A financial advisory firm that guides in-house lawyers on how best to fund litigation is urging them to see disputes as assets that they can turn into working capital for their businesses.
Level, a litigation funder that specialises in family law, probate and other private client matters, has secured a £20m investment, while Burford has increased its planned $350m raise.
Top litigation funder Burford Capital is raising a further $350m (£255m) through debt in the wake of another record-breaking year that saw its income from investments top $500m for the first time.
Funder LionFish Litigation Finance and City law firm Rosenblatt have made four key litigation funding documents publicly available as part of a push for standardisation across the market.
AIM-listed Litigation Capital Management is looking to increase the capital it has available because of increased demand for litigation funding post-Covid.
Leading litigation finance broker TheJudge has been bought by insurance company Thomas Miller and launched a new funding business with access to more than $1bn in capital.
Agreements with third-party litigation funders are not damages-based agreements (DBAs), three Court of Appeal judges – albeit sitting in the Divisional Court – have decided.
Class action law firm PGMBM has secured a £45m funding facility from alternative investments firm North Wall Capital to pursue claims across the world.