Third party
Class action firm secures £45m funding facility
Class action law firm PGMBM has secured a £45m funding facility from alternative investments firm North Wall Capital to pursue claims across the world.
Training of solicitors “shows growth of litigation funding”
The fact that trainee solicitors are qualifying with a litigation funder shows how the industry has expanded over the last 12 years, a senior director at Harbour has said.
LCM boosts financial muscle as Burford announces “record year”
Listed funder Litigation Capital Management has secured further investment capital after agreeing a $50m (£36m) credit facility from Northleaf Capital Partners.
Small and mid-sized disputes funder makes 32 investments in first year
Apex Litigation Finance – one of the funders targeted at small and medium-sized claims – invested in 32 cases in its first year, with anticipated claim values ranging from £30,000 to £27m.
Burford’s largest shareholder takes big stake in Manolete
The largest institutional shareholder in Burford Capital has taken a major position at Manolete Partners after a unsettled few weeks for the insolvency litigation funder.
Harbour-backed Mishcon launches collective action against BT
London firm Mishcon de Reya, with financial backing from funder Harbour, has filed a collective claim worth almost £600m against BT over alleged historic overcharging for landlines.
CA bids to strengthen funding market with security for costs ruling
A principle that a defendant receiving security for costs from a claimant’s litigation funder should not have to provide a cross-undertaking in damages will improve the funding market, the Court of Appeal has ruled.
Class actions set for certification hearings in wake of Mastercard ruling
Claimant representatives have hailed the Supreme Court’s ruling in the Merricks collective action case as a “pro-claimant and pro-litigation funding decision” which reinvigorates the regime.
Insolvency funder makes rapid progress during lockdown
Insolvency litigation funder Manolete Partners has had a strong lockdown, with revenue, profit and new case investments all rising sharply, its half-year results have shown.
Lawyers and funders join forces to standardise documentation
A host of well-known litigation funders have signed up to an industry wide initiative to develop model funding documentation, launched by the London office of US law firm Brown Rudnick.