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Therium Expands London Investment Team with Appointment of James Dobias

London, 22 October, 2019 – Therium Group Holdings Ltd., a leading provider of litigation finance globally with over $1 billion of assets under management, has added to its investment team in London with the appointment of James Dobias as an Investment Officer.

James joins Therium from Slaughter and May, where he advised on a broad range of complex commercial disputes, as well as white-collar and corporate investigations, including: High-value follow-on and standalone competition damages claims, including collective settlement negotiations with claimant law firms; Mass tort and other group claims across a number of sectors; Defending Aegis in High Court litigation alleging breach of warranty and fraudulent misrepresentation; Advising a FTSE 100 company on a fraud and asset tracing claim, involving considerations as to jurisdiction, location of assets and foreign enforcement risk; and Advising Rolls-Royce during its bribery and corruption investigations, including the negotiation of simultaneous deferred prosecution agreements with the UK Serious Fraud Office and the US Department of Justice.

James has also held senior commercial roles at SAM Labs, an internet-of-things electronics company, and online lawyer introduction service Lexoo.

Neil Purslow, Co-Founder and Chief Investment Officer of Therium, said: “James is a first class litigator with tremendous experience of working on very challenging, typically cross-border disputes with multiple stakeholders. His expertise and entrepreneurial flair fits perfectly with Therium and he will play a key role as we continue to see substantial demand for our litigation funding services globally. We are delighted that James has joined our investment team.”

James Dobias, Investment Officer, Therium Capital Management, said: “I have admired Therium for many years and been hugely impressed by its work, innovation and rapid growth across the world. It’s very exciting to be joining such a preeminent leader of the litigation finance industry.”

James is a graduate of the University of Oxford (First Class Honours in Philosophy, Politics and Economics (PPE)), where he came top of his year in Economics, and BPP Law School, where he achieved a Distinction in both the Graduate Diploma in Law and the Legal Practice Course.

Therium is one of world’s leading litigation financing firms. The firm has funded claims valued at £34 billion and has operations across Europe, including in the UK, Germany, Italy, Spain and Scandinavia, and in the USA and Australia.

Therium is ranked as a Tier 1 litigation funder in Chambers and Partners’ 2019 litigation support directory.

About Therium

Therium is a leading global provider of litigation, arbitration and specialty legal finance and has funded claims with a total value exceeding £34 billion.  The firm has investment teams in the UK, USA, Australia, Spain, Germany and Oslo, supplementing its resources in its corporate headquarters in Jersey, Channel Islands.  Therium has established a track record of success in litigation finance in all forms including single case litigation, group litigation and arbitration funding, funding law firms, funding portfolios of litigation and arbitration claims and monetising judgments and awards.  Therium has raised over $1 billion since its foundation, which includes the latest £325 million fund raised in March 2019.

www.therium.com

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Golden Pear Upsizes Corporate Note to $78.7M Amid Growth Plans

By John Freund |

Golden Pear Funding has extended and upsized its investment-grade corporate note to $78.7 million, further bolstering the firm's capacity to serve the expanding litigation finance sector. The New York-based funder, a national leader in both pre-settlement and medical receivables financing, said the proceeds will support working capital and fuel strategic growth initiatives.

A press release from Golden Pear outlines how the capital raise reflects continued investor confidence in the firm’s business model. CEO Gary Amos noted that the infusion is critical as Golden Pear seeks to scale alongside the “rapidly expanding litigation finance market.” CFO Daniel Amsellem added that the new funding aligns with the company’s capital allocation strategy, aimed at optimizing operational efficiency and executing strategic projects.

Brean Capital, LLC acted as the exclusive financial advisor and sole placement agent on the transaction.

Founded in 2008, Golden Pear has funded more than $1.1 billion to over 87,000 clients and remains one of the largest specialty finance companies in the U.S. Its business model spans legal case funding and medical receivables purchasing, with backing from a network of private equity partners that provide institutional support for continued expansion.

LionFish Updates Model Documents in Response to CJC Report

By John Freund |

LionFish Litigation Finance Ltd has released a new suite of model litigation funding documents, updating its original set from February 2021. The revision comes on the heels of the Civil Justice Council's (CJC) Final Report on Litigation Funding, issued on 2 June 2025, which calls for a regulatory structure informed by best practices, including key principles published by the European Law Institute (ELI) in October 2024.

A LionFish press release details that the updated suite incorporates several of the ELI Principles (notably 4-12) and broader CJC recommendations, except where doing so would require legislative or procedural reform. LionFish's goal, according to Managing Director Tets Ishikawa, is not to dictate market norms but to foster industry-wide standardisation and efficiency. This proactive move is also intended to spark further collaboration between funders, insurers, and legal practitioners to develop trade practices akin to those in mature financial markets, such as those promoted by the Loan Market Association and the International Swaps and Derivatives Association.

The new suite includes three core documents: a litigation funding agreement, a priorities deed to define proceeds distribution, and an assignment deed for insurance benefits. Notably, LionFish has also added documentation for co-investment arrangements, reflecting a growing trend in syndicated funding deals. The funder has already closed seven such transactions.

Managing Director Tanya Lansky emphasised that while litigation funding remains complex, making documentation public enhances transparency and facilitates quicker deal closings—an essential factor for sustaining market growth.

As litigation finance continues to mature, this move by LionFish highlights a shift toward professionalisation and standardisation. With regulators increasingly focused on transparency and fairness, such initiatives may set a de facto benchmark for others in the industry. The question remains: will other funders follow suit, or will regulatory mandates be needed to compel alignment?

Backlit Capital Solutions Launches Legal Finance Consultancy

By John Freund |

Backlit Capital Solutions has announced the launch of its full-service legal finance consultancy. The firm aims to provide comprehensive funding solutions for legal claims, offering services that include litigation finance, arbitration funding, and judgment enforcement strategies.

An article in PR Newswire states that Backlit Capital Solutions is positioning itself as a comprehensive provider in the legal finance sector, aiming to serve a diverse clientele that includes claimants, law firms, lenders, and investors. The firm's service offerings encompass litigation finance, arbitration funding, and judgment enforcement strategies, indicating a broad approach to legal funding solutions.

The launch of Backlit Capital Solutions reflects a growing trend in the legal finance industry, where firms are expanding their services to address the multifaceted needs of legal claimants and their representatives. By offering a suite of services under one roof, Backlit Capital Solutions aims to streamline the funding process and provide tailored solutions to its clients.

As the legal finance landscape continues to evolve, the entry of firms like Backlit Capital Solutions underscores the increasing demand for specialized financial services in the legal sector. Their comprehensive approach may set a new standard for how legal finance consultancies operate, potentially influencing the strategies of existing and emerging players in the market.