Category Archives: Latest news

Latest news on Litigation Funding industry

Woodsford Litigation Funding at the Litigation Funding Conference

Steven Friel, CEO of Woodsford, will discuss the future direction of the industry and the global opportunities for litigation funding at the Litigation Funding Conference in London on October 2, 2017.

Woodsford Litigation Funding was founded in 2010, with offices in London and Philadelphia. It provides tailored litigation financing solutions for businesses, individuals, and law firms. This includes both single case and portfolio litigation funding and arbitration funding. Woodsford is a founder member of the Association of Litigation Funders of England and Wales.

Read full article at http://lf2017.com/T/7.php

Summarized by Natalia Tsar.

Watch video here: Youtube.com

Potential benefits of portfolio litigation funding

Third-party funding is used to provide access to justice for clients without means to pay for a strong case. At present, the litigation industry is developing. And litigation funding can offer an alternative to the cost burden of litigation. That is portfolio funding.

Portfolio funding means that multiple claims may be considered and funded under a single facility. It enables a law firm to reduce risk and variability as it pursues client matters across its portfolio of engagements. Portfolio funding is able to stabilize a law firm’s financial position. It reduces risk and eases cash flow challenges associated with alternative billing arrangements. Portfolio funding can offer law firms elusive visibility. That is the ability to advance meritorious cases backed by the confidence that certain legal fees will be paid in a timely manner.

Read full article at GlobalLegalPost.com

Summarized by Natalia Tsar.

Brexit effect on the litigation funding market

In the process of Brexit negotiations a lot of attention has been placed on freedom of movement and the status of EU citizens in the UK. There is also a question of what role the European Court of Justice will play in UK law. It is obvious that Brexit will have significant consequences for all sectors and markets, including litigation funding.

As a result of Brexit, the number of funded disputes in the UK is likely to rise. Also, it looks as if English courts will once again be permitted to grant anti-suit injunctions. And it can be a powerful weapon in international disputes. It is also becoming clear that the UK’s withdrawal from the EU won’t affect funded disputes negatively.

Read full article at Lexology.com

Summarized by Natalia Tsar.

Luke Harrison on Solicitor Perspectives at Litigation Funding Conference

Luke Harrison, Partner at Debenhams Ottaway, will speak on a panel discussing the solicitor perspective on litigation finance. This will be on October 2, 2017 at the London Litigation Funding Conference. As a deal making event, the Litigation Funding Conference brings together investors and attorneys for the purpose of financing high value claims and multinational arbitration cases. Hedge funds, private equity, third party litigation finance companies will meet privately with attorneys from large law firms and corporate counsel. The event brings new financing opportunities for lawsuits.

Watch video here: http://youtu.be/tmDALO7ezyo

Litigation Funding Disclosure Can Reduce Costs

In June 2017, the U.S. Chamber of Commerce petitioned the Federal Rules of Civil Procedure to require disclosure of outside funding in all cases. Mark Behrens, chairman of IADC’s civil justice response committee, talked how litigation financing disclosures could help reduce discovery costs for defendants.
According to Behrens, the lawyer groups, including IADC (International Association of Defense Counsel), are interested in disclosure to preserve the integrity of the civil justice system. At present, as stated in the rules, the discovery must be proportional to the needs of the case. Also in the rules, judges can impose cost shifting on plaintiff requests that go beyond what is proportional in the case.
The U.S. Supreme Court in several recent decisions has made it harder for plaintiffs to sue corporations in certain jurisdictions. It has happened as there are jurisdictions where when the plaintiffs sue there, the defendants tend to believe that the law is not going to be applied fairly in their case.

Read full article at NationalLawJournal.com

Summarized by Natalia Tsar.

Litigation Capital Management to Speak at the Litigation Funding Conference

Patrick Moloney, Managing Director at Litigation Capital Management, will speak at the Litigation Funding Conference in London on October 2, 2017. He will perform on a panel covering litigation finance in the United Kingdom and the European Union.

Litigation Capital Management was founded in 1998 and listed on the ASX in 2016. They are one of Australia’s and the world’s most experienced and successful Litigation Finance companies. LCM are specialists in providing Litigation Finance to enable the pursuit and successful recovery of funds from legal claims. They provide Litigation Finance solutions to a host of companies and individuals. LCM work across claims for insolvency, commercial litigation, class actions, arbitration and intellectual property.

Read full article at WebWire.com

Summarized by Natalia Tsar.

DEBENHAMS OTTAWAY LLP to Speak at the Litigation Funding Conference

Debenhams Ottaway will speak at the Litigation Funding Conference in London, 2nd October. The Litigation Funding Conference is an intense networking event for third party litigation funding firms, venture capitalists, hedge funds, corporate counsel and attorneys from significantly sized law firms seeking finances for high value claims.
Debenhams Ottaway is a multi-service, innovative law firm based in Hertfordshire. It is known for delivering clients outstanding service and award winning legal advice. The firm deals with lower value but complex commercial litigation.

Read full article at WebWire.com

Summarized by Natalia Tsar.

2nd Litigation Funding Conference in London

The 2nd Litigation Funding Conference will take place October 2 in London. The Litigation Funding Conference is an intense networking event for third party litigation funding firms, venture capitalists, hedge funds, corporate counsel, solicitors and attorneys seeking finances for high value claims. Financial professionals and investors representing significant resources to capital will be present to fund suits they are expressly interested in.

Read full article at WebWire.com

Summarized by Natalia Tsar.

Commerce Request to Regulate Third Party Funding

Mark Behrens, Chair of the Civil Justice Response Committee of the International Association of Defense Counsel (IADC), talks about Commerce Request to Regulate Third Party Funding. The IADC supports the U.S. Chamber of Commerce’s recent petitioning of Federal Rules of Civil Procedure to require disclosure of third party funding in all cases. According to Behrens, mandatory disclosure will help shift the burden of discovery costs away from defendants. Behrens states that litigation is normally about the discovery as opposed to the claim, and “plaintiffs use broad discovery requests as a weapon to try to force settlements unrelated to the merits of the case.”

Read full article at LitigationFinanceJournal.com

Summarized by Natalia Tsar.