As the market for litigation funding continues to mature, investors are becoming increasingly attracted to the American market when looking to expand. One reason is that the costs of such services have increased. Woodsford Litigation Funding has recently made a significant expansion into the litigation market in US.
Lewis Baach Kaufmann Middlemiss is a global litigation boutique recognized for its work on international commercial and financial disputes, intellectual property issues with a focus towards patent litigation, insurance and reinsurance advice and representation, financial compliance and white-collar defense and investigations.
Woodsford Litigation Funding is a provider of tailored litigation financing solutions for businesses, individuals and law firms including both single case and portfolio litigation funding and arbitration funding.
The two organizations have agreed to offer clients the financing of high value litigation based on a shared philosophy and belief in one other’s ability to deliver. As Eric L. Lewis, senior partner of Lewis Baach, states “This agreement provides not only financial resources to facilitate meritorious litigation, but also creates synergies of litigation judgment and sensible management that are beneficial to lawyers, funders and clients alike. We are excited about this new and exciting chapter in our relationship.”
Steven Friel, Woodsford’s CEO, commented “Lewis Baach is exactly the type of firm we like to support. A great group of lawyers, handling complex, high value litigation on the international scene. Like Woodsford, the lawyers at Lewis Baach are committed to the principle of access to justice.”
The $20 million deal was announced after Hong Kong bill that legalizes third party funding of arbitration and the arbitration of intellectual property was passed in June 2017.