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LegalPay aims to double litigation funding AUM to $1B by end of 2024

LegalPay, India’s leading litigation funding company, today announced it has successfully managed claims worth USD 400 million since 2020 empowering over 1,000 businesses to recover their pending dues and navigate legal complexities. Building on this momentum, LegalPay aims to more than double the claims under management at USD 1 billion and add 4000 new cases every month by the end of calendar year 2024.


“Reaching this significant milestone fills us with immense pride, and we are humbled by the positive impact we havemade on over 1,000 businesses and the 40,000 disputes wehave helped navigate. It reflects our commitment to empowering businesses with innovative financial solutions to manage their legal challenges,” said Kundan Shahi, Founder & CEO of LegalPay.

Fueling this growth is LegalPay’s unwavering commitment to technological advancements. The company’s proprietary risk assessment algorithm fosters balanced risk management for funded cases, while the groundbreaking notice automation system allows for the effortless dispatch of up to 20,000 notices with a single click.

LegalPay recently launched QuickSettle, a complimentary service to its core litigation funding offering. This innovative solution provides creditors with immediate access to their pending dues, bolstering their working capital and providing much-needed liquidity. At the same time, debtors benefit from the flexibility of no-cost EMIs, facilitating dispute resolution without compromising their financial stability.

QuickSettle is proving to be a game-changer for MSMEs & SMEs, helping them streamline their collections and recovery issues. By avoiding litigation costs for businesses, QuickSettle is not only saving money but also time and resources. The user-friendly technology behind QuickSettle will play a crucial role in facilitating the pending dues for businesses and help them automate & digitalize their collections.

Founder & CEO Kundan Shahi commented, “At LegalPay, our mission has always been to empower businesses and provide them with the tools they need to thrive. With QuickSettle, we’re taking a giant leap forward in achieving this goal. By revolutionizing the debt recovery process and minimizing the financial strain on both creditors and debtors, QuickSettle epitomizes our commitment to innovation and client-centric solutions.”

LegalPay is committed to fostering a legal ecosystem where businesses can access justice and manage litigation effectively, ultimately contributing to a stronger and more equitable economic environment.

About LegalPay

LegalPay is India’s leading litigation funding company, enabling businesses to recover their pending dues and manage legal challenges with innovative financial solutions and advanced technology. Through an unwavering commitment to innovation, LegalPay offers a suite of solutions, including traditional litigation funding and the recently launched QuickSettle, that enable businesses to recover pending dues and achieve sustainable growth. With $400 Million in claims under management, LegalPay is reshaping the way businesses approach and conquer legal challenges.

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Announcements Commercial People Moves

Victory Park Capital Expands Legal Credit Team, Welcomes Hugo Lestiboudois as Principal

By Harry Moran and 4 others |

Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Hugo Lestiboudois has joined the firm as Principal. Mr. Lestiboudois, who brings over 10 years of experience in developing and operating legal finance strategies, will work alongside Richard Levy, VPC CEO, CIO & Founder, and Chad Clamage, Managing Director, to advance the firm’s legal credit strategy.

“We welcome Hugo to the firm with great excitement,” said Levy. “I am confident that his experience will help us unlock further momentum in the rapidly expanding market for legal investing and address the growing demand for innovative funding solutions.”

VPC’s legal credit team, comprised of veteran litigators, legal finance investors, and seasoned private credit professionals, takes an asset-backed lending approach to the legal asset class, emphasizing downside protection and current income streams. With its deep expertise and extensive industry relationships, VPC is well-positioned to capitalize on market inefficiencies and pursue opportunities across the full spectrum of legal asset types and structures.

“I am thrilled to join the VPC team and help further scale the legal credit strategy,” Lestiboudois said. “With a highly diversified portfolio of asset-backed legal assets and robust risk management controls, VPC’s disciplined and innovative approach creates resilience against market volatility and enables us to excel in the legal credit market.”

Previously, Mr. Lestiboudois was a principal at Syz Capital where he oversaw the firm’s legal finance strategies. Prior to that, Mr. Lestiboudois led the Illiquid Investments Desk at IVO Capital Partners where he focused on European distressed and structured credit transactions. Earlier in his career, Mr. Lestiboudois focused on asset-backed financing in his role at AgFe and held analyst positions at Capital Management and BlackRock.

About Victory Park Capital

Victory Park Capital Advisors, LLC (“VPC” or the “Firm”) is a global alternative asset manager that specializes in private asset-backed credit. In addition, the Firm offers comprehensive structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets. The Firm was founded in 2007 and is headquartered in Chicago. In 2024, VPC became a majority-owned affiliate of Janus Henderson Group. The Firm leverages the broader resources of Janus Henderson’s 2,000+ employees across offices in 24 cities worldwide. VPC is a Registered Investment Advisor with the SEC. For more information, please visit www.victoryparkcapital.com.

Announcements Consumer

Legal-Bay Pre-Settlement Funding Announces Additional Capital for Wrongful Termination Cases Due to Sexual Harassment and Sexual Abuse

Legal-Bay LLC, The Lawsuit Settlement Funding Company, reports today that they have set aside a large portion of their pre-settlement cash advance funding capital specifically for plaintiffs of sexual harassment cases. Legal-Bay has vast experience with unlawful termination and wrongful unemployment lawsuits related to sexual harassment and retaliation, as well as racial, gender, or age-related discrimination, whether in the office or elsewhere. Based on recent court case filings, the premier funding firm anticipates even more wrongful termination lawsuit filings to come.

Legal-Bay delivers financial assistance to people who've recently found themselves unlawfully unemployed, providing cash advances to plaintiffs while their cases are tied up in litigation. Sadly, sexual harassment is all too common in corporate workspaces, and if a person on the receiving end of it loses their job because of it, loss of pay or benefits can add financial stress to an already emotional situation. Lawsuit loans can offer a bit of monetary help during a trying time.

Chris Janish, CEO, commented, "While it's disconcerting to see an increase in sexual harassment filings, it's heartening to know that people aren't hesitating to file suit against their offenders. Many unlawfully terminated victims are unable to get new jobs right away, and sometimes a cash advance from Legal-Bay is the only way to pay the bills."

If you're an attorney or plaintiff in an ongoing wrongful termination, sexual abuse, sexual harassment, retaliation, racial, age, or gender discrimination lawsuit and require an immediate cash advance lawsuit loan from your anticipated lawsuit settlement, please visit our website HERE or call 877.571.0405.

Legal-Bay is an advocate for victims involved in sexual misconduct, sexual harassment, and sexual abuse cases. Their settlement loan programs offer immediate cash in advance of a plaintiff's anticipated monetary award for many other types of sex crime cases such as clergy or Catholic Church sexual abuse cases, prison rape cases, police brutality, and more. The non-recourse lawsuit loans also help victims involved in unlawful termination and wrongful unemployment lawsuits, personal injury lawsuits, car and truck accidents, commercial litigation, verdict or judgment on appeal cases, medical malpractice, and more.

Legal-Bay's programs are non-recourse lawsuit cash advances—sometimes referred to as loans for lawsuits or loans on settlement—and are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit loans aren't really a loan, but rather a cash advance.

Legal-Bay has some of the quickest turnaround in the industry, normally getting plaintiffs cash-in-hand within 48-hours of filing an application. If you require money now, please visit the company's website HERE or call 877.571.0405 where skilled agents are standing by. 

Announcements Commercial Regulatory Issues

International Legal Finance Association (ILFA) Statement in Opposition to Forced Disclosure Legislation

By Harry Moran and 4 others |

Today, the International Legal Finance Association is announcing its opposition to the Litigation Transparency Act of 2025, which would force public disclosure of all financing in civil cases in federal courts. 

The sweeping nature of the bill would harm small-scale inventors, startups, small and family-owned businesses, and individual Americans who partner with legal funders because they otherwise would not have the resources to assert their rights, protect their property, and defend their livelihoods.  This bill would force disclosure of the sensitive details of their legal strategies and is a blatant attempt to further tilt the legal system in favor of the biggest corporate players resulting in a dramatic reduction in civil litigation against them.  This bill would also partially nullify liability for America’s largest tech and insurance companies. 

Paul Kong, Executive Director, said: 

“The effect of the legislation is devastating to the economic health of our nation and the Rule of Law. The bill would harm small businesses that have been wronged by large corporations and are seeking redress in court. There should never be a financial barrier to entry to civil litigation, and if this law is enacted, that is exactly what will happen. Only the litigants with enough money to support large professional legal teams for months of litigation will have a chance to protect their intellectual property from Big Tech’s infringement or to force Big Insurance to pay rightful claims. It is no surprise that the US Chamber of Commerce, the country’s largest insurance industry groups, and Big Tech have expressed support for the bill, as they all stand to benefit from a system like that. They are eager to preserve their ability to wield massive legal teams and resources to bully those they have harmed. 

This bill is a harmful solution in search of a problem. Courts already have the authority to order disclosure of financing when relevant and are in the best position to determine the relevancy of any financing agreement to the merits of the litigation. In the overwhelming majority of cases, courts have held that the details of legal finance agreements are not relevant to the underlying merits of cases and should be protected rather than turned over to the opposition in litigation. 

The bill’s corporate champions are trying to scare up support by invoking the specter of malign foreign actors exploiting our legal system but they cannot cite any actual examples of this threat materializing, with good reason. As civil litigation experts have noted repeatedly, existing law, court rules, and ethical guidelines provide litigants ample ability to maintain control of their cases and ensure attorneys don’t breach their duties of loyalty and confidentiality. Courts and corporate defendants themselves are also equipped to guard against the release of sensitive information, including through the issuance of a protective order. Lawmakers should oppose this effort and instead stand with small businesses to defend our free enterprise system. 

ILFA opposes the Litigation Transparency Act and will seek to educate the Members of the Judiciary Committee and the House of Representatives on the dangers of this legislation and the true motives of its proponents.” 

About the International Legal Finance Association 

The International Legal Finance Association (ILFA) represents the global commercial legal finance community, and its mission is to engage, educate and influence legislative, regulatory and judicial landscapes as the voice of the commercial legal finance industry. It is the only global association of commercial legal finance companies and is an independent, non-profit trade association promoting the highest standards of operation and service for the commercial legal finance sector. ILFA has local chapter representation around the world. 

For more information, visit www.ILFA.com and find us on LinkedIn and X.