UK-wide - Litigation Funding Advisers - Professional Advisers: Litigation Support - Chambers and Partners
Chambers & Partners has detected the use of an ad blocker.
We make use of tailor-made ads to enhance your experience of our website.
Please 'whitelist' https://www.chambersandpartners.com.
Close
Professional-Advisers-Litigation-Support Guide

Litigation Funding — UK-wide

Band 1

Calunius Capital LLP

From the Chambers Professional Advisers: Litigation Support guide

Calunius is a highly respected funder with a "good team" and a long history in the funding space. The firm is known for its focus on arbitration, an area in which the judgement of its team is well regarded.

A reliable, long-standing funder with over GBP200 million in capital, Calunius has the experience and capacity to fund large cases, and will consider matters with a minimum claim value of GBP7.5 million. They consider litigation in common law jurisdictions and most EU countries, as well as commercial and investor-state arbitration in major international institutions.

Clients value their prudent due diligence process. One insolvency practitioner remarks that "their approach was extremely professional: they look carefully, and their costings are good." Peers praise the "sophistication in the way they approach transactions."

Notable practitioners

Leslie Perrin, chairman of Calunius, is a well-respected figure in the litigation funding industry. Praised for his prudent, "cautious" approach to funding, he is regarded as an asset to clients. In addition to his work at Calunius, which largely revolves around arbitration matters, Perrin is the Chairman of the Association of Litigation Funders of England and Wales (ALF).

Mick Smith, co-founder of Calunius, is a highly regarded and respected figure in the funding market, particularly in relation to arbitration proceedings. One peer praises him as "someone who wouldn't mess the client around, could assess the case to a high level, and who you could trust to do it well."

^ See whole ranking table

Band 1

Harbour Litigation Funding Limited

From the Chambers Professional Advisers: Litigation Support guide

An early groundbreaker in litigation funding, Harbour is a respected veteran of the industry. Clients and peers note its funding experience, as well as the team's ability to accurately and quickly judge the merits of a case. Commentators remark that "they understand what the case is about instantly - they're incredibly on the ball."

The firm has raised over GBP760 million across four funds, with the most recent launching in March 2018, and considers cases with small or large claim values. Clients have praised their "efficient" decision-making process, and their decisive approach. "They are no-nonsense: they know what cases they want, and do them well," says a client.

Their dedication to cases undertaken receives praise, with one lawyer commenting that "once they commit to funding, they are totally committed," while another remarks that "if things go wrong, you feel like they're a solid firm to deal with."

Work highlights

Provided funding to the Kazakhstan Kagazy group to pursue a London High Court claim for fraud against the former CEO and CFO of the group. Judgment was given in its favour in late 2017 following a 13-week trial.

Notable practitioners

Susan Dunn, is a co-founder of Harbour Litigation Funding and a seasoned veteran of the industry. She is widely known as "one of the biggest names in funding in the UK." Clients appreciate her varied and deep experience, while market sources laud the fact that "she has done an incredible amount for the industry, helping to carve it out of nowhere." Her track record includes the origination of over 130 cases with a cumulative claim value of in excess of GBP3 billion.

^ See whole ranking table

Band 1

Therium Capital Management Limited

From the Chambers Professional Advisers: Litigation Support guide

Therium Capital Management is a highly respected and versatile funder, with a reputation for backing large-scale class actions. "They will look at things a bit differently and are willing to take risks," reports one client, while another believes that their funding of high-profile cases such as class actions against Volkswagen and a shareholder action against Lloyds Bank "shows guts."

Founded in 2009, the firm has considerable experience in the funding market worldwide and has significant capital to deploy. Its total funds of GBP586 million includes GBP100 million in the second close of its latest fund. Therium's typical investment is between GBP500,000 and GBP5 million.

Lawyers and clients appreciate that they are "very professional and very user-friendly in terms of the issues that can arise" in the course of litigation. Their "streamlined" decision-making process and ability to "manage expectations" surrounding the prospects of a case also come in for praise.

Work highlights

Therium provided funding to a group of 5700 Lloyds TSB shareholders in their GBP600 million action against Lloyds Banking Group for breach of fiduciary duty in connection with the 2008 acquisition of HBOS.

Notable practitioners

Neil Purslow is Chief Investment Officer at Therium, which he also co-founded. He receives considerable plaudits for his intelligent, reliable and nimble approach to cases. Prior to his decade of experience as a litigation funder, Purslow spent ten years as a lawyer in dispute resolution. Clients attest that he is "a safe pair of hands in a risky industry," and "the cleverest thinker in funding, who understands the business. He's very easy to deal with and speedy at turning things around."

^ See whole ranking table

Band 2

Bench Walk Advisors LLC

From the Chambers Professional Advisers: Litigation Support guide

Formed by a core team of experienced funders from Orchard Global Asset Management, Bench Walk Advisors have a growing reputation for their efficient and intelligent approach to funding. Clients appreciate their ability to balance the need for careful due diligence with the urgency of a case. "They analyse cases very cerebrally, but very quickly - they join the dots fast," reports one source, while another applauds their "snappy" decision making.

The firm is able to leverage considerable assets to fund litigation and arbitration, investing in cases with an expected settlement quantum of GBP1 million to GBP5 million.

The team is praised both for its legal expertise and its commercial approach. "Everyone is professional and on the ball," says one client. Lawyers appreciate their willingness to put the client's needs first: "Bench Walk's mantra is that if it doesn't work for the client, it doesn't work for them."

Notable practitioners

Adrian Chopin, Managing Director at Bench Walk's London office, is a valued partner to his clients. Praising him as "very switched on," with "great adaptability and great flexibility," lawyers appreciate his legal and financial backgrounds and ability to get the job done. One client reports that "he was immediately commercial, understood the right questions and focused on the most important issues, without being cursory or jumping the gun."

^ See whole ranking table

Band 2

Burford Capital

From the Chambers Professional Advisers: Litigation Support guide

The world's largest litigation funder, Burford Capital is noted by a range of sources for its innovative approach to the industry. The firm was a pioneering player in the development of portfolio funding, which arrangements now account for a significant portion of its investments.

Burford has over USD3 billion in capital commitments, invested globally in a wide variety of jurisdictions and forums. They are especially well known for their backing of large, complex cases. As one client remarks, "if you've got large exposures, and if you need someone to have a deeper grasp of the issues, they're very good."

Their standing as being at the forefront of developments in the field is well established, with sources attesting that they are "sophisticated in identifying opportunities in the market and being proactive with the firms they work with." Their staff of trial lawyers also makes them "very good at anticipating issues around trial," report lawyers.

Work highlights

Burford entered into an innovative multimillion-pound portfolio financing arrangement with leading litigation firm Shepherd and Wedderburn. The funding structure aims to allow the firm to offer a wider and more expansive range of alternative fee arrangement to clients without themselves incurring additional risk.

^ See whole ranking table

Band 2

Vannin Capital

From the Chambers Professional Advisers: Litigation Support guide

Vannin Capital are respected funders of litigation and arbitration, praised for their willingness to consider less straightforward cases. "They were open-minded about assessing the case on its own merits," remarks one client.

They garner particular praise for their work in arbitration, with one client regarding them as "one of the leaders" in funding the field. Many of their staff members are themselves ex-arbitration practitioners "who have a good understanding of the market."

Clients appreciate their "rigorous but fair" due diligence process, which is based on "very detailed analysis." Arbitration practitioners report that "they deal with decision making in a sophisticated fashion."

Work highlights

Vannin funded a claim in the English High Court brought against a Dutch corporation for breach of contract in relation to the unpaid purchase price for land sold to the defendant by the claimant. The case settled within six months of funding being agreed.

Notable practitioners

Rosie Ioannou is a highly valued member of Vannin Capital's team. Her clients appreciate her professionalism, responsiveness and "conscientious and rigorous" approach to funding. Her litigation expertise is widely commented on, while one industry expert says that "she is fantastic. Exceptional with the media, and incredibly good at articulating complex financial issues and legal trends."

^ See whole ranking table

Band 3

Augusta Ventures

From the Chambers Professional Advisers: Litigation Support guide

Augusta are a respected funder structured to handle a larger than usual number of cases, serving the lower-value end of the market. They are regarded as "very forward-thinking" for their work in funding small claims, and are praised for taking on "David and Goliath type cases."

Considering claim values as low as GBP200,000, Augusta are lauded by clients for being "very entrepreneurial, constructive and helpful, with a can-do, supportive environment." Another notes their response to problems in a case, saying: "Augusta were resolute even in challenging circumstances, and got on with the job."

The team's experience in the industry is appreciated by clients, with one litigation practitioner calling them "switched on and experienced. They are friendly, responsive and personable."

Notable practitioners

Louis Young is an experienced and respected figure in the litigation funding market. He is valued by lawyers as being "very proactive and very entrepreneurial, and he will come up with a solution," as well as for the fact that "he knows what can and can't be done in funding." Young is the managing director of Augusta Ventures.

^ See whole ranking table

Band 3

Balance Legal Capital

From the Chambers Professional Advisers: Litigation Support guide

Balance Legal Capital is an "energetic" funder of litigation and arbitration, considering cases with anticipated damages of at least GBP3 million. Founded in 2015, Balance is regarded by some commentators as "a market disrupter" in the industry that has gained a reputation as being "up and coming, and hungry."

The legal expertise and experience of Balance's team is praised by clients and industry experts, who call them "clever, bright, and able." Their knowledge is especially valued by clients during due diligence, who say: "They are experienced litigators who understand what questions to ask and what the answers mean."

They also receive praise as stalwart partners who involve themselves closely with the case. "They really engage with you," says one source, with another adding that "they really got behind us and wanted to understand the case."

Notable practitioners

Robert Rothkopf, founder and managing partner of Balance Legal Capital, is a former disputes practitioner noted for his funding work. Market sources regard him as "a really dynamic individual," and he is praised for being "an extremely smart, able solicitor - it really feels like you've got an additional legal team with you that also recognise that it's not their job to do the lawyering."

^ See whole ranking table

Band 3

Woodsford Litigation Funding

From the Chambers Professional Advisers: Litigation Support guide

Woodsford is a private litigation funder with a roster of experienced heads guiding investment decisions. They are noted for their willingness to consider unusual, less straightforward cases, especially in that they will consider backing family law cases.

The firm most often funds claims of between GBP5 and 50 million, though it will consider claims starting at GBP3 million. Clients appreciate the firm's meticulous due diligence process, which "adds great value" to their cases. This process, sources say, allows Woodsford to be "plugged in from the outset, so that they can continue to make contributions to the case."

Work highlights

Woodsford provided GBP647,000 in funding to Norscot Rig Management to allow it to pursue successful arbitral proceedings against Essar Oilfields in a dispute concerning over USD12 million in unpaid costs. The matter was of special significance to the legal finance sector in that Sir Phillip Norton of the ICC held that fees owed by Norscot to Woodsford were recoverable from Essar.

Notable practitioners

Steven Friel is an experienced disputes practitioner who is held in high esteem as an adviser to Woodsford's clients. Clients appreciate his ability to combine his litigation expertise with a commercial approach. One seasoned barrister reports that "he is very impressive. He has a razor sharp legal mind, is intellectually curious, and has strong business sense." He is CEO of Woodsford Litigation Funding.

^ See whole ranking table

Band 4

Chancery Capital

From the Chambers Professional Advisers: Litigation Support guide

A recently established group, Chancery Capital brings together several experienced litigators and funders, and offers bespoke funding solutions. With substantial capital backing, the firm is a sizeable player in the market.

The firm seeks primarily to enter into portfolio funding arrangements in the belief that they allow for a greater variety of cases to be pursued, including matters that would not be brought under a case-by-case funding approach.

Notable practitioners

Nick Rowles-Davies, founder and CEO of Chancery Capital, has a well-earned reputation as a "particularly innovative" figure in the industry. Having been involved in the industry for nearly a decade, Rowles-Davies is a "well-respected figured for whom I have no end of regard," says one commentator, and one who played an instrumental role in the development of portfolio litigation funding. One peer calls him "an originator: he goes out and gets deals like no one else."

^ See whole ranking table

Band 4

Manolete Partners PLC

From the Chambers Professional Advisers: Litigation Support guide

Manolete Partners are a well-known funder of small insolvency claims, and are valued for their role in bringing access to justice to this underserved end of the market. One barrister praises them for "not just changing the way that litigation is brought, but changing the the sheer scale on which litigation is brought."

Litigators appreciate the firm's "straightforward" due diligence process, as well as their "very supportive" role during the litigation process. One practitioner says that working with Manolete "feels like a proper partnership: it feels like you still call the shots."

Work highlights

Backed Stylus Sports Limited (in Liquidation) in a successful claim for compensation from Hastings Borough Council in connection with the decision to close the town's pier during 2006. Manolete had bought the claim from Stylus following its liquidation and fought the case to the UK Supreme Court.

^ See whole ranking table

Band 4

Redress Solutions

From the Chambers Professional Advisers: Litigation Support guide

Redress Solutions is a funder of both commercial litigation and arbitration, backing cases with anticipated settlements of more than GBP500,000. Redress offer valued expertise to their investees, leading one commercial litigator to remark that "it's like having an additional colleague to bounce ideas off."

Sources appreciate their "extremely quick and very simple decision-making process" and the fact that they are "very responsive and very aware of the factual and legal issues that we were facing." They have experience in funding cases in multiple jurisdictions and practice areas, including insolvency and breach of contract matters.

Work highlights

Redress backed one of the first third-party funded cases brought before the Ontario Superior Court of Justice. The case concerned a Swiss national who contended that Valeant Pharmaceuticals had avoided payment of a commission to him, in breach of a contract between the parties.

^ See whole ranking table

Bench Walk Advisors LLC

From the Chambers Professional Advisers: Litigation Support guide

Adrian Chopin, Managing Director at Bench Walk's London office, is a valued partner to his clients. Praising him as "very switched on," with "great adaptability and great flexibility," lawyers appreciate his legal and financial backgrounds and ability to get the job done. One client reports that "he was immediately commercial, understood the right questions and focused on the most important issues, without being cursory or jumping the gun."

^ See whole ranking table

Harbour Litigation Funding Limited

From the Chambers Professional Advisers: Litigation Support guide

Susan Dunn, is a co-founder of Harbour Litigation Funding and a seasoned veteran of the industry. She is widely known as "one of the biggest names in funding in the UK." Clients appreciate her varied and deep experience, while market sources laud the fact that "she has done an incredible amount for the industry, helping to carve it out of nowhere." Her track record includes the origination of over 130 cases with a cumulative claim value of in excess of GBP3 billion.

^ See whole ranking table

Calunius Capital LLP

From the Chambers Professional Advisers: Litigation Support guide

Leslie Perrin, chairman of Calunius, is a well-respected figure in the litigation funding industry. Praised for his prudent, "cautious" approach to funding, he is regarded as an asset to clients. In addition to his work at Calunius, which largely revolves around arbitration matters, Perrin is the Chairman of the Association of Litigation Funders of England and Wales (ALF).

^ See whole ranking table

Therium Capital Management Limited

From the Chambers Professional Advisers: Litigation Support guide

Neil Purslow is Chief Investment Officer at Therium, which he also co-founded. He receives considerable plaudits for his intelligent, reliable and nimble approach to cases. Prior to his decade of experience as a litigation funder, Purslow spent ten years as a lawyer in dispute resolution. Clients attest that he is "a safe pair of hands in a risky industry," and "the cleverest thinker in funding, who understands the business. He's very easy to deal with and speedy at turning things around."

^ See whole ranking table

Vannin Capital

From the Chambers Professional Advisers: Litigation Support guide

Rosie Ioannou is a highly valued member of Vannin Capital's team. Her clients appreciate her professionalism, responsiveness and "conscientious and rigorous" approach to funding. Her litigation expertise is widely commented on, while one industry expert says that "she is fantastic. Exceptional with the media, and incredibly good at articulating complex financial issues and legal trends."

^ See whole ranking table

Nick Rowles-Davies

Chancery Capital

From the Chambers Professional Advisers: Litigation Support guide

Nick Rowles-Davies, founder and CEO of Chancery Capital, has a well-earned reputation as a "particularly innovative" figure in the industry. Having been involved in the industry for nearly a decade, Rowles-Davies is a "well-respected figured for whom I have no end of regard," says one commentator, and one who played an instrumental role in the development of portfolio litigation funding. One peer calls him "an originator: he goes out and gets deals like no one else."

^ See whole ranking table

Calunius Capital LLP

From the Chambers Professional Advisers: Litigation Support guide

Mick Smith, co-founder of Calunius, is a highly regarded and respected figure in the funding market, particularly in relation to arbitration proceedings. One peer praises him as "someone who wouldn't mess the client around, could assess the case to a high level, and who you could trust to do it well."

^ See whole ranking table

Woodsford Litigation Funding

From the Chambers Professional Advisers: Litigation Support guide

Steven Friel is an experienced disputes practitioner who is held in high esteem as an adviser to Woodsford's clients. Clients appreciate his ability to combine his litigation expertise with a commercial approach. One seasoned barrister reports that "he is very impressive. He has a razor sharp legal mind, is intellectually curious, and has strong business sense." He is CEO of Woodsford Litigation Funding.

^ See whole ranking table

Balance Legal Capital

From the Chambers Professional Advisers: Litigation Support guide

Robert Rothkopf, founder and managing partner of Balance Legal Capital, is a former disputes practitioner noted for his funding work. Market sources regard him as "a really dynamic individual," and he is praised for being "an extremely smart, able solicitor - it really feels like you've got an additional legal team with you that also recognise that it's not their job to do the lawyering."

^ See whole ranking table

Augusta Ventures

From the Chambers Professional Advisers: Litigation Support guide

Louis Young is an experienced and respected figure in the litigation funding market. He is valued by lawyers as being "very proactive and very entrepreneurial, and he will come up with a solution," as well as for the fact that "he knows what can and can't be done in funding." Young is the managing director of Augusta Ventures.

^ See whole ranking table