Third party

Chris Bogart colour

Enthusiasm for third-party funding continues to grow, says survey

There is strong growth in the consideration and use of litigation finance in the UK, new research has found, with 63% of respondents saying their organisation’s use of it has increased in the last two years.

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Aviva Will Burford

Burford creates £38m fund to back litigation run by women

Top third-party funder Burford Capital has earmarked $50m (£38m) to finance cases led by women lawyers as part of a groundbreaking initiative designed to help close the gender gap in law by providing an “economic incentive for change”.

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Google logo

High Court halts £3bn action that “benefited lawyers and funders most”

Lawyers and litigation funders would “by a considerable margin” be the main beneficiaries of any award in a representative action against Google over misuse of private data, the High Court has ruled in blocking the case going forward.

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Chris Bogart colour

Burford’s growth continues to spiral with £193m fund-raise

Burford Capital, the world’s largest litigation funder, has raised a further £193m ($250m) in less than 24 hours after an oversubscribed placing. The new shares were placed at 1850p, reflecting the extraordinary growth in the AIM-listed company’s share price.

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the road of money

Solicitor struck off over conflict between litigation and funder clients

A solicitor who sought to keep a longstanding client happy at the expense of another, when one provided the other with a loan to pursue High Court litigation, has been struck off. His actions were “a classic example of a solicitor departing from the complete integrity, probity and trustworthiness expected”.

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Dan Craddock

Vannin set to raise £70m from stock market listing

Third-party litigation funder Vannin Capital has announced its intention to float on the London Stock Exchange next month. The existing shareholders are to make 25% of its stock available in a bid to raise £70m.

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Gregg Rowan HSF

Class actions “set to grow”, says senior commercial litigator

Data and privacy class action claims are likely to expand in future, with litigation funders attracted by lucrative returns driving the industry, according to a senior City disputes lawyer. There have already been several “very high-profile claims” recently relating to shareholder and competition claims.

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Paul Martenstyn

Burford’s share price soars to new record after latest strong results

The seemingly inexorable growth of Burford Capital continued yesterday after strong half-year results sent its share prices soaring. Meanwhile, fellow third-party funder Vannin Capital has named the deputy senior clerk at Fountain Court chambers as its new managing director.

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