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 ...

By Jamaal Summerlin, Founder of CaseFin Many firms underestimate what it takes to secure funding for their clients' cases, and it shows in presentation. A partner emails a funder contact. Attached: a draft complaint, a damages memo, some correspondence. The key facts are scattered. The ask is vague. The funder is left to weigh whether to play Sherlock or move on to the next submission. If you're a known quantity, ...

By Simon Steele-Williams, Partner and Disputes Resolution Solicitor at Parfitt Cresswell Most people associate litigation funding with large commercial disputes, the sort of multi-million-pound claims fought between corporations, frequently involving international arbitration or complex financial litigation. For many years, that perception broadly reflected reality, but recently we’ve started to see a change. It is now being explored as an option in smaller, though still high-value, disputes involving individuals, business partners ...

By Samuel Arksey On 26 July 2023, the UK Supreme Court handed down its ruling in R (on the application of PACCAR Inc and others) v Competition Appeal Tribunal and others [2023] UKSC 28. The decision turned on a statutory definition that most practitioners had never considered. The consequences were immediate and, for domestic funders, severe. The court held that litigation funding agreements (‘LFAs’) calculating the funder’s return as a ...

By Brandon Schuh There is no hiding from the headlines around inflation. This began with uncertainty around U.S. trade policy, particularly tariffs. Then, more recently, the war in Iran created a much more volatile and faster route to price instability. Oil, as Billy Bob Thornton would point out, is in everything. Crude oil, in particular, which diesel fuel is derived from, has its dirty little paws in everything. From fertilizer ...