The end of 2016 saw the merger of Burford and Gerchen Keller Capital in a $160 million dollar deal. Yesterday Therium Inc announced their acquisition of New York Based Chapter Capital, lead by divorce specialist Nicole Noonan, Esq. Founded in London and Isle of Jersey. UK Therium is one of the most established global litigation financing firms, with a market-leading track record of generating superior returns for its investors. In April 2015, Therium secured $300 million to invest in commercial litigation financing, the largest ever single investment in the litigation-funding sector, globally. In April 2016, Therium became the first European litigation finance company to launch a full service business in North America, Therium Inc., which is headquartered in New York.
New Chapter Capital are the leader in matrimonial litigation finance provider in the USA.
Chief Executive Officer Nicole Noonan said: “New Chapter Capital will provide innovative and cost-effective solutions for individuals engaged in divorce proceedings in the United States. New Chapter Capital, Inc. empowers individuals to hire highly qualified attorneys and pays for expert fees, as well as personal living expenses.”
Both Therium and New Chapter Capital expect strong growth in the legal funding sector especially where strains during a divorce are becoming an increasing impediment to accessing legal services during marital dissolution’s.