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Member Spotlight: Wendie Childress

Member Spotlight: Wendie Childress

Wendie Childress is an experienced commercial trial lawyer and litigation funder with an extensive and deep network across the U.S. legal and funding market. She joined Westfleet Advisors in 2023 after years of working with funding pioneers at Validity Finance and well over a decade of practicing commercial litigation at powerhouse boutique Yetter Coleman, one of the nation’s premier boutique trial law firms.
In her private practice, Wendie had a winning track record representing both plaintiffs and defendants in commercial disputes across a variety of industries, including energy, financial services, healthcare, and IT. She graduated with Honors from the University of Texas at Austin, where she earned her JD in 2000. She then served for two years as General Counsel to the Texas Senate Committee on Business and Commerce. Wendie has been named to the Lawdragon “Global 100 Leaders in Litigation Finance” list and a “Houston Top Lawyer” in Business & Commercial Litigation by H Texas Magazine. She is a member of the State Bar of Texas, Texas Bar Foundation, Houston Bar Association, and Women of Litigation Finance Steering Committee. Company Name and Description:  Westfleet Advisors is the most experienced litigation finance advisory firm in the world. Our core mission is to make litigation finance work better for lawyers and their clients by equipping them with the transparency, expertise, and resources they need to secure the best terms with the right capital partner. Company Website:  https://www.westfleetadvisors.com/ Year Founded: 2013 Headquarters: Nashville Area of Focus: As Managing Director and Counsel in the Westfleet Advisors Houston office, Wendie works directly with clients and their counsel in evaluating opportunities for litigation finance transactions and advising and shepherding them through all stages of the process to ensure that they get the best possible experience and terms. Member Quote: “As a former trial lawyer and member of the litigation funding community, I have seen firsthand the need for balanced access to justice for all litigants and how funding presents an innovative and valuable way to mitigate risk and bring good cases to trial. I am so impressed with the quality of counsel and professionals within the litigation funding industry who are a pleasure to work with and eager to partner with firms and help clients succeed. I also see sweeping changes across the industry as it matures and evolves with intra-market movement, new entrants appearing daily, and new and creative solutions being derived to meet the market’s changing needs. As a member of the Westfleet team, my goal is to help clients and their counsel navigate this dynamic industry to have successful outcomes with their funding experience and ultimately, their cases.”

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Trucking Industry Backs Federal Liability Bill Amid Litigation Funding Concerns

A bicameral bill introduced in Congress would bar liability claims premised on vehicle safety standards stricter than those set by federal regulators, and has drawn support from a trucking and insurance coalition that counts third-party litigation funding among the pressures driving up its costs.

As reported by Transport Topics, the Uniform Vehicle Safety Standards Act was introduced on August 6 by Rep. Mike Flood of Nebraska, joined by Reps. David Rouzer, Jay Obernolte and Jake Ellzey, with a Senate companion from Sens. Deb Fischer and Cynthia Lummis. The measure would amend Title 49 of the U.S. Code to prohibit common law claims alleging that a vehicle should have met standards exceeding those established by the National Highway Traffic Safety Administration.

"In recent years, we've seen a sharp rise in lawsuits awarding damages based on state standards instead of the federal safety standards trucking companies are already required to meet," Flood said. Alex Rosen of the American Trucking Associations argued that where NHTSA has determined a standard strikes the right balance, "that expert determination should carry greater weight than hindsight judgments."

The bill itself contains no litigation funding provisions. Funding enters through the coalition assembled behind it, which includes the American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies alongside nine trucking organizations and Werner Enterprises. Research from the American Transportation Research Institute cited in the piece identifies third-party litigation funding and staged accidents as evolving legal threats to carriers, and links excessive litigation to insurance premiums that have climbed 36% over eight years.

For funders, the significance is positional rather than legal. The trucking sector has become one of the more organized constituencies pressing for disclosure and restriction at the state level, and preemption bills of this kind widen the front without naming the industry directly.

Conservative Columnist Argues Litigation Funding Limits Would Disarm the Right

A guest column published this week makes a right-of-center case against pending federal restrictions on third-party litigation funding, arguing that the measures would strip conservative activists and small business owners of the capital they need to litigate against better-resourced opponents.

Writing in The State Journal, Drew Johnson takes aim at the Protecting Our Courts From Foreign Manipulation Act, led by Rep. Ben Cline of Virginia, and at Senator Thom Tillis's proposal to impose a punitive tax on litigation funding proceeds. Johnson is a senior fellow at the National Center for Public Policy Research and the 2026 Republican nominee for Nevada State Treasurer.

His central argument is that the bill's stated purpose, preventing foreign governments from bankrolling harassment suits, is already served by existing mechanisms including CFIUS review and judicial discretion, leaving the new disclosure requirements to do work their sponsors did not intend. Broad disclosure obligations, he contends, would deter funders from backing cases at all, and the resulting shortfall would fall hardest on plaintiffs without institutional balance sheets behind them.

Johnson illustrates the point with Jack Phillips, the Colorado baker who lost an estimated 40% of his income during years of litigation before prevailing at the Supreme Court with backing from Alliance Defending Freedom. Absent outside support, he writes, Phillips "could have easily been forced to surrender."

The column is notable less for its policy analysis than for its author. Litigation funding restrictions have advanced largely on Republican votes, and the industry's defenders have generally come from the plaintiffs' bar. Johnson's framing, that citizens facing wealthy opponents should not be forced to fight alone, is an attempt to contest that ground.

Five Years On, Arizona’s ABS Data Shows No Systemic Ethical Breakdown, Article Argues

An article published in the Arizona State University Corporate and Business Law Journal argues that five years of operating data under Arizona's Alternative Business Structure framework has not produced the ethical failures its opponents predicted, and that the debate is moving from theoretical objections to observable outcomes.

Writing in the ASU Corporate and Business Law Journal, Alex Chucri traces the framework to August 2020, when Arizona became the first state to eliminate ABA Model Rule 5.4 and permit non-lawyer ownership of law firms, with the ABS regime taking effect on January 1, 2021 under Arizona Supreme Court order R-20-0034. The central claim is structural: the state did not remove oversight so much as replace blanket prohibition with licensing, compliance obligations and regulatory accountability. Non-lawyers may hold equity, share profits and participate in management, but only under Supreme Court supervision, with approved compliance counsel, reporting procedures and audit requirements.

The article marshals the program's numbers. Licenses grew from two approvals in 2020 to 15 in 2021 and 25 in each of 2022 and 2023, reaching approximately 150 licensed entities by March 2026, with 114 ABSs actively operating during 2024. No ethics complaints were filed against ABS entities in the program's first three years; the first arrived in 2024, when the State Bar initiated disciplinary action involving two ABS-affiliated attorneys. A preliminary analysis of 2024 disciplinary actions, which the author acknowledges is limited by incomplete ABS staffing data, suggests ABS-affiliated lawyers faced discipline at a rate well below the broader Arizona attorney population.

Readers should weigh the source. Chucri is founder and CEO of Pravati Capital and in 2024 founded 1787 Legal Group, the Scottsdale ABS the article offers as its case in point. The argument nonetheless lands at a moment when several states, Illinois among them this week, are moving in the opposite direction, and Arizona remains the only jurisdiction with a five-year record to argue from.