Transforming Businesses with Litigation Finance: Tips and Strategies Uncovered!
Over the years, companies and large corporations around the globe have not been giving enough attention to the continuously growing industry of litigation finance. This type of funding serves as a transformative financial tool used by in-house legal teams and law firms in pursuit or defense of claims with value to the business, whilst ensuring improved accounting outcomes and reducing unwanted costs and risks. Thus, completely changing the way lawsuits are financed.
However, the opportunities in venturing into the litigation financing market do not come without risks. Companies, organizations and their in-house legal teams should have a complete understanding of the fundamentals and legal framework of litigation finance and keep themselves abreast of the current developments surrounding this industry.
In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will help the audience understand the fundamentals of litigation finance. They will go beyond the basics and provide insights into the recent trends and developments surrounding this significant topic. They will also present key risk mitigation strategies and techniques to avoid potential risks and regulatory pitfalls.
Key topics include:
- The A-Z of Litigation Financing
- Opportunities and Pitfalls
- Ethical and Legal Considerations
- Litigation Finance Disclosure
- Recent Trends and Developments
- How It Transforms Your Business
Benjamin Ruzow, Vice President of Litigation Funding
- The basics of litigation finance: what is it, how does it work, privilege and confidentiality issues, and who controls the litigation?
- Overview on why in-house legal departments should consider using litigation finance, including some less obvious reasons
- Considerations when evaluating potential sources of litigation financing and how to streamline the process
Molly L. Pease, Managing Director
Curiam Capital LLC
- Litigation finance can be used as a law firm business development tool.
- Lawyers should have a solid understanding of the various options for financing so they can properly advise clients.
- Funding can allow law firms to create synthetic contingency fee arrangements and take on cases that they otherwise may not have been able to take on.
- Litigation funding can allow law firms to achieve realization rates above 100% without taking on significant fee risk.
- There are a number of reasons why clients may prefer litigation funding to contingency fee arrangements with law firms.
Paul S. Rand, Investment Manager and Legal Counsel
- What to expect when seeking fund (process, timing, etc.
- The opportunities that litigation funding presents in the context of insolvencies/distressed companies.
- Thoughts on how litigation funding can be attractive to in-house lawyers.
- Indirect benefits and value from working with a funder.
Edward A. Reilly Jr., Co-Founder & Principal
Themis Legal Capital
- Litigation funding as a tool for private equity portfolio companies
- These companies have specific challenges with funding and duration of litigation that lit funding can address
- Litigation portfolio funding to leverage plaintiff claims to offset the costs of the GC’s budget generally
- Litigation funding as a bridge financing tool
- Litigation funding to opt out of class action litigation
- Litigation funding to chase bad debts
- Disclosure concerns with litigation funding – pros and cons
Ben leads litigation finance activities at Argo Partners, a distressed investment firm based in New York. Among his responsibilities are underwriting and sourcing investments in commercial and bankruptcy litigation at both the trial and appellate levels in federal and state courts. Ben is actively involved in the growing litigation finance industry, and frequently attends events nationwide to keep abreast of the latest developments affecting investors, attorneys, and litigants impacted by the field. Given Argo Partners’ rich history in the insolvency space, Ben also maintains an active network of bankruptcy professionals and participates in bankruptcy and receivership-related organizations. Prior to joining Argo Partners, Ben was a litigator at Jones Day and Bracewell, where he represented clients in complex commercial litigation in federal and state courts, including in bankruptcy and appellate litigation.
Ben leads litigation finance activities at Argo Partners, a distressed investment firm based in New York. Among his responsibilities are …
Molly Pease is a Managing Director at Curiam. Ms. Pease leads the day-to-day operations of the firm, while also supporting the firm’s business development efforts and the underwriting and monitoring of Curiam’s investments. Previously, Ms. Pease worked as Executive Director and General Counsel at two boutique law firms where she developed and implemented long-term business strategies in all aspects of firm management including financial analysis and reporting, business development and marketing, human resource recruitment and management, legal project management, and office operations. Ms. Pease began her career as a litigator with a focus on complex commercial and securities disputes on behalf of plaintiffs and defendants.
Ms. Pease received her law degree from New York University School of Law and her undergraduate degree in Industrial and Labor Relations from Cornell University.
Molly Pease is a Managing Director at Curiam. Ms. Pease leads the day-to-day operations of the firm, while also supporting …
Paul Rand is an Investment Manager and Legal Counsel in the Toronto office of Bentham IMF. He brings to the role more than 15 years of experience as a litigator, a manager of commercial litigation matters in-house, and most recently as counsel to clients on sophisticated financing transactions. At Bentham, Paul assesses investment opportunities involving commercial claims, and works with law firms and corporate groups looking to innovate in how they manage litigation assets and risks. Before joining Bentham, Paul was a member the capital markets team at Blake, Cassels & Graydon LLP in Toronto. He has also held in-house positions with Royal Bank of Canada.
Paul Rand is an Investment Manager and Legal Counsel in the Toronto office of Bentham IMF. He brings to the …
Before co-founding Themis Legal Capital, Ed Reilly was a corporate partner with several international law firms, including Goodwin Procter; Morgan Lewis & Bokius and LeBoeuf, Lamb, Greene & McRae. Over the course of his career, he represented corporations and financial sponsors including prominent venture capital, mezzanine, private equity and hedge funds for more than 30 years.
Ed routinely acted as his clients’ de facto general counsel and advised them on a broad spectrum of issues ranging from the prosecution, defense and resolution of litigation and pre-litigation disputes to the structuring and closing of innovative financial transactions. During his tenure in private practice, Ed enjoyed leadership roles including rotations as a managing partner of a growing regional office, a member of a firm-wide administrative committee and the head of a firm’s international private equity initiative.
Since 2012 Ed has immersed himself in the Claim Based Funding business developing a sourcing network, collaborating on case evaluation and transaction structuring with established and emerging fund managers and contributing to academic efforts to promote best practices in the field.
Ed is admitted to the bar in New York, Connecticut and the District of Columbia. He is a graduate of the University of Notre Dame and the Columbia University School of Law
Before co-founding Themis Legal Capital, Ed Reilly was a corporate partner with several international law firms, including Goodwin Procter; Morgan …
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Method Of Presentation:
General knowledge in litigation financing
NY Category of CLE Credit:
Areas of Professional Practice
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About Argo Partners
Argo Partners is an investment firm with over 25 years of experience, specializing in purchasing potential future cash flows of distressed, often bankrupt, companies both in the private and public sectors. Litigation finance is a core business of the firm, which Argo offers to litigants and counsel in bankruptcy and non-bankruptcy cases in federal and state courts at the trial and appellate levels.
About Curiam Capital LLC
Curiam Capital is a private investment firm that provides financing for high-value litigation. Curiam specializes in finding flexible and creative solutions that allow parties to hire the lawyers of their choice to pursue strong legal claims. The investment process with Curiam is thorough but straightforward and efficient. It is designed to ensure that claimants will enjoy substantial recoveries even after the cost of financing is considered. Curiam’s team has decades of experience working on some of the largest and most complex litigations in United States history. The majority external investor of Curiam is Michael Platt, the co-founder and CEO of BlueCrest Capital Management.
About Bentham IMF
Bentham IMF is the Canadian arm of publicly listed IMF Bentham Limited (ASX: IMF), one of the most successful litigation funding companies in the world, with a portfolio that has a total claim’s estimated recoverable amount of $5.6 billion AUD. Together, our companies have 14 offices throughout Canada, Australia, UK, US, and Asia and provide funding to clients in jurisdictions including Canada, Australia, US, UK, Europe, New Zealand, Hong Kong and Singapore. We have reviewed thousands of commercial cases in the past 17 years, funding to completion 179 cases and generating $2.3 billion AUD in recoveries. We have achieved a 90% success rate, with clients utilizing our funding retaining an average of 62% of all case proceeds.
About Themis Legal Capital
Themis Legal Capital provides capital, risk management solutions and strategic support to companies engaged in large, meritorious, commercial legal disputes. The Themis principals and litigation advisory board members are seasoned professionals with extensive backgrounds in the most sophisticated aspects of commercial litigation and finance. Themis invests in situations in which the experience of its principals and litigation advisory board members provide particular insights into the dispute at hand and will add value to the dispute resolution process.