The prominent British publication Chambers and Partners has started ranking litigation funders in the United States.
In its inaugural ranking, Chambers and Partners divided six funders into three tiers — Band 1, Band 2 and Band 3.
In Band 1, Bentham IMF and Burford Capital take the top spots. Both funders are based in New York. Burford is considered the largest litigation funder in the world (with a market cap of approximately $4 billion, according to Chambers and Partners).
Band 2 is made up of Lake Whillans Litigation Finance and Longford Capital Management. Lake Whillans is a relative newcomer to the field and closed a $125 million USD round of funding at the end of 2017.
Chambers and Partners did not include any specific methodology regarding its ranking of litigation funding firms in the US. According to a general summary of methodology on the organization’s website, it judges firms based on interviews with clients and other lawyers and by “assessing recent work done.”