The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.
“As legal finance matures, ILFA’s role as the voice of the industry is critical to communicating how litigation finance benefits society and business by supporting the rule of law across the world,” said Gary Barnett, Executive Director of ILFA. “I am thrilled to announce our new Board—led by Therium’s Neil Purslow, that will help to shape the future of this global industry.”
“I also want to thank our outgoing launch Chairman Leslie Perrin for his service and dedication to our association and the industry at-large. Under his leadership, we have successfully transitioned to a new organizational structure, one that well positions ILFA as the voice of the global legal finance industry. I further appreciate his willingness to provide, and look forward to, his continued counsel as we move forward.”
Neil Purslow, Chairman of ILFA said: “It is an honour to take over as Chairman of ILFA from Leslie who is one of the pioneers of legal finance and I am grateful for his continued commitment to shaping the future of this important industry. I look forward to working with Gary, fellow board members and colleagues across the industry to support the continued growth and sustainable development of legal finance so that it can continue to provide much needed capital solutions and investment in the law.”
The Board of Directors is comprised of members who serve on a volunteer basis and includes senior leaders and founders of global commercial legal finance companies. The Board members include:
- Jonathan Barnes, Chief Operating Officer at Woodsford Group Ltd.
- Christopher Bogart, Chief Executive Officer at Burford Capital
- Christopher DeLise, Chief Executive Officer at Delta Capital
- Susan Dunn, Co-Founder at Harbour Litigation Funding
- Allen Fagin, Board Member and Senior Advisor at Validity Finance
- William P. Farrell, Jr., Managing Director and General Counsel at Longford Capital
- David Gallagher, Senior Vice President at D.E. Shaw & Co., L.P.
- Ian Garrard, Managing Director at Innsworth Advisors
- David Icikson, Chief Operating Officer at Parabellum
- Kevin McCaffrey, Chief Executive Officer at Law Finance Group
- Hassan Murphy, Managing Partner at TRGP Investment Partners LP
- Jack Neumark, Managing Director at Fortress Investment Group
- Neil Purslow, Co-Founder and Chief Investment Officer at Therium
- Andrew Saker, Chief Executive Officer and Managing Director at Omni Bridgeway
- Marcel Wegmüller, Co-Founder and Co-Chief Executive Officer at Nivalion
The Board of Directors named the following executive committee members:
- Chairman: Neil Purslow co-founded Therium in 2008 and is the firm’s Chief Investment Officer. A solicitor with over 22 years’ experience, he was previously Litigation Counsel in-house for Marsh & MacLennan Companies, Inc. (MMC), prior to which he was in practice in the City of London with US firm Reed Smith and Withers. Neil has led investments in litigation and arbitration valued in excess of $15 billion, including many of the largest and most high-profile funded cases in the market. He is also a founding board member of the Association of Litigation Funders, the self-regulatory body for the industry in England and Wales and is regularly invited to speak at conferences and quoted in the media on issues related to the industry. Since it was first published in 2018, Neil has been consistently recognized as a leading individual in the litigation funding industry by Chambers and Partners. He gained an MA in Jurisprudence from the University of Oxford in 1995.
- Christopher DeLise is the Chief Executive Officer of Delta Capital. Previously, Mr. DeLise was an Equity Partner at K&L Gates LLP his practice focused on representing investment funds, financial institutions, Fortune 500 companies, and institutional and individual investors in matters ranging from fund formation and governance to compliance, and from cross-border M&A and strategic and financing transactions to all facets of starting, operating and selling technology companies. Mr. DeLise also served as Chairman of the Private Investment Funds practice group at Husch Blackwell LLP, and prior to that was an attorney in the private equity practice group of DLA Piper LLP. In 2008, he was one of only 86 attorneys in the U.S. named to the BTI M&A Transactional All-Star Team based on a survey of Fortune 1000 companies, and in 2011 he was named a 2011 Illinois Super Attorney by his legal peers.
- Susan Dunn is co-founder of Harbour Litigation Funding and is one of the most experienced and well-known professionals in the funding sector. A pioneer of litigation funding in the UK, Susan has been sourcing and investing for over 15 years’ and during this time has provided significant input to the development of public policy. Susan was a founding member of the Association of Litigation Funders of England and Wales, and continues to play an important role with this body. Susan has previously worked as a litigator in the UK and the US where she was also a diplomat (Vice-Consul Investment), for the British Government.
- Jack Neumark is a Managing Director, serving on the investment committee for the Credit Funds. Mr. Neumark also heads the Legal Assets Group of the Credit Funds Business at Fortress Investment Group LLC and is a member of the management committee of Fortress. Prior to joining Fortress, Mr. Neumark was a Senior Vice President at Plainfield Asset Management, a large-distressed debt hedge fund based in Greenwich, CT where he was involved in distressed debt and special situations investments. Mr. Neumark also previously practiced law at Wachtell, Lipton, Rosen & Katz in the restructuring and finance group, and at Simpson Thatcher & Bartlett LLP in the corporate group.
- Andrew Saker is the Chief Executive Officer and Managing Director of Omni Bridgeway and is based in the New York office. Andrew was a partner at a leading provider of corporate recovery, insolvency management and restructuring services throughout Australia and Asia for 16 years. During this period, he managed the Indonesian and Perth operations and assisted with billion-dollar cross-border restructuring assignments throughout the world including in Indonesia, the Philippines, Singapore, China, Argentina, Kazakhstan, Europe, the US and Canada. Mr Saker has managed hundreds of large claims across a range of industries including mining, telecommunications, energy, aquaculture, property, manufacturing, infrastructure, banking and finance.
- Marcel Wegmüller is a co-founder and co-CEO of Nivalion. Marcel has over 10 years’ experience in international disputes funding and established and led the first Swiss litigation funder. Previously, he held various senior positions at Credit Suisse Group. He holds a master’s in law degree from the University of Zurich, is admitted to the Swiss bar and has completed executive programs at INSEAD and London Business School (LBS). He is recognized by Who’s Who Legal as a Thought Leader in Third Party Funding and by Lawdragon as an outstanding litigation funder.
ILFA also recently announced Delta Capital Partners Management LLC, a U.S.-based private equity and advisory firm specializing in litigation finance, judgment enforcement, asset recovery, and related strategies, as its newest member.
For more information, visit www.ilfa.com