High Court sidesteps Arkin cap: “Not an automatic rule”
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
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
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
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.
“It’s gone bananas” – insolvency funder soars after listing
Insolvency litigation funder Manolete Partners plc has seen its share price more than double in just three months of being a public company, as interest in its offering has “gone bananas”.
Burford: We are the law’s investment bank
Third-party funder Burford Capital described itself today as “the legal profession’s investment bank” as it recorded a 24% increase in net profit after tax to $328m. It has also re-entered the ATE market.
Third-party funder launches £1m ‘access to justice fund’
Third-party funder Therium has launched a ground-breaking £1m fund to provide not-for-profit litigation funding in order to facilitate access to justice, supported by former Lord Chancellor Lord Falconer.
Strong maiden results for listed litigation funder
Australian litigation funder LCM – which listed in London late last year and brought a UK-based team on board – has announced strong half-year results. Its shares jumped 18% on the news.
