2023 London ILFA Conference: Legal finance allows meritorious claims to proceed
When businesses have been harmed by rule breaking behavior, legal finance helps companies large and small to be made whole and enforce any obligations owed to them, regardless of liquidity or budget restrictions.
In its most common form, legal finance is provided to pay for costs associated with commercial litigation or arbitration (lawyers’ fees, case expenses, etc.) or to accelerate the value of pending claims, judgments, awards or fees, in exchange for a portion of the ultimate recovery. Financing can be provided for a single commercial matter or for multiple matters combined in a cross collateralized portfolio (which can include both plaintiff and defense matters).
Companies from startups to the Fortune 500 use legal finance to defray the cost of pursuing significant litigation recoveries and to accelerate the value of those recoveries so that they can use their capital efficiently.
About the panel
The panel included: Amaury de Bruijn, Associate Director Legal, Royal FrieslandCampina; Chris Campbell, Senior Litigation Counsel, Baker Hughes; Emma Carr, Partner and Co-Chair of ThinkHouse, Gowling WLG; Karl Hennessee, Senior VP, Head of Litigation, Investigations and Regulatory Affairs, Airbus; Paul Salazar, Principal Counsel, Siemens; and was moderated by Ellora Macpherson, Managing Director & Chief Investment Officer, Harbour.
