International law firm PGMBM has announced a new £100 million funding partnership with North Wall Capital, bringing the total size of the partnership to £150 million. According to Bloomberg, the financing agreement allows PGMBM to only use the money for certain cases if they meet pre-agreed rules on what constitutes an ESG suit.
Brown Rudnick has released the agenda for its first annual European Litigation Funding Conference taking place on 17 May 2022 in London. The one-day conference has drawn big names from the international litigation funding market who will discuss topics such as opportunities and innovation in deal structuring, the rise of class actions and opportunities in Europe.
As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.