Blog Archives
£6M in Back Dues Paid to UK Litigation Funder
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Date: May 25 2022
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Novitas Loans made a 2021 announcement to freeze new loans servicing customer engagement of legal products and services. The franchise pivoted to new business with a focus on growing its long-term customer base. This, as July 2021 balance sheet line items signaled significant losses over the period. …
Shakespeare Martineau is the United Kingdom’s New LitFin Solution
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Date: May 25 2022
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The United Kingdom is home to a new litigation investment solution powered by Shakespeare Martineau. Quick funding accessibility via alternative sources pair clients to several products, such as conditional fee agreements, after the event insurance, damage-based policies and third party investment. …
Video: Liberty Mutual on Global Litigation Finance Transparency
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Date: May 25 2022
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Mike Fallon (President of Major Accounts at Liberty Mutual Global Risk Solutions) spoke with Meg Green at Engage RIMS 2022 in San Francisco about the impact social inflation has on litigation finance. Mr. Fallon suggests that greater transparency is necessary from Liberty Mutual Global’s perspective….
The Attorney’s Litigation Finance Lexicon Handbook
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Date: May 25 2022
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As the global litigation finance industry flourishes, new phrases, old phrases and modified legal vernacular are molding new products and services. This, as litigation investors build legacy franchises. As industry innovation continues exponentially, it is key for attorneys to have a model guide or handbook to familiarize themselves with conversational industry terms. …
Council of Bars and Law Societies of Europe on Private Litigation Funding
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Date: May 25 2022
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Representing bars and law associations of 45 countries and over 1M attorneys, the Council of Bars and Law Societies of Europe (CCBE) has published insights into third party litigation funding best practices. CCBE’s report is in response to the European Parliament’s draft on responsible frameworks for nurturing the future of third party funding. As an…
Insolvency Funding in France
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Date: May 25 2022
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French insolvency proceedings have unique opportunities, according to Insolvency and Restructuring International. Third party funders can be engaged to help companies navigate insolvency proceedings. Oftentimes, French third party funders help companies in the form of cash advance proceeds, yet they also purchase the legal claims of insolvent companies, in the hopes of earning a hefty…
Law Society of Scotland on Post Office Scandal Litigation
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Date: May 25 2022
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The Law Society of Scotland shares a new debrief of the Post Office scandal. The story goes: When the Horizon computer system found over 736 sub-postmasters were allegedly grifting from the United Kingdom’s postal budgets, they were summarily punished. However, Horizon’s back office capabilities were later found to contain bugs and other system defects that…
The Legal 500 Lists the UKs Top Litigation Financiers
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Date: May 25 2022
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Editor’s note–Legal 500 first published the below rankings in 2021. This ranking has resurfaced in 2022, though to our knowledge Legal 500 has yet to update its rankings, nor has it published its methodology. The inaugural edition of the Legal 500 list of top litigation finance franchises in the United Kingdom has been published. Legal…
Video: Mass Tort Finance Innovation
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Date: May 25 2022
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Max Volsky (co-founder, chief investment officer and general counsel at Lexshares), recently profield how Lexshares approaches funding mass tort claims. According to Mr. Volsky, Lexshares often funds firm portfolios composed of meritorious mass tort claims. Mr. Volsky says that Lexshares’ products and services are designed for individual attorneys and large law firms alike. …
The Arkin Cap Debate
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Date: May 25 2022
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The Arkin Cap has traditionally been a guide associated with governerning the costs of litigation finance agreements. However, over a series of recent rulings, justices in the United Kingdom allude to their own autonomy, given individual case nuances. This implies that the concept of the Arkin Cap is not guaranteed in any litigation. …
