Legal Finance Business Group Hires New Leader as ILFA Reaches One-Year Milestone

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A man carrying a briefcase walks through Lafayette Park near the White House in Washington on June 24, 2015. REUTERS / Kevin Lamarque

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  • Funding Trade Group now has 14 members
  • Former DOJ Senior Official Joins as Executive Director and GC

(Reuters) – The International Legal Finance Association has appointed former US Department of Justice official Gary Barnett as executive director and general counsel for the business group, which was launched last year with several big names in the industry litigation financing.

The Global Trade Association announced Barnett’s appointment to the new combined post on Thursday, almost exactly one year after Burford Capital, Longford Capital, Harbor Litigation Funding, Omni Bridgeway, Therium Capital Management and Woodsford Litigation Funding met as members. founders of the group.

Until now, Shannon Campagna has been the general manager of the business group. Leslie Perrin, chairman of London-based Calunius Capital, is chairman.

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Barnett most recently worked in the United States Attorney General’s office as a senior adviser to the attorney general, a role he said he left late last year. Previously, he was also Acting Director of the Office for Victims of Crime and Acting Chief of Staff to former Attorney General Matt Whitaker. Before joining the Department of Justice, Barnett worked in the United States Senate, according to the trade group. He is based in Washington, DC

Barnett will officially take office on Monday, in what he described as “a really exciting booming industry.” He said his new role is to manage and serve group members and educate the public on “what commercial legal finance is.” [and] what commercial legal finance is not.

The litigation finance industry has been the subject of criticism, particularly from the United States Chamber of Commerce and others who have pushed for greater disclosure of funding agreements.

Litigation funders provide capital in various forms to businesses, law firms and individuals involved in litigation and arbitration. The industry and practice has grown globally and in the United States over the past decade, with the emergence or expansion of new stores in recent years.

ILFA now has 14 members in commercial legal finance and is open to more. Perrin said the group wanted to expand its network beyond those in the legal finance industry itself to “people who depend on the legal finance business,” such as law firms, brokers and insurance companies, which could potentially become associate members.

Perrin said the timing of last year’s founding has come at a good time.

“I think we’ve picked a really good time to pitch because all kinds of circumstances have happened around the world,” Perrin said.

ILFA has weighed in over the past year on several challenges, including an investigation into the industry by the Australian Parliament, reforms proposed by the United Nations Commission on International Trade Law and a new court disclosure rule. of the United States District of the District of New Jersey. .

“Across the spectrum of our global interests, there are people who are trying to undermine the contribution of legal finance to the rule of law. And we got there just in time, ”he said.

Read more:

Litigation Finance Firms Join Forces to Counter Skeptics in Lobbying and Public Relations

Litigation funders scream as NJ passes disclosure requirement

Mishcon de Reya partners with litigation funder Harbor for new venture

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Sara merken

Sara Merken reports on data privacy and security, as well as legal affairs, including legal innovation and key players in the legal services industry. Contact her at [email protected]


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