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Deminor further develops its litigation funding activities in Germany

Deminor further develops its litigation funding activities in Germany with the addition of Patrick Rode in Dusseldorf. Patrick Rode will bring experience and expertise in commercial, securities and antitrust litigation to further increase Deminor’s footing in the German litigation funding market.

Deminor is pleased to announce the appointment of Patrick Rode as Senior Legal Counsel. He will strengthen the team dedicated to the German litigation funding market already consisting of Felix von Zwehl, Dr. Malte Stübinger and Jasna Jarmuschke.

Patrick will be based in Dusseldorf and strengthens the German team in Brussels and Hamburg in Deminor’s continued approach to expand within the German market. Erik Bomans, CEO of Deminor: “After the opening of Deminor’s German office in Hamburg in 2021, the demand for Deminor’s litigation funding services in Germany continues to increase. We very much welcome the opportunity to bring Patrick on board and to now also have a presence in the western region of Germany known as the Rhineland.”

Patrick is an experienced commercial litigator who is admitted to the bar in Germany and who has worked on a broad range of domestic and multi-national disputes. His focus lies on cross-border post M&A-litigation and antitrust damages disputes, which are becoming increasingly relevant for Deminor’s business. Patrick comes with experience working for several renowned national and international law firms, most recently as an Associate with Latham & Watkins in the firm’s Litigation & Trial practice and as a Litigation & Disputes Partner with a medium-sized German law firm.

Patrick was recognised by the US publishing house Best Lawyers in the category „Ones to Watch 2023” in Litigation.

On joining Deminor, Patrick comments: “I am absolutely delighted to be joining a firm with such a great track record and growth rate. Litigation funding is still at a very early stage in Germany, and I look forward to promoting the benefits of third-party funding and especially the opportunities Deminor has to offer.”

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Announcements Consumer

Golden Pear Upsizes Corporate Note to $78.7M Amid Growth Plans

By John Freund |

Golden Pear Funding has extended and upsized its investment-grade corporate note to $78.7 million, further bolstering the firm's capacity to serve the expanding litigation finance sector. The New York-based funder, a national leader in both pre-settlement and medical receivables financing, said the proceeds will support working capital and fuel strategic growth initiatives.

A press release from Golden Pear outlines how the capital raise reflects continued investor confidence in the firm’s business model. CEO Gary Amos noted that the infusion is critical as Golden Pear seeks to scale alongside the “rapidly expanding litigation finance market.” CFO Daniel Amsellem added that the new funding aligns with the company’s capital allocation strategy, aimed at optimizing operational efficiency and executing strategic projects.

Brean Capital, LLC acted as the exclusive financial advisor and sole placement agent on the transaction.

Founded in 2008, Golden Pear has funded more than $1.1 billion to over 87,000 clients and remains one of the largest specialty finance companies in the U.S. Its business model spans legal case funding and medical receivables purchasing, with backing from a network of private equity partners that provide institutional support for continued expansion.

Announcements Regulatory Issues

LionFish Updates Model Documents in Response to CJC Report

By John Freund |

LionFish Litigation Finance Ltd has released a new suite of model litigation funding documents, updating its original set from February 2021. The revision comes on the heels of the Civil Justice Council's (CJC) Final Report on Litigation Funding, issued on 2 June 2025, which calls for a regulatory structure informed by best practices, including key principles published by the European Law Institute (ELI) in October 2024.

A LionFish press release details that the updated suite incorporates several of the ELI Principles (notably 4-12) and broader CJC recommendations, except where doing so would require legislative or procedural reform. LionFish's goal, according to Managing Director Tets Ishikawa, is not to dictate market norms but to foster industry-wide standardisation and efficiency. This proactive move is also intended to spark further collaboration between funders, insurers, and legal practitioners to develop trade practices akin to those in mature financial markets, such as those promoted by the Loan Market Association and the International Swaps and Derivatives Association.

The new suite includes three core documents: a litigation funding agreement, a priorities deed to define proceeds distribution, and an assignment deed for insurance benefits. Notably, LionFish has also added documentation for co-investment arrangements, reflecting a growing trend in syndicated funding deals. The funder has already closed seven such transactions.

Managing Director Tanya Lansky emphasised that while litigation funding remains complex, making documentation public enhances transparency and facilitates quicker deal closings—an essential factor for sustaining market growth.

As litigation finance continues to mature, this move by LionFish highlights a shift toward professionalisation and standardisation. With regulators increasingly focused on transparency and fairness, such initiatives may set a de facto benchmark for others in the industry. The question remains: will other funders follow suit, or will regulatory mandates be needed to compel alignment?

Announcements Commercial Legal Innovation

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By John Freund |

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The launch of Backlit Capital Solutions reflects a growing trend in the legal finance industry, where firms are expanding their services to address the multifaceted needs of legal claimants and their representatives. By offering a suite of services under one roof, Backlit Capital Solutions aims to streamline the funding process and provide tailored solutions to its clients.

As the legal finance landscape continues to evolve, the entry of firms like Backlit Capital Solutions underscores the increasing demand for specialized financial services in the legal sector. Their comprehensive approach may set a new standard for how legal finance consultancies operate, potentially influencing the strategies of existing and emerging players in the market.