About Steven Savage

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So far Steven Savage has created 134 blog entries.

Litigation funding can bridge the widening gap between decreasing legal budgets and ever-increasing law firm fees.

2023-09-28T15:30:00+00:00July 10th, 2023|

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’s global excellence once again recognised by Chambers & Partners

2023-06-29T13:19:34+00:00June 29th, 2023|

We are proud that Woodsford’s international business has again been ranked highly in this year’s Chambers Litigation Funding guide.

We are one of only a handful of funders ranked in the UK, US, Australia, Canada and Europe. Our CEO,

RoRo Car Shippers Fail in their Attempt to Launch UK Supreme Court Appeal of Cartel Class Action Certification

2023-06-02T12:01:52+00:00June 2nd, 2023|

LONDON, 2nd  JUNE 2023. In a huge boost to the hopes of millions of UK consumers who stand to gain from a Woodsford-funded collective action against five large shipping companies who engaged in an anticompetitive cartel, the UK Supreme Court announced yesterday that it had […]

Litigation funding success for Woodsford in significant Scottish case relating to the Hammersmith Ark

2023-05-10T08:30:57+00:00May 9th, 2023|

On 5 May 2023, Lord Ericht of the Scottish Outer House, Court of Session, handed down his judgment in a significant, multi-million pound claim against TLT Solicitors. Lord Ericht ruled in favour of the claimant Centenary 6 Limited (C6), funded by Woodsford.

Woodsford’s cases are often […]

Five members of the Woodsford team included in the latest Lawdragon Global 100 Leaders in Litigation Finance.

2023-04-03T10:33:56+00:00April 3rd, 2023|

We are delighted that five members of the Woodsford have been recognised and included in the latest Lawdragon Global 100 Leaders in Litigation Finance.

Our CEO, Steven Friel, both of our Chief Investment Officers, Robin Davis […]

Shareholder Litigation: The Tool of Last Resort (Interview with ESG Investor)

2023-03-31T08:33:26+00:00March 30th, 2023|

Shareholder Litigation

Our CEO, Steven Friel, was interviewed recently by Aaran Fronda of ESG Investor.

Steven explained why investors must actively engage with investee firms to make the downside of bad activity outweigh the upside for potential corporate wrongdoers.

“There is a growing […]

Woodsford supports further major Australian class actions against car manufacturers with claims filed against Hyundai and Kia

2023-02-17T09:59:51+00:00February 17th, 2023|

Hyundai and Kia engine defect class actions launched in Australia

Class actions were filed on Wednesday (15th February) in the Federal Court of Australia relating to defective engines in various Hyundai and Kia vehicles sold in Australia from 2011 to date.

The actions allege that the numerous […]

Woodsford announces further major expansion, with five new hires in the UK and Australia

2022-12-08T16:27:39+00:00December 6th, 2022|

Woodsford announces further major expansion

We are excited to announce a  further major expansion of our global team with the appointment of Jordan Howells as Senior Investment Officer together with three other appointments to our executive team and the addition of […]

Woodsford supports Toyota Diesel Defeat Device class action in Australia

2022-10-27T09:54:26+00:00October 18th, 2022|

Woodsford supports Toyota Diesel Defeat Device class action in Australia.

Woodsford supports another major Australian class action with a claim filed yesterday (17th October) in the Supreme Court of Victoria on behalf of up to half a million owners of diesel-powered Toyota vehicles.

The class action filed […]

Woodsford supports $Multibillion claim filed against Sony Group

2022-10-28T13:00:43+00:00August 20th, 2022|

Woodsford supports $Multibillion claim filed against Sony Group.

Woodsford is proud to support another major UK class action, with a $Multibillion claim filed against UK subsidiaries of Sony Group in the Competition Appeal Tribunal (CAT) on 19 August.

The claim is being brought on behalf of UK-based […]

The Case For Company-Directed Offensive ESG Litigation

2022-10-04T10:38:34+00:00July 12th, 2022|

The Case For Company-Directed Offensive ESG Litigation

In a provocative article published in Law360, Woodsford’s Bob Koneck argues that there is an opportunity for the legal industry to benefit from an ESG paradigm shift — rather than treat ESG litigation as a mere source of liability, companies […]

View the recording of our Webinar: A Practical Guide to Litigation Funding

2022-10-04T10:39:52+00:00June 1st, 2022|

We hosted a lively, interactive webinar, A Practical Guide to Litigation Funding, on Thursday 26 May.

You can view a recording of the webinar here.

Our US Chief Investment Officer, Robin Davis hosted and she was joined by […]

Litigation Funding 2022 – your updated guide to the developing law and practice of funding in Germany

2022-10-04T10:41:37+00:00April 21st, 2022|

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 […]

Litigation Funding 2022 – your updated guide to the developing law and practice of funding in France

2022-10-04T10:43:28+00:00April 5th, 2022|

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 […]

Litigation Funding 2022 – your updated guide to the developing law and practice of funding in New Zealand

2022-03-21T09:41:28+00:00March 21st, 2022|

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 […]

Litigation Funding 2022 – your updated guide to the developing law and practice of funding in Switzerland

2022-03-16T11:20:11+00:00March 16th, 2022|

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

2022-02-18T14:06:22+00:00February 18th, 2022|

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

2022-02-07T10:34:24+00:00February 7th, 2022|

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

2022-02-03T12:29:52+00:00February 3rd, 2022|

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 […]

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