Over the last few years, law firms have been attempting to create additional revenue by raising their rates.[1] At the same, many legal departments are facing decreases in their litigation budgets, with legal departments seeing up to 20% reduction in their budget.[2] Additionally, the time […]
Woodsford announces further expansion
We are excited to announce a further major expansion of our global team with the appointment of Ryan Schultz as Vice President, Business Development in the US, four new members of the London-based underwriting and finance teams and the addition of […]
As litigation funding becomes more prevalent in patent litigation, defendants in the US are likely to attempt to obtain discovery into such agreements. However, litigation funding discovery is usually nothing more than a fishing expedition aimed to create additional burden for plaintiffs. Recently, Judge […]
Third-party funding was launched in Germany in 1999 and the overwhelming majority of the legal community welcomed the idea. Litigation funding closed the gap between credit facilities provided by banks, which are typically not granted without securities being provided by the claimant, and the prohibition […]
The legality of third-party litigation funding is well established in France.
Nevertheless, the French market for third-party litigation funding is still comparatively small. Among other factors, this may be attributed to the fact that French law traditionally did not recognise class actions or punitive damages and […]
Third-party litigation funding is permitted in New Zealand. Although the common law torts of maintenance (assisting a party in litigation without justification) and champerty (assisting in consideration of a share of proceeds of the litigation) have not technically been abolished, the recent attitude of the […]
The Swiss Federal Supreme Court held in 2004 that litigation funding by third-party funders is permissible in Switzerland provided that the funder acts independently of the client’s lawyer (BGE 131 I 223). The court stated that it could even be advantageous for a claimant to […]
Court decides that groundbreaking £150m class action on behalf of UK car buyers can proceed
London’s specialist competition court, the Competition Appeal Tribunal, has today (Friday 18 February) given the green light to a class action on behalf of millions of motorists and businesses, who […]
Litigation Funding 2022- your updated guide to the developing law and practice of funding for international arbitration
While international arbitration spans multiple types of claims, overlapping jurisdictions and legal regimes, there are some commonalities to consider. A practitioner considering […]
Litigation Funding 2022- your updated guide to the developing law and practice of funding in The Netherlands
Litigation funding is available and is legally permitted in the Netherlands – both in state court litigation and in arbitration. Litigation funding constitutes a growing field, especially […]
Litigation Funding 2022- your updated guide to the developing law and practice of funding in Israel
Third-party funding for litigation in Israel is an accepted part of the litigation landscape and has been judicially endorsed by the Israeli courts in […]
Litigation Funding 2022- your updated guide to the developing law and practice of funding in Australia
The environment for litigation funding is increasingly complex with several recent judicial and legislative developments affecting the conduct of third-party litigation funding. The developments predominantly relate to funding of […]
Woodsford announces further expansion
Woodsford today announced further expansion with the appointment of Conn MacEvilly as Senior Investment Officer in London and Brendan Dyer as Vice President, Business Development in New York. These are key appointments to our global executive team.
Litigation Funding 2022- your updated guide to the developing law and practice of funding in England & Wales
Third-party litigation funding has long been permitted and endorsed by the judiciary and policymakers as a tool of access to justice. Consistent with modern […]
Litigation Funding 2022- your global guide to the law and practice of funding in 23 key jurisdictions.
Woodsford is proud that the 6th edition of Litigation Funding, published by Lexology and edited by our very own Steven Friel and […]
Govia Thameslink Railway to face legal claim worth up to £77m
The claim, funded by Woodsford, is seeking compensation worth up to £77m for routine overcharging on train tickets affecting an estimated 3.2 million passengers and has been filed against the operator of one of Britain’s […]
Woodsford announces further expansion
Woodsford today announced further significant international expansion with the appointments of Hon. Michael Barker QC (Perth) to our Investment Advisory Panel and Deborah Mazer (New York), Hugh Tait, […]
Rail Passengers Cleared to Make £93m Legal Claim for ‘Boundary Fares’
London’s specialist competition court, the Competition Appeal Tribunal (the “Tribunal”) has given the green light to rail passengers to seek compensation for overcharging by the
Litigation Finance for In-house Legal Departments
In-house legal departments face tremendous financial and operational pressure.
Most general counsel believe that technological modernization and more effective management of spend on outside counsel could result in cost savings. But most lack the […]
Woodsford’s Public Submission to UNCITRAL
On Friday 30th July 2021, Woodsford delivered a considered public submission to UNCITRAL in respect of the Secretariat’s draft provisions on the regulation of third-party funding in Investor-State Dispute Settlement.
“Woodsford respectfully disagrees with the Working Group’s […]
CONTACT
Australia
Woodsford
310 Edward Street
Brisbane
QLD 4000
Clare Owen
t: +61 (0) 435 862 873
e: cowen@woodsford.com
UK
Woodsford
8 Bloomsbury Street
London
WC1B 3SR
Mitesh Modha
t: +44 (0)20 7985 8419
e: mmodha@woodsford.com
USA
Woodsford
1121 N. Bethlehem Pike
Suite 60 #184
Spring House, PA 19477
Mitesh Modha
t: +44 (0)20 7985 8419
e: mmodha@woodsford.com
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Legal Finance Association (ILFA)
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