Pure-play private funders Stuart Grant of Bench Walk Advisors. Bench Walk Advisors Bench Walk Advisors was cofounded in 2018 by
Stuart Grant, a former lawyer at Skadden who also cofounded Grant & Eisenhofer, a top firm for shareholders litigation. Grant said in an interview with Reuters that he shifted focus to litigation finance after a few adverse court rulings because I don t like losing. His litigation-funding shop claimed a 93% win rate as of the end of last year. It says it s invested more than $300 million. Brandon Baer of Contingency Capital. Contingency Capital Contingency Capital was launched in November by
Brandon Baer, an experienced lender who co-led the legal-assets group at Fortress. While the firm is still new and not much about its activities are known, it s minority-owned by TF
UK litigation funding market doubles in three years as pipeline of cases builds up
28 April 2021
UK litigation funding market doubles in three years as pipeline of cases builds up
The value of cases and cash held by UK litigation funders hits £2bn, RPC study shows
Shutterstock The size of the UK litigation funding market has doubled over the past three years as the pipeline of court cases and cash held by litigation funders in the country hits £2bn, according to a study by law firm RPC. That is up from £1bn in the 2016/17 financial year, a review of assets held on balance sheet during the 2019/20 financial year showed. The growth in litigation funding in part has been driven by investors looking for alternative assets where returns are uncorrelated with the performance of the wider economy and traditional assets such as equities.
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PECK MADIGAN JONES REBRANDS: Peck Madigan Jones, one of the top lobbying firms on K Street, announced today that it will drop the name and rebrand as
International Legal Finance Association Statement On Australian Parliamentary Committee Inquiry On Litigation Funding
Dec 22 2020
WASHINGTON, Dec. 22, 2020 /PRNewswire/ Today, the International Legal Finance Association (ILFA) the global voice of the commercial legal finance industry issued a statement in response to Australia’s Parliamentary Joint Committee on Corporations and Financial Services Inquiry on Litigation Funding and the Regulation of the Class Action Industry. The Committee issued its findings and recommendations to the full Parliament today. Australia’s current balanced approach between securities law, class action procedure, and legal funding provides a model for the world, and reinforces its strong position as a destination for global investment.
Regulation
Is third-party litigation funding permitted? Is it commonly used?
Third-party litigation funding is permitted and endorsed by the judiciary and policymakers as a tool of access to justice. Consistent with modern public policy, English courts have a generally positive attitude to third-party funding.
The Competition Appeal Tribunal recently described third-party litigation funding as ‘a well-recognised feature of modern litigation that facilitates access to justice for those who otherwise may be unable to afford it’ (
UK Trucks Claim Limited v Fiat Chrysler Automobiles NV and Others and
Road Haulage Association Limited v Man SE and Others [2019] CAT 26). The tribunal s view underlines how far the law has changed since the days when funding another party s litigation could constitute both a crime and a tort.