Litigation Luck: Therium raises £325m to take it over the $1bn mark

May 8, 2019

1 min read

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What's going on here?

Therium, a leading global provider of litigation funding, has raised £325 million from institutional investors to bankroll more high-value legal actions.

What does this mean?

Therium has now exceeded $1 billion (£758 million) in funding adding onto the £200m it raised last year, demonstrating that its asset fund is gaining popularity. Therium’s co-founder Neil Purslow said it is a “huge sign of maturity” in the sector where investors can expect “private equity type double-digit returns.” The firm’s business model involves Therium funding lawsuits and then taking a portion of the damages if successful – and with the recent successful funding round, it doesn’t look like the firm will be slowing down anytime soon.

What's the big picture effect?

The firm has financially supported class action lawsuits against big names (such as the class action against Volkswagen in its emissions scandal). The company has recently opened an office in Australia to add to its teams in the UK, USA, Germany, Spain and Norway.  The funds raised will be used to invest in more litigation and arbitration cases globally across a variety of sectors.

Therium acknowledges the demand for litigation and arbitration not only for companies, but for private individuals too. This has motivated their recent launch of the groundbreaking Therium Access, which is a fund of £1m that will provide pro-bono litigation funding. Through this scheme, the company is aiming to facilitate access to justice. Although Therium is known for providing upfront financing to high-profile lawsuits, John Byrne, co-founder of Therium, acknowledged that this is an area of unmet need. By helping those in need and defending access to justice, the company is demonstrating the direction of its corporate social responsibility programme.

Report written by Maab S

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