Litigation Finance Giants Form Trade Group to Counter Regulation

Six of the largest litigation finance firms are banding together to launch an international trade association aimed at unifying the growing industry’s voice to counter regulation efforts.

The International Legal Finance Association will launch on Tuesday with founding members including Burford Capital, Harbour Litigation Funding, Longford Capital Management, Omni Bridgeway, Therium Capital Management, and Woodsford Litigation Funding.

Those firms have in total deployed more than $5 billion in current litigation finance activity, the association said in a statement.

The industry, where third parties invest in cases and are only paid if they generate a return, has grown dramatically in the ...