LF Dealmakers Forum in NYC Brings Together Funders, Lawyers & Investors (Part 2 of 2)
Last Monday and Tuesday, litigation funders, lawyers and investors convened at the Apella event space on East 29th Street in Manhattan for the inaugural LF Dealmakers Forum. This article will highlight the panel discussions at the conference (for a recap of the keynote speech delivered by Ashby Jones, Chief of the Legal Bureau at the Wall…
Media Invitation – Sir Rupert Jackson Says Australia Might Like to Consider Testing What England Has Achieved Using Australian Ideas
MELBOURNE, AUSTRALIA – THE JUDGE who revolutionised the cost of civil litigation in England and Wales is coming to Australia to share insights of how litigation-cost reform could help achieve better outcomes with greater cost control, especially in relation to class actions.
UK Tribunal Sanctions Solicitors in Axiom Fund Scandal
The Solicitors Disciplinary Tribunal has imposed sanctions of £250,000, with costs payable expected to match or even exceed that figure, onto four solicitors involved in the Axiom Fund scandal. The scandal involved multiple law firms who allegedly pilfered money from the Cayman Islands-based law firm financier….
LPF Funds $75M Claim Against Former Prime Minister of New Zealand’s Failed Construction Company
Dame Jenny Shipley was Prime Minister of New Zealand from 1997 to 1999. Subsequent to that, she served as a director at Mainzeal Construction from 2004 to December 2012, which was one of the largest construction firms in the country, employing hundreds of staff and bringing in up to $400M per year. However, Mainzeal would eventually collapse…
UK Law Firm Rosenblatt Forms Litigation Funding Subsidiary
Rosenblatt confirmed the formation of its litigation funding subsidiary – to be called Rosenblatt Litigation Funding Ltd. The firm previously announced plans to form a litigation funding arm when the firm IPO’d earlier this year. Rosenblatt is the fourth firm to list on the London Stock Exchange….
LF Dealmakers Forum in NYC Brings Together Funders, Lawyers & Investors (Part 1 of 2)
This past Monday and Tuesday, litigation funders, lawyers and investors convened at the Apella event space on East 29th Street in Manhattan for the inaugural LF Dealmakers Forum. The event was hosted by Wendy Chou, whose annual IP Dealmakers Forum attracts a who’s who in the Intellectual Property space. Based on the event’s turnout, it’s likely…
Longford Capital Closes Another Law Firm Portfolio Investment
CHICAGO, September 17, 2018 – Following closely behind the closing of a $67 million law firm portfolio investment, Longford Capital has executed an investment with another leading litigation law firm. The most recent portfolio investment calls for an initial capital commitment of $15 million and is expected to expand to more than $30 million over the next 36 months. The portfolio involves more than one dozen cases on behalf of multiple clients in different industries, asserting commercial claims and patent infringement claims with more than $750 million in alleged damages.
Funded Claim Against New Zealand Earthquake Commission Heads to High Court
After three years of legal wrangling, a $77,000 damages claim against the Earthquake Commission (EQC) in New Zealand will head to the High Court….
Bentham IMF Hires Blakes Lawyer for Investment Management Role as Demand for Dispute Funding Grows
TORONTO (September 17, 2018) – Bentham IMF, a world-leading commercial litigation finance company, has hired Paul S. Rand as Investment Manager and Legal Counsel for its Toronto office. Paul will undertake due diligence on individual commercial litigation claims. He will also consider portfolios of claims for corporate clients seeking creative funding solutions and law firms looking for funding to extend alternative fee arrangements to clients. Paul brings unique insights to the role having previously managed a portfolio of litigation matters as in-house counsel for Canada’s largest bank, and more recently having focused on complex finance solutions for sophisticated corporate clients.
ASIC Tells Australian Law Reform Commission It Doesn’t Want to Regulate Funders
The Australian Securities and Investment Commission (ASIC) has submitted a response to the Australian Law Reform Commission’s (ALRCs) inquiry into litigation funding. ASIC told the ALRC that it should not regulate funders, as the entity would not prove to be “an effective mechanism to address the regulatory risks perceived to be associated with litigation funders.”…
