News and discussion regarding the litigation funding industry.
Last year, High Court Judge Aileen Donnelly refused permission for a UK firm to provide funding for a case involving businessman Tony Boyle against billionaire Denis O’Brien, former Fine Gael minister Michael Lowry and the State. Mr Boyle claimed his company, Persona Digital Telephony, failed to secure a mobile phone licence in 1996 that was … Continue reading Ireland May Be About To Open For Litigation Funders
IMF Bentham is expanding in Asia and has recruited Tom Glasgow. Prior to this new appointment, Tom was a senior litigator at Allen & Overy. Tom will now be heading up Bentham’s new office in Singapore. We covered the news earlier in the year that Singapore had introduced new legislation permitting third-party funding in international arbitration. … Continue reading Bentham IMF Expands In Asia
Gerchen Keller, now part of Burford Capital almost doubled their money in six short months. The deal revolved around a U.S. Circuit Court of Appeals case involving billionaire Ira Rennert and The Renco Group. Before the appeal last summer Gerchen Keller agreed to acquire a $50 million dollar interest in the outcome of the case. … Continue reading Litigation Funding Is An Essential Tool In Bankruptcy Cases
Burford is going from strength to strength and their latest growth figures show a very healthy industry. Burford has seen a 75% increase in their net profit after tax to $115.1 million. That is an increase of $49.4 million since the last report in 2015. Additionally, they have enjoyed a 61% increase in operating profit … Continue reading Burford Capital Delivered 75% growth In 2016
Therium Group has decided to become the first full-service litigation funder in Germany. Therium Group are one of the biggest third party funders globally. They currently have more than $300 million in committed capital. Therium has identified an appetite for litigation funding in Germany. It is reportedly driven by the increasing number of corporate and commercial disputes being … Continue reading First Full Service Litigation Funder Opens In Germany
Cat Maclean comments on the state of third-party funding in Scotland. Cat is passionate about third-party funding and has good reason to be. She secured victory for her client, Mr Carlyle, at the Supreme Court in a bank dispute case in 2015. A case that would not have been possible without third-party financing. Had this … Continue reading Scotland Is Underserved By Litigation Funders
Lake Whillans & Above The Law conducted a survey in 2016 to better understand how litigation funding is evolving. Their research was focused on understanding how clients view litigation funding and what might be holding the industry back. They focused on solo practitioners, in-house counsel, law firm partners and counsel and law firm associates. From … Continue reading Ethical Fears Regarding Litigation Funding Persist
Earlier this month Metonymy Labs’ announced their alliance with Fulbrook Capital Management, a global leader in Dispute Finance. It is a major step and of course surely the sign of things to come. With the rise of big data and AI in other industries especially financial sectors, it is the logical weapon of choice for these … Continue reading Big Data Is Crunching The Numbers On Litigation Funding
Growth in the litigation finance industry shows no sign of slowing. On the 14th of February IMF Bentham announced the launch of a $200m (£160m) investment vehicle to back its US portfolio. The new fund was raised by the Australian company on behalf of the US affiliate Bentham IMF. The parent company’s first formal investment … Continue reading Australian Litigation Funder Launches $200M US Based Fund
Litigation Funding as an asset class is growing. The major appeal being that the returns are not related to movements in the capital markets. This is exactly the reason quoted by Kevin Hegarty, executive vice president and chief financial officer “The strategy will be diversifying for the portfolio in that the returns are almost entirely independent of … Continue reading University Endowment Fund Invests in Litigation Funding
