Lake Whillans Founders Talk Industry Growth and Current Trends
With the litigation finance industry continuing to experience high levels of growth, industry leaders are now able to see how this once niche sector has evolved into the thriving market it is today. The founders of one such well-established funder, Lake Whillans, recently discussed how the third-party funding industry has evolved and where it is…
Stephanie Schrandt Boone joins Law Finance Group as General Counsel
Law Finance Group (LFG), a leader in the litigation finance industry since 1994, today announced that Stephanie Schrandt Boone has joined the firm as General Counsel.
Victims of Brazil’s ‘sinking city’ to have case heard in the Netherlands
Communities lost to damage caused by salt mines in Northern Brazil are celebrating after securing the right to sue petrochemical company Braskem in the Dutch courts.
Latin America Represents a Strong Market for Arbitration Funding, Says Omni Bridgeway
While litigation funding is still most active in the well-established markets of North America, Europe and Australia; pockets of demand are starting to gain traction in other territories. One market that funders are keeping a careful eye on is Latin America, where firms are keen to take advantage of a new lucrative revenue stream….
LCM Reports Strong Financial Results with Increased Demand Expected
As the litigation funding market continues to experience growth in major markets, as well as potential growth in emerging markets, established funders at the top of the industry are reaping the benefits. Litigation Capital Management (LCM) is an example, having recently reported strong financial results for the year with a growth asset portfolio in hand….
Less Than 12% of Federal and State Case Filings Present Strong Opportunities for Litigation Funding, According to First-of-Its-Kind Market Intelligence Study
Though the U.S. litigation finance market continues to expand, less than 12% of federal and state cases filed in 2021 met the minimum threshold to be considered for investment, according to a new report issued today by tech-enabled litigation funder LexShares. This finding, detailed in the inaugural edition of LexShares’ special report, “The Litigation Funding Barometer: A Data-Driven Analysis of What Litigation Funders Want,” illustrates the high bar that law firms and plaintiffs must reach to attract valuable funding dollars for their cases.
Burford Funds Arbitration Settlement Claim Against Nigerian Government
Whilst litigation funding has been slow to find a stable footing in Africa, there are signs that it is becoming a more active market for funders to explore. This is underscored by the involvement of Burford Capital in a settlement arbitration case brought against the government of Nigeria….
Law Firms and Funders Criticise Proposed EU Regulations
As LFJ reported last week, the EU parliament’s decision to adopt a report which proposes increased regulation across the litigation funding industry may be a defining moment for the European market. Unsurprisingly, since the announcement, we have seen funders and lawyers alike criticise the proposed reforms as a backwards step for those seeking to widen…
US Government Agencies look to Re-examine Disclosure Requirements for Litigation Funders
Recent court cases in the US have repeatedly raised the issue of disclosure for litigation funding, with growing calls across the judicial system to increase transparency in legal proceedings where third-party funding is present. The spotlight on disclosure is only set to intensify, with ongoing studies by federal agencies and requests by industry bodies for…
Irish Government set to Propose Legalising Third-Party Funding for Arbitration
As the demand for commercial legal funding continues to grow, more and more jurisdictions are looking to embrace it as an option for those seeking access to justice. In an encouraging sign within Europe, government officials are sending positive signals that Ireland may be the latest country to open up its legal system to third-party…
