Category Archives: Premium
2021 Legal Finance Survey Shows Uptick in Relevance
For the last five years, Lake Whillans and Above The Law have joined forces on a survey detailing the awareness and favorability of third-party legal funding. This year represents the first finding since the onset of COVID as a global emergency. Overall, it found that the percentage of respondents who had first-hand experience with TPF…
Law Commission Review Reveals Conflict Between Funders & Corporates
It stands to reason that litigation funders and big corporations would be at odds over class actions. After all, it’s often funding that makes pursuing these cases possible. Third-party funding provides the tools needed for people harmed by companies or governments to seek restitution. These large entities, and those who insure them, may not be used to this kind of accountability–and blame funders for increasing access to justice.
Legal Funding in Australia: New Developments
Legal funding is an established and respected industry in Australia. It’s continually expanding and adapting to meet the needs of an increasing client pool. Leading funder Burford Capital has received and vetted more than 10,000 funding requests.
Funding Innovators Keller Lenkner See Booming Business
Keller Lenkner is turning heads in the legal community of late. The boutique law firm has doubled in size since the start of the pandemic, and has also opened two new offices. The firm seeks out complex cases, often class actions, where it can make a big impact in the lives of people. Before founding Keller Lenkner, the founders launched Gerchen Keller Capital—a litigation finance firm later sold to Burford Capital.
Covered Bridge Capital Named Best Consumer Litigation Funding Provider
Covered Bridge Capital has been a provider of plaintiff and medical funding since 2004. Recently, it was voted the number one consumer litigation funding provider, and is now listed in 2021 Best of Texas.
Pretium Partners Launches Litigation Funding Group
Pretium Partners LLC is an investment management firm specializing in corporate, residential, and structured credit. It has recently announced the formation of a new investment group focusing on third-party funding.
EU Parliament Considers Increased Litigation Funding Legislation
This past June, the European Parliament’s Legal Affairs Committee published recommendations for the European Commission. This draft report is being discussed and debated by the Economic Affairs Committee before being discussed in Parliament in November. If Parliament adopts the draft report, the next step would be for the European Commission to draft new legislative proposals.
Costs Awarded to Volkswagen in Takata Airbag Action
A recent class action against Volkswagen Group Australia has been dismissed. Costs have been awarded to the car manufacturer and will be paid by the third-party litigation funder for the plaintiffs.
TikTok Again Accused of Violating Privacy Laws
A third Demark-based foundation has filed a case against TikTok media group over data they claim was harvested illegally. The suit impacted about 4.5 million Dutch users across all age demographics.
Gately Announces GBP 20 Million Litigation Funding Facility
Gately, the first law firm to list publicly in the UK, recently announced a GBP 20 million litigation funding arm. Expected to begin in early 2022, the funding arm will specialize in claims related to insolvency, investor and shareholder disputes, fraud, and asset protection and recovery.
