September 27, 2021

The global razor industry is worth $11 billion and the margins are amazingly healthy, which explains why Gillette is so aggressive in defending its turf against competitors. When former Gillette executives left to set up a competitor, they were smothered by litigation from their former company, with claims that they misappropriated trade secrets and engaged in unfair competition, and that the employees breached non-disclosure agreements. Thankfully Shavelogic was able to access litigation funding from Burford Capital and ultimately Gillette’s claims were dismissed as without merit. The ten years of battles for this entrepreneurial start-up look now to be paying off. Two weeks ago, the company announced that it has raised $100 million in growth capital from Jefferies.
Big Law has a long track record of internal squabbles over contingent fee payments and, despite the role that litigation funding plays in the increased use of contingent fee billing, lawyers are not interested in the advice of litigation funders on how best to structure compensation decisions, according to sources at two major litigation funders.
Adam Grossman of science-based data analytics firm Praedicat counts eighteen US cases of climate litigation against energy companies since 2017, and with better science to support claims and a shift towards smaller plaintiffs (cities and counties vs. states), litigation funders are jumping in to provide resources. Adam also predicts another wave of cases developing in the not-too-distant future in which meatpackers, trucking companies and makers of diesel engines could soon be added to the list of defendants.
Sophy Woodward of HFW recaps the rapid changes that have occurred in the past few years across the class action and litigation funding landscape in Australia and notes that the most significant impact of these developments has been a marked decrease in the number of class actions funded by litigation funders. In 2019 59% of class actions were known to have received third party funding. In 2020 the figure was approximately one third, despite more class actions being filed. Read more.

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