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Litigation Funder LegalPay Closes Rs 12 Crore Interim Financing Bond

September 12, 2023

Litigation Funder LegalPay Closes Rs 12 Crore Interim Financing Bond

LegalPay, India’s first and largest player in the legal financing industry, has announced the successful closure of its Rs 12 crore Interim Financing Bonds. This innovative investment instrument in the fixed income category, which was launched earlier this year in January, boasts a remarkable coupon rate of 14% compounding annually. “We are thrilled to celebrate the success of our Interim Financing Bonds and our contribution to the economic revitalization of companies like Lavasa Corporation,” said Mr. Kundan Shahi, Founder & CEO at LegalPay. “We are proud to have successfully closed our Interim Financing Bonds, but our true pride lies in the impact we create in the legal & insolvency ecosystem and the value we create for our investors and our clients. We are here to alleviate financial burdens, mitigate risks, and ensure that justice prevails.” The bond has set new standards in the financial industry by realizing its opportunity in an impressive timeframe of just eight months despite having an original tenure of 36 months with a callable feature. LegalPay’s Interim Financing Bonds represent a paradigm shift in the world of investments, offering a unique opportunity to investors and companies alike. The funds raised through this visionary initiative have been strategically employed to support Lavasa Corporation, a prominent player in the infrastructure sector. The National Company Law Tribunal (NCLT) approved the resolution plan of Darwin Platform Infrastructure Limited (DPIL), which offered Rs 1,814 crore to the creditors and homebuyers of Lavasa. Raj Infrastructure Development India, one of Lavasa’s creditors, filed a bankruptcy petition against the company after it failed to meet its payment obligations. The petition was approved in August 2018. Notably, LegalPay’s unwavering commitment to a rigorous underwriting process played a pivotal role in mitigating the perceived risks associated with this opportunity. In the face of skepticism, LegalPay’s cutting-edge technology and AI-driven analysis, combined with its diligence and expertise, prevailed, resulting in the rapid realization of this investment. This remarkable success in just 8 months stands as a testament to LegalPay’s strong underwriting, powered by advanced technology, and its dedication to delivering outstanding results to its investors. However, LegalPay’s impact extends far beyond this successful bond closure. LegalPay is dedicated to providing critical capital to companies undergoing insolvency, breathing new life into struggling businesses, and fuellingeconomic growth. LegalPay’s innovative approach is revolutionizing the way companies navigate litigation challenges, alleviating their financial burdens and providing a lifeline for those seeking funding for their legal battles. About LegalPay Currently managing claims worth INR 2700Crores, LegalPay aims to manage INR 5000 Crores with its proprietary tech and AI by the end of FY 2025. This demonstrates the company’s dedication to substantially impacting India’s legal and financial landscape. With groundbreaking instruments like Interim Financing Bonds and a commitment to supporting companies in insolvency and financing legal claims, LegalPay is making a substantial impact on the Indian legal andfinancial landscape while creating quintessential value for both businesses and investors.
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Announcements Commercial

Burford’s Q2 Profits Surge on New Capital

By John Freund |

Burford Capital has delivered its strongest quarterly performance in two years, buoyed by a swelling pipeline of high-value disputes and a fresh infusion of investor cash.

A press release in PR Newswire reveals that the New York- and London-listed funder more than doubled revenue and profitability in the three months to 30 June 2025. CEO Christopher Bogart credited “very substantial levels of new business” for the uptick, noting that demand for non-recourse financing remains “as strong as we’ve ever seen.”

The stellar quarter follows a lightning-quick, two-day debt offering in July that raised $500 million—capital Burford says will be deployed across a growing roster of commercial litigations, international arbitrations, and asset-recovery campaigns. Management also highlighted significant progress in portfolio rotations, underscoring the firm’s ability to monetise older positions while writing new ones at scale. Investors will get a deeper dive when Burford hosts its earnings call today at 9 a.m. EDT.

Burford’s results arrive amid heightened regulatory chatter in Washington and Westminster, yet the numbers suggest the industry’s largest player is unfazed—for now—by talk of disclosure mandates and tax levies. The firm emphasised that its legal-finance, risk-management and asset-recovery businesses remain uncorrelated to broader markets, a pitch that continues to resonate with pension funds and endowments hunting for alternative yield.

For litigation-finance insiders, Burford’s capital-raising prowess and improving margins could have ripple effects: rival funders may face stiffer competition for marquee cases, while law-firm partners might leverage the firm’s deeper pockets to negotiate richer portfolio deals.

Announcements Commercial

International Legal Finance Association (ILFA) Announces End of Year Gala and Inaugural Legal Finance Awards

By John Freund |

 The International Legal Finance Association is pleased to announce its annual End-of-Year Gala Dinner on November 13, 2025.  The event will take place at The Law Society in London, bringing together leading figures from across the legal finance industry for an evening of celebration and reflection on the year’s achievements.  

The dinner will be accompanied by the inaugural Legal Finance Awards.  The awards are designed to recognize and honor excellence across the legal finance ecosystem. They will spotlight the achievements of funders, law firms, brokers, advisors, and other key contributors to the continued growth and innovation of the industry. Nominations for the awards are now open, with the nomination form available here. 

“The Gala Dinner is a chance for our members and guests to gather in person and celebrate the progress we've made over the year,” said Rupert Cunningham, Global Director of Growth and Membership Engagement at ILFA. “We are especially excited to launch the Legal Finance Awards, which will shine a light on the outstanding work and impact of professionals across our field.”

Tickets for the Gala are on sale now, with discounted pricing available for ILFA members.  More information can be found here.

Announcements Commercial Legal Innovation

Sentry Expands Free Funding Market Search for Litigators

By John Freund |

Sentry Funding’s free tool enabling litigators to instantly search the funding market on behalf of clients has been expanded.

Sentry’s free ‘decision in principle’ feature enables lawyers to evidence to clients that they have conducted a broad market search, even if funding is not ultimately taken out.

Having deployed £125m in funding across a range of case types, Sentry now has access to an even broader funding marketplace, covering 34 global jurisdictions. Finance is provided by 13 funders, five of which are members of the Association of Litigation Funders.

With the recent addition of Sentry’s first US-based funder, the US offering will now be expanding over the next few months. 

A faster process

Sentry has deployed the latest technology to make the search for funding even easier. 

  • The intuitive application process now only asks questions relevant to previous answers, saving lawyers time.
  • The commercial marketplace has been redeveloped with 63 new data points added to the funder criteria matrix - improving the accuracy of case / funder matching
  • Sentry has also begun building out its AI capabilities, starting with an automated auditing tool for live case progression audits. 

Tom Webster, chief executive officer at Sentry Funding, said:

‘By broadening our reach and speeding up the process, we’re making it even easier for lawyers to raise funding. We’re also giving litigators an easy way to show clients they have fully researched the market, rather than just approaching one or two funders. 

‘The service is free to use, so even if clients decide they do not ultimately want funding or if none is available for that case, for the lawyer, it makes sense to use our “decision in principle” feature, so they can put evidence on file that they did check the market.’

Sentry Funding is an SaaS (software as a service) technology provider that gives solicitors access to a diverse marketplace of litigation funders. It works with solicitors, funders and third-party providers to ensure claimants are getting the most efficient service for their funding needs. 

The Sentry Portal also acts as a case management system that runs a transparent digital case file for solicitors, funders, after-the-event insurance providers, barristers, cost lawyers and other relevant third parties.