The growth of the litigation funding industry in the UK over recent years has not just taken place in the capital, as the Channel Islands of Guernsey and Jersey have become a go-to destination for funders. Major industry players including Burford Capital, Therium and Bench Walk Advisors have all established a number of funds in these territories. This reputation as an attractive location for litigation funders has also resulted in a growing array of companies specializing in support services for both funders and lawyers anchoring themselves in Guernsey.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The growth of the litigation funding industry in the UK over recent years has not just taken place in the capital, as the Channel Islands of Guernsey and Jersey have become a go-to destination for funders. Major industry players including Burford Capital, Therium and Bench Walk Advisors have all established a number of funds in these territories. This reputation as an attractive location for litigation funders has also resulted in a growing array of companies specializing in support services for both funders and lawyers anchoring themselves in Guernsey.
Writing in Bdaily News, Simon Graham of Lancaster Guernsey highlights that the islands’ appeal to the industry stems from its welcoming regulatory environment, its proximity to London, and a legal framework that is easily approachable for UK law firms. He also points out that this coincides with an emphasis on innovation, including the Guernsey Registry which has implemented a streamlined and effective online interface for entities to more easily manage administration.
With this solid foundation, Mr Graham expects to see continued growth and evolution for the litigation finance sector in Guernsey and Jersey.