header-logo header-logo

Rise of third-party funders

08 September 2020
Issue: 7901 / Categories: Legal News , Profession , Costs
printer mail-detail
A global association for litigation funders has launched, highlighting the rapid growth of the industry in the past two decades

The International Legal Finance Association (ILFA) will represent the interests of litigations funders and serve as an information base about the use of legal finance, also known as litigation or third-party funding. Its inaugural chair is Leslie Perrin, chair of London-based legal finance firm Calunius Capital and the former managing partner of Osborne Clarke.

ILFA launched this week with 12 members, including the six founding members Burford Capital, Harbour Litigation Funding, Longford Capital Management, Omni Bridgeway, Therium Capital Management and Woodsford Litigation Funding. According to ILFA, its membership currently represents more than $10bn in commercial legal finance activity.

Perrin said: ‘The commercial legal finance industry is one of the fastest growing finance sectors in the world.’ 

Issue: 7901 / Categories: Legal News , Profession , Costs
printer mail-details

MOVERS & SHAKERS

Winckworth Sherwood—Tim Foley

Winckworth Sherwood—Tim Foley

Property litigation practice strengthened by partner hire

Kingsley Napley—Romilly Holland

Kingsley Napley—Romilly Holland

International arbitration team specialist joins the team

Red Lion Chambers—Maurice MacSweeney

Red Lion Chambers—Maurice MacSweeney

Set creates new client and business development role amid growth

NEWS
The rank of King’s Counsel (KC) has been awarded to 96 barristers, and no solicitors, in the latest silk round
Can a chief constable be held responsible for disobedient officers? Writing in NLJ this week, Neil Parpworth, professor of public law at De Montfort University, examines a Court of Appeal ruling that answers firmly: yes
Neurotechnology is poised to transform contract law—and unsettle it. Writing in NLJ this week, Harry Lambert, barrister at Outer Temple Chambers and founder of the Centre for Neurotechnology & Law, and Dr Michelle Sharpe, barrister at the Victorian Bar, explore how brain–computer interfaces could both prove and undermine consent
Comparators remain the fault line of discrimination law. In this week's NLJ, Anjali Malik, partner at Bellevue Law, and Mukhtiar Singh, barrister at Doughty Street Chambers, review a bumper year of appellate guidance clarifying how tribunals should approach ‘actual’ and ‘evidential’ comparators. A new six-stage framework stresses a simple starting point: identify the treatment first
In cross-border divorces, domicile can decide everything. In NLJ this week, Jennifer Headon, legal director and head of international family, Isobel Inkley, solicitor, and Fiona Collins, trainee solicitor, all at Birketts LLP, unpack a Court of Appeal ruling that re-centres nuance in jurisdiction disputes. The court held that once a domicile of choice is established, the burden lies on the party asserting its loss
back-to-top-scroll