Third party

Innsworth to back Mastercard action as IMF launches new fund

24 June 2019

The third-party litigation funder that stepped in late in the day to fund the appeal in the £14bn Mastercard consumer claim is backing the entire case. We also have news from funders IMF, LCM and Burford.

Litigation funding platform targets wealthy private investors

20 June 2019

An online funding platform has recruited 200 high net-worth individuals to back commercial litigation cases in the UK and is employing litigation analytics to support its work.

Equalities watchdog slams legal aid rules in discrimination cases

20 June 2019

Difficulties in obtaining legal aid funding in discrimination law cases has created insurmountable barriers, leading to a denial of justice, new research has found.

CrowdJustice launches private fundraising platform

22 May 2019

Funding platform CrowdJustice has launched a private, invitation-only fundraising tool that it says will allow a broader range of clients to afford legal services.

Therium’s access to justice fund names first grant recipients

15 May 2019

LawWorks and the Personal Support Unit are two of first recipients of grants from Therium Access, the not-for-profit funding initiative from the litigation financier aimed at facilitating access to justice.

Law firm with litigation fund targets cases worth £15m-plus

30 April 2019

Listed City law firm Rosenblatt has outlined the “major market opportunity” it sees in backing clients’ litigation through its own funding subsidiary, particularly those worth £15m or more.

High Court sidesteps Arkin cap: “Not an automatic rule”

18 April 2019

The Arkin cap should not be applied automatically in all cases involving commercial litigation funders, the High Court has ruled in deciding that a funder should be fully liable for a successful party’s costs.

Burford raises £230m for new post-settlement fund

9 April 2019

Burford Capital has raised nearly $300m (£230m) for a new fund aimed solely at post-settlement matters. The funding will be put to “monetising a claimant’s settlement and other associated legal receivables”.

Litigation funder harnesses AI to screen lower-value claims

3 April 2019

A litigation funder launched this week is to use artificial intelligence to carry out a risk analysis of the small to medium-sized claims it intends to back.

Therium raises £325m as other funders grow international networks

25 March 2019

Litigation funder Therium has raised record new backing of £325m as demand for finance continues to grow. We also round up other industry news, including funders opening offices in Israel and Canada.

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