The International Legal Finance Association (ILFA) will represent the interests of litigations funders and serve as an information base about the use of legal finance, also known as litigation or third-party funding. Its inaugural chair is Leslie Perrin, chair of London-based legal finance firm Calunius Capital and the former managing partner of Osborne Clarke.
ILFA launched this week with 12 members, including the six founding members Burford Capital, Harbour Litigation Funding, Longford Capital Management, Omni Bridgeway, Therium Capital Management and Woodsford Litigation Funding. According to ILFA, its membership currently represents more than $10bn in commercial legal finance activity.
Perrin said: ‘The commercial legal finance industry is one of the fastest growing finance sectors in the world.’
