London law firm RPC published a report stating the balance sheets of UK funders grew from £575 million in 2015 to £723 million last year. Additionally, the value of litigation financing deals has grown by £25 million in the last year. “Third-party litigation funding has become an increasingly vital component of the justice system…Few businesses … Continue reading Litigation Funding Firms Financial Might Grows
Transparency in litigation finance is a hot topic. Many are pushing for more disclosure regarding the identity of who is funding litigation. In June court officials proposed amendments to an existing rule which deals with the disclosure of interested parties in a case. They suggested adding funders to this list. However, on the 23rd of … Continue reading American Litigation Finance Firms Retain Right To Anonymity
There has been speculation for some time that third-party litigation funding will soon become a more regulated industry. This topic was discussed recently at the Westminster Legal Policy Forum on innovation and the business of law. This took place on the 25th of January 2017. The litigation funding sector has grown in recent years. A large … Continue reading UK: No Regulation For Litigation Funding In The Near Future
10th of January 2017, Singapore’s Parliament passed the Civil Law (Amendment) Bill 2016, allowing third-party litigation funding. The passing of the Civil Law (Amendment) Bill 2016 is a clear push by Singapore’s to become a centre for dispute resolution. These changes in the law will ensure that Singapore becomes an attractive forum for parties to … Continue reading Singapore Parliament Allows Third-Party Litigation Funding
Above The Law recently published an interesting interview with Lee Drucker from Lake Whillans. Lake Whillans is a litigation finance and distressed venture capital firm providing funding for companies in litigation or arbitration. We have decided to provide a summary of they key items discussed. The original article can be accessed here. Lee discussed how they … Continue reading A Litigation Funder Is Interviewed
“There has to be an industry” – Christopher Bogart, the CEO of the litigation financier Burford Capital Bogart has a five-year plan. Bogart told Alison Frankel of the Mail Online that he believes the litigation funding industry is about to become well established. Bogart believes the CFO and general counsel of companies considering expensive litigation will … Continue reading $160 Million Merger Between Burford Capital and Gerchen Keller Capital
The Court of Appeal’s comments in the recent case of Excalibur Ventures LLC v Texas Keystone Inc and others  EWHC 3436 confirms that litigation funding is here to stay as “a feature of modern litigation”. Commentators believe litigation funding is becoming more mainstream and, with increased awareness of funding as an option, it is … Continue reading The Future of Litigation Funding
Litigation funding began as a crime. For centuries it was illegal to provide financing for someone else’s lawsuit. Ancient English “champerty and maintenance” laws were designed to stop noblemen from meddling in each other’s quarrels. A more recent example would be the case of Hulk Hogan VS Gawker Media. The financier behind this lawsuit was … Continue reading The History of Litigation Funding
The term Brexit can be heard everywhere in Britain and abroad. It is a huge moment for the UK and the outcome of the vote will affect Britain for years to come. Many are not happy with the result of the referendum and the decision to leave. A legal challenge has been brought against the … Continue reading Who is funding the Brexit legal challenge?
News and discussion regarding the litigation funding industry. We plan to cover this growing industry as it grows internationally.