbitration support engagements, associated with complex corporate disputes. While her practice is global, Philippa specialises in matters involving Middle Eastern parties, having spent several years in the Middle East, living and working in Tunisia and the UAE. She previously worked as a journalist covering finance and infrastructure in the GCC and wider Middle East, and subsequently covering European infrastructure funds. Philippa has an MA in Near and Middle Eastern Studies from the School of African and Oriental Studies, and a BA in Modern Languages from Durham University. She is a fluent Arabic, Spanish and French speaker.

Company Name and Description: S-RM is a global risk and intelligence consultancy. Founded in 2005, our staff comprises 350+ practitioners across eight international offices, serving clients across all regions and major sectors. Headquartered in London with offices in Cape Town, Hong Kong, Singapore, Kuala Lumpur, New York, Utrecht and Washington, D.C., we support our clients by providing intelligence that informs critical decision-making and strategies.

Our dedicated Disputes & Investigations practice was established to provide specialist support to clients engaged in contentious situations. Our intelligence is deployed in a number of scenarios including litigation, international arbitration, internal investigations and investigations related to sanctions or fraud. We provide a full spectrum of dispute-focused services including asset tracing and enforcement strategy; litigation support; eDiscovery and digital forensics; and strategic intelligence. S-RM’s investigators sit alongside cyber security experts and seasoned crisis managers. Our investigations involve their collaboration on a regular basis, be it for physical surveillance, expert witness support, or digital forensics. Since 2021, our practice has received international recognition by leading legal directories, including Chambers & Partners and Who Who’s Legal (Lexology Index).

S-RM’s research and analysis is provided by six regional teams, which provide expert coverage of a range of jurisdictions globally, from the most prominent to some of the smallest and most obscure. Collectively, S-RM’s analysts and managers speak over 45 languages and have come to the business from a broad range of sectors including intelligence, government, finance, journalism, the military and academia. Each team is adept at locating hard-to-find public records and has built an extensive network of human sources on the ground in their region. On every project, we bring together the most relevant and experienced practitioners from across our business, creating teams designed to address unique problems and complex challenges.

Company Website: https://www.s-rminform.com/

Year Founded: 2005 

Headquarters: 4th Floor Beaufort House, 15 St Botolph Street, London, Greater London, EC3A 7DT 

Area of Focus: Corporate intelligence  

Member Quote: “Through our asset tracing work and enforcement advisory, we make sure a judgment or an award is not just a very expensive piece of paper, but a pathway to recovery.”

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John Freund

John Freund

Commercial

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Omni Bridgeway Posts Record Q3 FY26 Pipeline as A$391 Million in New Commitments Drives 2.5x Returns

By John Freund |

Omni Bridgeway has reported its Q3 FY26 portfolio update, headlined by an exclusive term sheet pipeline of more than A$600 million — roughly twice the firm's average quarterly pipeline — alongside A$391.8 million in new commitments contracted across 27 investments year-to-date. The Sydney-listed funder, which manages A$5.5 billion in assets across ten funds and operates from more than 20 offices in 15 countries, framed the update as a sign of accelerating deployment and capital formation.

According to GlobeNewswire, the firm has recorded 59 full and partial completions year-to-date, generating A$268.4 million in cash investment proceeds at a 2.5x multiple on invested capital and a 108% fair value conversion ratio. Operating expenses of A$51.2 million remain on track to land below the firm's A$80 million FY26 budget, while management fees of A$27 million are tracking toward an upgraded A$35 million full-year target.

On the capital side, Omni Bridgeway said the full and final close of Funds 4/5 Series II remains on track for FY26, and that more than A$150 million in additional sidecar and overflow capital structures are at advanced diligence stages. The combination of an unusually deep pipeline, strong realizations, and disciplined cost performance positions the funder to defend its narrative of platform scale at a moment when listed peers are under pressure on both fundraising and case-realization timelines.

Jonathan Sablone Launches Sablone Advisory LLC, a Boutique Law and Advisory Firm Focused on Litigation Finance

By John Freund |

Jonathan Sablone, a commercial disputes attorney with three decades of cross-border, financial services, and litigation finance experience, has launched Sablone Advisory LLC — a Boston-based boutique positioned to serve claimants, funders, and insurers across the legal finance ecosystem under the tagline "at the intersection of law and finance™."

According to Sablone Advisory LLC, the new firm offers underwriting, diligence, monitoring, and asset management services to litigation funders and to insurers offering contingent risk products. On the claimant side, Sablone Advisory works with plaintiffs and their counsel to position cases for funding, including packaging case portfolios for cross-collateralized funding and insurance wrappers — services that have become increasingly central as funders and insurers structure deals across multiple matters and risk layers.

"I founded Sablone Advisory to assist clients with the most intractable problems and issues facing the legal finance industry," said Sablone in announcing the launch. "'At the intersection of law and finance' is not just a slogan, but a practical, commercial approach to legal problem-solving that I have practiced for decades."

The launch reflects a continuing trend in the litigation finance industry: senior practitioners with capital-markets and complex-litigation backgrounds spinning out of large institutional platforms to offer specialized, independent advisory and underwriting services. As funders increasingly structure portfolio-level deals, layer ATE and contingent risk insurance into capital stacks, and pursue cross-border recoveries, demand for senior independent diligence and asset management — particularly from professionals fluent in both legal strategy and structured finance — has grown.

For claimants and their counsel, the firm's case-positioning services are likely to resonate in a market where funders are increasingly selective about case quality, structure, and counsel pedigree. For funders and insurers, an independent boutique offering monitoring and asset management — separate from origination — represents the kind of service-provider infrastructure that more mature alternative-asset markets typically develop as they scale.

Inquiries can be directed to Jonathan Sablone at jsablone@sabloneadvisory.com or via www.sabloneadvisory.com.

Colorado HB 1421 Targets PE and Non-Attorney Funding of Law Firms in Bipartisan Push

By John Freund |

Colorado lawmakers have introduced HB 1421, a bill that would sharply restrict the ability of state law firms to enter financial or contractual arrangements with alternative business structures (ABS) and any entity in which non-attorneys hold ownership stakes or exert direction over legal practice. The bill is notable both for the reach of its restrictions and for the unusual coalition behind it.

As reported by The Sum and Substance, the legislation is sponsored by Democratic Rep. Javier Mabrey of Denver and Republican House Minority Leader Jarvis Caldwell of Monument, with active support from the Colorado Chamber of Commerce and the Colorado Trial Lawyers Association — typically opposing forces in business-litigation policy debates. The bill was scheduled for its first hearing before the House Judiciary Committee on April 29.

HB 1421 would prohibit Colorado law firms from entering arrangements with ABS-style structures relating to legal services, practicing in professional companies where non-lawyers own interests or direct lawyer judgment, or compensating any party where compensation depends on a percentage of legal fees or case recoveries. The bill would also empower courts to halt offending arrangements, order fee reimbursement to clients, and disgorge ABS profits derived from prohibited activities. The article specifically references Burford Capital's litigation funding presence in framing the bill's broader policy concern with non-lawyer financial stakes in legal outcomes.

The legislation lands at a moment when private equity ownership of legal services is expanding rapidly in jurisdictions that permit it — Arizona, Utah, and the District of Columbia — and where PE-backed national platforms are increasingly partnering with firms in non-ABS jurisdictions to extend their operating reach. The Colorado bill, if enacted, would cut against that expansion model by restricting how Colorado firms can collaborate with out-of-state, non-attorney-owned platforms.

For the litigation finance community, the bill is a meaningful data point. Although disclosure-based reform has dominated state-level TPLF debate in 2025-26, HB 1421 reflects a parallel and somewhat different policy thrust: not transparency about funding, but structural limits on the ownership and economic relationships that surround legal practice. The convergence of plaintiffs' bar and chamber-of-commerce support behind a single bill is itself rare, and may presage similar coalitions in other non-ABS states facing PE-driven consolidation pressure.