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Leading US firm Pogust Millrood merges into global firm PGMBM

December 1, 2021

Leading US firm Pogust Millrood merges into global firm PGMBM

Leading US mass tort and personal injury firm Pogust Millrood is to merge into the rapidly expanding international operation of global firm PGMBM.

Pogust Millrood LLC, one of the leading mass tort and personal injury firms in the US, will merge with sister firm, global powerhouse PGMBM, as of today (01 December 2021).

The merger will see the existing Pogust Millrood operation incorporated into the rapidly expanding PGMBM organisation, with a US operation that will now include offices in Philadelphia and Miami. Globally, PGMBM now boasts over 100 lawyers and 500 staff in countries including the US, the UK (London, Liverpool and Edinburgh), the Netherlands (Amsterdam) and Brazil (São Paulo and Belo Horizonte).

Pogust Millrood was founded in 2005 and for the last 16 years has focused on mass tort and consumer class actions. In 2010, the firm was named one of the top Plaintiffs’ Product Liability Firms of the Year by Law360. The award recognised Pogust Millrood as one of the top firms of the year garnering “substantial verdicts against pharmaceutical heavyweights” and obtaining “multi-million dollar verdicts for their clients”.

Pogust Millrood was class counsel and instrumental in the $1.15billion Pigford II settlement, where it assisted thousands of African-American farmers in claims that the US federal government had discriminated against them in applications to participate in agricultural programs. The firm played a critical role in the $1.4billion dollar settlement for victims of devastating side effects from the Stryker metal-on-metal Rejuvenate Modular-Neck and ABG II Modular-Neck hip implants. It is also currently lead counsel in the Pennsylvania-wide opioid litigation pending in Delaware County, Pennsylvania, helping deliver a settlement that could provide $1billion to affected communities.

PGMBM is a partnership between British, American and Brazilian lawyers passionate about championing justice for the victims of wrongdoing by large corporations. The firm is at the cutting edge of international consumer claims, including leading group cases against:

  • Mercedes, Volkswagen, and other automotive firms over diesel emissions scandals

  • British Airways and easyJet in cases related to breaches of personal data

  • Several of the world’s largest pharmaceutical companies over the harmful risks associated with their drugs and medical devices

PGMBM is also a leader in environmental litigation, leading proceedings on behalf of over 200,000 victims of two major Brazilian tragedies – the 2015 Mariana Dam disaster and the 2019 Brumadinho Dam disaster, litigating against mining giant BHP and German technical services firm TÜV SÜD respectively.

Harris Pogust, Pogust Millrood Partner and Chairman of PGMBM, said: “Over the last 15 years, we have developed Pogust Millrood into one of the top mass tort firms in the US. We have helped defend the rights of those who cannot defend themselves against the misdeeds of big business.

“Not long ago, I had the opportunity to start a sister firm, PGMBM, with an amazing group of lawyers, including an amazing barrister, Tom Goodhead, and trail-blazing Brazilian lawyers Tomás Mousinho and Pedro Martins.

“In four years we have grown PGMBM into a firm with more than 500 employees and counting across several countries. I am beyond proud of the work we are doing and will do in the future, representing the oppressed and those whose access to justice is difficult.

“Environmental tragedies, human rights violations and personal harm inflicted by some of the world’s largest corporations. The credo of PGMBM is to find justice for these people no matter how far we have to go to obtain that justice.

“As with anything in life people and law firms grow and change. This merger is the next step in that cycle. Now is the time to bring our amazing team at Pogust Millrood under the PGMBM umbrella and share our joint experiences and knowledge to help those in need of our assistance not just in the US but across the globe.”

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Harris Pogust Joins Bryant Park Capital as Senior Advisor

By John Freund |

Bryant Park Capital (“BPC”) a leading middle market investment bank and market leader in the litigation finance sector, is pleased to announce that Harris Pogust has joined the firm as a Senior Advisor.  Harris (Mr. Pogust) is one of the best known and prominent attorneys in the mass tort and class action fields, he was the founding partner and Chairman of Pogust Goodhead worldwide until early 2024 and is currently working with Trial Lawyers for a Better Tomorrow, a charity Harris founded, to help children reach their educational potential all over the world.  Harris’ life work has been to deliver justice for those who have been damaged or injured through the negligence or bad faith of others.

“We are thrilled to have Harris as part of our team.  His knowledge, experience and relationships in the litigation finance sector are of great value to Bryant Park and our clients.  As the litigation finance world becomes more competitive, complex and challenging, having an expert like Harris on our team is invaluable,” said Joel Magerman, Managing Partner of Bryant Park.

Harris’ efforts, in conjunction with Bryant Park will focus on assisting law firms and funders in developing strategies to more efficiently fund their operations and cases and assist them in establishing the right relationships for future growth.  Harris commented, “I have been fortunate to have been a practicing attorney and partner in law firms for over 35 years focused on building and growing a worldwide book of business in the class action/mass tort field.  That required significant capital and throughout my career I have raised over $1 billion for my firms.  I have learned what works and what doesn’t.  I have seen both the risks and rewards in this industry.  I look forward to being able to work with law firms and funders to assist them in putting the right strategies in place with Bryant Park and bringing capital and liquidity to help them grow and flourish.”

About Bryant Park Capital

Bryant Park Capital is an investment bank providing capital raising, M&A and corporate finance advisory services to emerging growth and middle market public and private companies. BPC has deep expertise and a diversified, well-founded breadth of experience in a number of sectors, including specialty finance & financial services. BPC has raised various forms of credit, growth equity, and assisted in mergers and acquisitions for its clients. Our professionals have completed more than 400 assignments representing an aggregate transaction value of over $30 billion.

For more information about Bryant Park Capital, please visit www.bryantparkcapital.com.

Announcements Commercial

Therium Capital Advisors Launched to Provide Litigation Finance Advisory Services

By John Freund |

Therium Capital Advisors (TCA) announced today the launch of its independent advisory services business dedicated to helping claimants, law firms and corporates to source, structure and secure litigation finance. TCA offers end-to-end support including funding strategy, investor engagement, financial modelling, deal structuring, ongoing case management and secondary market advisory. Based in London, the firm is advising on deals in the UK, continental Europe and Australia.

Therium Capital Advisors is led by litigation funding pioneer Neil Purslow and co-founded by investment banker Harry Stockdale. Neil has over 16 years of experience in litigation finance, raising capital and investing worldwide across all forms of litigation finance from single cases funding through to portfolio, corporate and law firm funding arrangements. Harry was previously head of UK M&A at investment bank Haitong with twenty years of experience in investment banking, advising law firms and litigation funders on complex financial transactions.  

TCA is the first advisory firm to provide clients with advisory services that are backed by a deep understanding of litigation finance investing coupled with the financial and transactional expertise of investment banking. Therium Capital Advisors bridges the gap between claimants, law firms and corporates on the one side and existing and new sources of institutional capital on the other.  Through the combined expertise of its founders, TCA opens up the investor universe that is available to clients and drives quality in the investment propositions, efficiency in the funding process and competition in the funding market.

TCA exclusively advises claimants, law firms and corporates, ensuring that it remains conflict-free.  The firm advises across the full range of legal assets including single case and portfolio funding, law firm financing, financing options for corporates and existing portfolios of legal assets.   

Neil Purslow, co-founder and Managing Partner of Therium Capital Advisors said: “We are at a pivotal moment in the development of the legal finance industry, given the relative paucity of traditional funding capital available.  However, we are seeing a shift towards new categories of investors in legal assets who want exposure to this uncorrelated asset class. By leveraging our unrivalled experience across both litigation funding and investment banking, we are assisting our clients to navigate this landscape with confidence, speed and understanding, and we provide them with access to a broader set of funding options and to meet their funding needs efficiently and cost effectively.”

Harry Stockdale, co-founder and Partner of Therium Capital Advisors said: “We are bringing an investment banking mind set to the litigation funding world which has developed largely without the benefit of specialist advisors. This professionalisation of the funding process will make the sector more efficient and accessible to a wider audience of investors in addition to the traditional litigation funders. We are already seeing the benefit of this, for both clients and investors alike, and is part of the maturing of litigation finance as an asset class.”

Therium Capital Advisors provides the following services to claimants, law firms and corporates:

  • Deal Preparation: Preparing funding propositions to be investment-ready.
  • Capital Sourcing: Identifying and engaging with suitable funders and capital providers from across the spectrum of legal assets investors.
  • Financial Modelling and Analysis: Providing robust financial modelling and scenario analysis to evaluate deal structures and model returns.
  • Investor Materials and Outreach: Advising on the preparation of investor-facing materials and documentation, inserting rigour and discipline to ensure efficiency in the funding process.
  • Co-Funding: Advising on the identification and engagement of potential co-investors to optimise risk-sharing and capital raising.
  • Negotiating Funding Terms: Leading negotiations with investors to secure terms which balance commercial viability with the interests of the funded party.
  • Deal Structuring and Documentation: Advising on deal structures and overseeing the drafting and execution of all relevant documentation.
  • Post-Funding Case Management: Providing ongoing monitoring, reporting, and servicing support post-funding on behalf of the claimant, to manage risks and support positive case outcomes.
  • Secondary Market Advisory: Advising on secondary transactions of existing legal assets including sub-funding arrangements and exits.

More information can be found at: www.therium.com/theriumcapitaladvisors

Announcements Commercial

Gryphon Law Launches as Contingency-Fee Firm for International Disputes

By John Freund |

A new player is entering the international disputes arena—this time with a distinct twist on legal funding. Gryphon Law has officially launched as the first law firm globally to specialize in contingency-fee representation for cross-border disputes.

Gryphon Law aims to offer an alternative to third-party litigation funding by shouldering the cost of legal claims in return for a share of the outcome. Based in New York and with plans to expand into London and Miami, the firm targets clients who might otherwise turn to traditional funders, offering instead to partner with them directly through performance-based fee structures.

The firm was founded by John Templeman, a seasoned international disputes attorney qualified in New York, England & Wales, and Australia, who previously held roles at leading global law firms. Templeman has assembled a multilingual team capable of handling the full lifecycle of international litigation and arbitration in English, Spanish, and French—from initiation to enforcement. Co-founding the venture is Daura Dutour, an 18-year disputes veteran with experience in the U.S., France, and Haiti, supported by three additional associates.

Templeman stated: "I believe there's a real opportunity in the market to provide clients with an appealing alternative to third party funding, particularly in the sub-US$30 million value range below where many of the funders operate. I've been fortunate to assemble a world-class team of disputes lawyers who share this vision – we're looking forward to contributing to this rapidly evolving field.”

Gryphon Law’s business model suggests a more vertically integrated approach to litigation finance—embedding the funder role within the law firm itself. For clients, this could mean greater alignment of interests, fewer intermediaries, and possibly reduced costs when compared to traditional third-party funding arrangements.