Lawyer Directed Litigation Funding Agreements And Professional Conduct Rule 5.4
Lawyer Directed Litigation Funding Agreements And Professional Conduct Rule 5.4 Woodsford's Ryan Schultz and John J. Hanley of Rimon PC address the question of the permissibility of litigation funding arrangements in light of Rule 5.4(a) of the New York Rules of Professional Conduct, which prohibits fee sharing with a non-lawyer, and TPLF arrangements arises. This Insight focuses on New York practice. Third-party [...]
Litigation funding can bridge the widening gap between decreasing legal budgets and ever-increasing outside counsel fees.
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 to trial continues to lengthen as more cases are filed at a time of ever-growing [...]
Woodsford is recruiting an Investment Associate in London
Woodsford is recruiting an Investment Associate in London This full-time role will support team members across an exciting and rapidly growing international business, with particular emphasis on the UK, EMEA & APAC markets. The majority of time will be spent assisting the lawyers/investment officers in our London office, with a particular focus on our growing portfolio of ESG-related collective actions [...]
Woodsford’s global excellence once again recognized by Chambers & Partners
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, Steven Friel and both of our Chief Investment Officers, Robin Davis and Charlie Morris were noted and ranked as individuals and [...]
RoRo Car Shippers Fail in their Attempt to Launch UK Supreme Court Appeal of Cartel Class Action Certification
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 refused to allow a further appeal against certification of the collective action to proceed. In [...]
View the Recording of our Webinar – The UPC: Are you Ready for the June 1 Launch?
The UPC: Are you Ready for the June 1 Launch? The launch of the Unified Patent Court (UPC) is imminent. This new forum launches on June 1st and promises to be a game-changer for patent holders looking to protect their inventions in Europe – enabling a much simpler, more efficient way for them to safeguard and monetize their IP. With [...]
Q&A on Contingent Risk Insurance and Litigation Finance
Bob Koneck (Woodsford) Megan Easley (CAC Specialty) Litigation finance is now widely understood. Lawyers and litigants rightly regard it as an effective means of leveling the proverbial playing field for those with few resources and their adversaries with many. But even—and perhaps especially—among litigants and law firms with adequate resources, litigation finance is an attractive tool for risk-sharing, because it [...]
Register for our Webinar – The UPC: Are you Ready for the June 1 Launch?
The UPC: Are you Ready for the June 1 Launch? The launch of the Unified Patent Court (UPC) is imminent. This new forum launches on June 1st and promises to be a game-changer for patent holders looking to protect their inventions in Europe – enabling a much simpler, more efficient way for them to safeguard and monetize their IP. With [...]
Five members of the Woodsford team included in the latest Lawdragon Global 100 Leaders in Litigation Finance.
We are delighted that five members of the Woodsford have been recognized and included in the latest Lawdragon Global 100 Leaders in Litigation Finance. Our CEO, Steven Friel, both of our Chief Investment Officers, Robin Davis (US) and Charlie Morris (EMEA & APAC), our Chief Operating Officer & GC, Jonathan Barnes, and our Executive Vice President & GC (US), Alex [...]
Shareholder Litigation: The Tool of Last Resort (Interview with ESG Investor)
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 realisation that investors need to use all the engagement tools available to them,” Steven told ESG Investor. [...]
Just Published: Litigation Funding for US Antitrust Matters
Litigation Funding for US Antitrust Matters Few types of litigation rival antitrust matters in terms of their size, complexity and cost. It is due to these basic characteristics, as well as other aspects that we will explore, antitrust matters are a good fit for litigation funding. In this whitepaper, we provide insight into how clients, litigators and funders interact to [...]
Communications with Potential and Actual Litigation Funders are Protected as Work Product under Narrow Fifth Circuit Precedent.
Communications with Funders are Protected as Work Product. By Ryan M. Schultz[i] Recently, the U.S. Government Accountability Office (“GAO”) issued a report regarding its findings related to third party litigation funding. The GAO found that litigation funding is becoming more prevalent in the market as business become more familiar with funding and innovative funding agreement arrangements.[ii] Notably, the GAO found [...]
Woodsford supports further major Australian class actions against car manufacturers with claims filed against Hyundai and Kia
Hyundai and Kia engine defect class actions launched in Australia Class actions were filed yesterday (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 vehicles sold by Hyundai and Kia in Australia were offered for sale with [...]
Nanoco v Samsung – recent developments illustrate the possibilities of big payouts for universities, TTOs and spin-outs
The recent positive developments in Nanoco’s patent infringement lawsuit against Samsung in the US, highlight the possibilities for universities, their technology transfer offices or spin-outs to realise the value of their inventions and protect their intellectual property from the predatory clutches of Big Tech. In short, Nanoco claimed that the South Korean company used its patent-protected cadmium-free quantum dot technology [...]
Bankruptcy Update: FTX and Addressing Corporate Wrongdoing Through Bankruptcy
Bankruptcy Update: FTX and Addressing Corporate Wrongdoing Through Bankruptcy FTX’s stunning implosion last month has left the world in awe. Beginning with a cryptocurrency bank run, followed by an unprecedented and abrupt free fall into a chapter 11 bankruptcy filing, people can’t keep their eyes away from the wreckage. While FTX and its advisors scramble to sort out the balance [...]
3 Pricing Trends in Law Firm Use of Litigation Funding
3 Pricing Trends in Law Firm Use of Litigation Funding Woodsford’s Brendan Dyer recently published an article on LAW360.com looking at how AmLaw 200 firms are responding to their increasing adoption of litigation funding. Three clear trends have emerged - centralization, standardization and analyzing risk on an aggregated basis. Brendan addresses these trends from the perspective of a law firm [...]
