A top-tier litigation finance firm has achieved a significant milestone by becoming a member of the prestigious European Litigation Funders Association (ELFA).
This development marks a strategic move for Nera Capital as it continues to solidify its position as a key player in the global litigation funding market.
With its headquarters in Dublin, along with offices in Manchester and The Netherlands, the company has earned a reputation for delivering innovative financial solutions and cutting-edge technology across a diverse range of claim types.
The company’s portfolio includes high-volume consumer disbursement funding in the UK and substantial commercial claims in both Europe and the USA.
This strategic membership in ELFA underscores Nera Capital’s commitment to fostering ethical and effective litigation funding practices.
The ELFA is a collective of like-minded professionals from the litigation funding industry whose management committee is formed by representatives from the original founding companies, Deminor, Nivalion and Omni Bridgeway.
To become a member, firms need to have demonstrated excellence in the sector and a proven track record of deploying a significant amount of capital into the market.
Aisling Byrne, Director at Nera Capital, expressed her delight at this milestone, stating: “We are very pleased to join the European Litigation Funders Association.
“As a member, we look forward to collaborating with industry peers, sharing our wealth of experience, and contributing to the advancement of ethical and effective litigation funding practices across Europe.
“It positions us to advocate for transparency and promote higher industry standards that benefit all stakeholders involved. We believe our involvement will drive positive change and reinforce the essential role of litigation funding in delivering access to justice.”
Nera Capital’s membership in ELFA comes at a pivotal time when the litigation funding market is experiencing rapid growth.
By aligning with ELFA, Nera Capital is poised to play a crucial role in shaping the future of the industry, and the importance of litigation funding.
Wieger Wielinga, Managing Director of Omni Bridgeway and Chairman of ELFA, welcomed the company’s membership, noting the significance of their inclusion:
“With its roots in Ireland, the only Common Law EU country, Nera Capital operates in several EU jurisdictions as well as the UK.
“ELFA is thrilled to have another experienced funder on board, further enabling us to develop best practices for assisting claimants, insolvency trustees and consumer organisations and law firms across Europe.
“The addition of Nera to ELFA will also enhance our ability to advocate for the funding industry and its invaluable role in delivering access to justice across Europe.”
About Nera Capital:
· Established in 2011, Nera Capital is a specialist funding provider to law firms.
· Provides Law Firm Lend funding across diverse claim portfolios in both the Consumer and Commercial sector.
- Headquartered in Dublin, the firm also has offices in Manchester and The Netherlands.
· Nera Capital is dedicated to facilitating the setup of class actions and group actions to promote equitable access to justice for individuals and interest groups. With a proven track record, Nera Capital has spearheaded numerous impactful claims, empowering clients to achieve legal redress in cases such as Housing Disrepair Claims, where vulnerable claimants lack the means to address their grievances effectively. Additionally, Nera Capital has played a pivotal role in supporting claims like the Trucking Cartel case in Europe, assisting in exposing evidence of anti-competitive behaviour by manufacturers. Through its strategic interventions and advanced AI capabilities, Nera Capital continues to champion fairness and accountability in the legal landscape.
About The European Litigation Funders Association (ELFA):
· ELFA was founded by three leading litigation funders with a European footprint and today includes the vast majority of EU based litigation funders. ELFA was established to serve as the voice of the commercial litigation funding industry operating from within the EU member states. With the objective of representing the industry’s interests before governmental bodies, international organisations and professional associations, ELFA aims to act as a clearinghouse and reference for relevant information, research and data regarding the uses and applications of commercial legal finance within the European continent. ELFA aims to be inclusive for all professional litigation funders of larger or smaller size and to allow specific contributing market participants and academics as associate members.
