Third party

City firm Rosenblatt is ramping up its use of contingent funding agreements, while its litigation finance arm has now invested in nine cases, the listed business’s half-year results have shown.

Boutique litigation law firm Provenio has unveiled a £50m portfolio financing deal for high-value business litigation and arbitration claims with litigation funder Therium.

The International Legal Finance Association has been launched in Washington DC, with a substantial presence in London, to give a global voice to the commercial litigation funding industry.

Affiniti Finance – which specialises in loan-based funding to support litigation – has unveiled plans for huge expansion after a £250m capital raise backed by an unnamed “multi-billion-dollar” US-based fund.

Harbour Litigation Funding is backing a representative action against Marriott International following a major data breach as we round up a series of developments in the world of litigation funding.

Therium Access, the not-for-profit arm of litigation funder Therium, has handed out another £400,000 in grants to access to justice charities, taking the total to £1.4m since launching last year.

Global giant DLA Piper has unveiled access to £150m in litigation funding, with publicly listed funder Litigation Capital Management working with its newly formed captive, Aldersgate Funding.

The ban on conditional fee agreements in family cases should not be read across to third-party litigation funding, the High Court has ruled.

The litigation funding arm of City law firm Rosenblatt has made its move into insolvency work with a pledge to undercut existing pricing structures and take on market leader Manolete Partners.

Shares in Manolete Partners – the listed insolvency litigation funder – have tumbled by 20% in the wake of an attack on the firm on an investing website. The company hit back today.