UK Litigation Funder Eyes Untapped Parts of US Market

As the market for litigation funding continues to mature, more and more investors view the U.S. as the logical place to expand.

On Monday, U.K.-based Woodsford Litigation announced it plans to open an office in Philadelphia, and has tapped former U.S. District Judge Shira Scheindlin, who is currently retired from the bench, as an advisor to its investment panel. It plans to invest $150 million in the next two years, and put 75 percent of that, or $112.5 million, into domestic U.S. litigation, according to its CEO Steven Friel.

[caption id="attachment_3407" align="aligncenter” width="387"][Image “Judge Shira A. Scheindlin at Big ...