By Stuart Hills, Founder of Riverfleet Limited When the boilerplate becomes the deal… Reviewing a Litigation Finance Agreement, like reviewing any other agreement, is often not the most pleasurable of experiences. Suffice to say, there are better ways to spend your sunny afternoons. You’ve waded through the Definitions, browsed those paragraphs on Interpretation, still not so sure why that needed to be a separate section and you finally reach the ...

By Nick Rowles-Davies Burford Capital, by nearly every metric, is the world’s largest litigation funder by a significant margin, specializing in legal finance, risk management, and complex legal disputes. When considering who to interview next for Legal Finance Expert (LFE), I picked up the phone and called my old friend, Joe Durkin. Joe Durkin is a Senior Vice President in Burford’s asset recovery business, responsible for legal finance investments across ...

By Patrick Rode The German Federal Court of Justice (Bundesgerichtshof, "BGH") yesterday delivered a landmark ruling that injects significant new uncertainty into the economics and logistics of funding mass cartel damages claims in Germany. In its decision dated 12 May 2026 [1] concerning the truck cartel litigation, the court held that extreme claim bundling can constitute abuse of rights – but failed to establish clear standards for where the line ...

By Nick Rowles-Davies In 2025, at least six US states enacted or materially amended statutes regulating third-party litigation funding. Georgia, Kansas, Oklahoma, Colorado, Arizona and Montana each addressed, in different combinations, disclosure, funder registration, foreign funding, funder control and discoverability.1 Indiana and Louisiana belong in the same trend but not in the same cohort: both were 2024 enactments already in force before the 2025 wave had fully developed.2 No two ...

By Andrew Baker, partner at leading audit, tax and consulting firm RSM UK Law firms engaged in litigation may face numerous accounting and funding challenges, particularly in the case of Group Litigation or Class Actions Litigation cases are often characterised by a long lifecycle, with fees typically structured on a ‘no win, no fee’ basis. Financial risk is taken on by the litigating law firm or specialist litigation funders, with ...

By Samuel Arksey Third-party litigation funding (‘TPLF’) is now a multibillion-dollar asset class with a material presence in mass torts, class actions, and complex commercial arbitration across the United States, the United Kingdom, Australia, and Continental Europe. Once largely confined to insolvency practitioners, it has expanded to provide capital for claims that would not otherwise be brought. That expansion has brought into sharper focus a structural feature of the ...

By Nick Rowles-Davies Legal Finance Expert speaks to the practitioners who shaped litigation funding from the inside. When the question came up of who to interview next, one name surfaced first. Stephen Hunt is a renown insolvency practitioner known for complex and contentious work. His provisional liquidator appointments in the late 1990s shaped both the law and the conventions of that area. He has since led significant cross-border tracing ...

By Nick Rowles-Davies In November 2025, European Commissioner Michael McGrath announced that the European Commission would not proceed with legislation on third-party litigation funding.1 The decision followed three years of institutional work. The European Parliament had passed a resolution calling for regulation by an overwhelming majority in September 2022.2 The Commission had funded a comprehensive mapping study covering all twenty-seven Member States and four non-EU jurisdictions, published in March ...