Top 20 Litigation Finance Law Firms 2022

This report forms part of the Ranking News Legal & Arbitration series, which evaluates specialist dispute resolution firms handling complex cross-border arbitration matters for multinational corporations, sovereign entities, and institutional investors.

Litigation finance firms provide capital to support legal claims, enabling corporations, law firms, and claimants to pursue complex disputes without bearing the full financial risk of litigation. In exchange, litigation funders typically receive a portion of the proceeds if the claim succeeds.

These firms play an increasingly important role in global dispute resolution markets by financing commercial litigation, international arbitration, and class actions. Litigation funding is particularly prominent in jurisdictions such as the United States, United Kingdom, Australia, and parts of Europe, where regulatory frameworks permit third-party funding structures.

The institutions recognized in this ranking represent leading litigation finance firms providing capital and risk management solutions to corporate claimants, law firms, and investors involved in large-scale legal disputes.

Market Overview

The global litigation finance market has grown significantly over the past decade as corporations increasingly seek alternative ways to manage legal risk and litigation costs. Litigation funding allows claimants to pursue complex legal actions while preserving corporate liquidity and reducing balance-sheet exposure.

Large commercial disputes involving intellectual property, competition law, and international arbitration have contributed to the growth of the sector. Litigation finance firms often partner with law firms and corporate clients to structure funding arrangements tailored to specific disputes or portfolios of claims.

Institutional investors have also become more involved in the sector, viewing litigation finance as an alternative asset class with returns that are largely uncorrelated with traditional financial markets. As a result, many litigation finance firms have raised significant capital to support increasingly large dispute portfolios.

Industry Trend — 2022

The litigation finance industry in 2022 continues to expand as corporate legal departments increasingly view litigation funding as a strategic financial tool rather than merely a mechanism for distressed claimants.

Funding structures have evolved beyond single-case financing to include portfolio funding arrangements that support multiple disputes across a corporation’s litigation pipeline. These structures allow businesses to monetize legal claims while managing litigation expenses more efficiently.

Another notable trend is the growing role of litigation finance in international arbitration. As arbitration disputes become more complex and costly, parties increasingly rely on third-party funding to support large claims involving infrastructure projects, financial disputes, and cross-border commercial agreements.

At the same time, regulatory scrutiny of litigation funding has increased in several jurisdictions. Governments and courts are examining disclosure requirements and funding structures to ensure transparency within the dispute resolution process.

Methodology — Core Eligibility Criteria

Firms considered for this ranking were evaluated based on the following criteria:

• Operates primarily as a litigation finance provider
• Provides funding for commercial litigation or arbitration
• Demonstrates experience supporting large legal claims or dispute portfolios
• Maintains operational presence in major litigation markets
• Advises corporate claimants, law firms, or institutional investors

Companies whose primary activities fall outside litigation funding were excluded from this category.

Methodology — Ranking Factors

Firms included in the ranking were evaluated using qualitative institutional indicators including:

• Capital availability and funding capacity
• Experience financing complex legal disputes
• Reputation within the litigation finance industry
• Geographic reach and international dispute coverage
• Institutional relationships with law firms and corporate clients

The Ranking News Top Litigation Finance Firms 2022 ranking evaluates institutions providing capital and financial advisory services supporting global dispute resolution.

The ranking universe consisted of 30 litigation finance firms, from which 20 institutions were selected for inclusion.

Tier classifications reflect relative institutional positioning within the litigation finance sector.

Tier I — Leading Litigation Finance Firms

Burford Capital

• Headquarters: London / New York
• Founded: 2009

Burford Capital is widely regarded as the largest and most prominent litigation finance firm globally. The company provides capital to support commercial litigation, arbitration claims, and portfolio funding arrangements for corporations and law firms. Burford frequently finances large disputes involving multinational corporations and complex international arbitration proceedings. In addition to case financing, the firm also offers risk management solutions and monetization strategies for legal claims. With substantial institutional capital and extensive experience in dispute funding, Burford has established itself as a leading participant in the global litigation finance market.

Omni Bridgeway

• Headquarters: Amsterdam / Sydney
• Founded: 1986

Omni Bridgeway is one of the longest-established litigation finance firms operating internationally. The firm provides funding for commercial litigation, arbitration proceedings, and class actions across multiple jurisdictions. Omni Bridgeway works closely with law firms and corporate claimants to structure funding arrangements tailored to complex disputes. Its portfolio includes cases involving international trade disputes, shareholder litigation, and large commercial arbitration matters. With offices across Europe, North America, and Asia-Pacific, the firm has developed a strong global presence in litigation finance.

Therium Capital Management

• Headquarters: London, United Kingdom
• Founded: 2009

Therium Capital Management is a London-based litigation finance firm that provides funding for commercial litigation and arbitration cases worldwide. The firm supports corporate claimants and law firms involved in complex disputes, particularly those requiring significant legal budgets and long litigation timelines. Therium has financed a wide range of claims including competition disputes, shareholder actions, and international arbitration proceedings. The firm’s ability to structure customized funding arrangements and manage large dispute portfolios has helped establish its position within the litigation finance sector.

Harbour Litigation Funding

• Headquarters: London, United Kingdom
• Founded: 2007

Harbour Litigation Funding is an established litigation finance firm specializing in funding large commercial disputes and arbitration proceedings. The firm works closely with law firms and corporate claimants to structure financing arrangements that support complex litigation strategies. Harbour frequently funds cases involving international arbitration, intellectual property disputes, and large commercial claims. Through its disciplined case selection and experienced management team, the firm has built a strong reputation within the litigation finance industry.

Bentham IMF

• Headquarters: New York / Sydney
• Founded: 2001

Bentham IMF, part of the Omni Bridgeway group, is one of the pioneers of modern litigation finance. The firm focuses on funding commercial litigation and arbitration claims for corporate clients and law firms. Bentham IMF has financed numerous large disputes involving financial institutions, corporate transactions, and international business disputes. Its experience in structuring litigation funding agreements and evaluating legal risk has helped the firm maintain a strong presence in the global litigation finance market.

Tier II — Established Litigation Finance Firms

The Tier II category includes litigation finance firms that maintain active funding portfolios and established relationships with law firms and corporate claimants. These institutions regularly finance commercial litigation and arbitration matters and often structure portfolio funding arrangements designed to manage litigation risk across multiple cases.

(Alphabetical order)

Apex Litigation Finance

• Headquarters: Chicago, United States
• Founded: 2014

Apex Litigation Finance is a Chicago-based litigation finance firm providing funding for commercial litigation and arbitration claims. The firm works closely with corporate claimants and law firms to structure financing arrangements that support complex legal disputes involving contract claims, shareholder litigation, and business torts. Apex focuses on case-specific funding as well as portfolio financing structures that allow clients to manage litigation expenses across multiple disputes. By combining financial analysis with legal case assessment, the firm seeks to identify claims with strong legal merit and favorable economic outcomes. Apex continues to expand its presence within the U.S. litigation finance market.

Augusta Ventures

• Headquarters: London, United Kingdom
• Founded: 2013

Augusta Ventures is a London-based litigation finance firm specializing in funding commercial disputes and arbitration claims. The firm works with corporate claimants, law firms, and investors to develop litigation funding solutions tailored to complex legal proceedings. Augusta focuses on high-value commercial disputes involving corporate transactions, competition law claims, and international arbitration matters. The firm has developed expertise in portfolio funding structures that allow corporate clients to monetize or manage legal claims more efficiently. Through its experience in evaluating litigation risk and structuring financing arrangements, Augusta Ventures has established a recognized position within the European litigation finance sector.

Balance Legal Capital

• Headquarters: London, United Kingdom
• Founded: 2016

Balance Legal Capital provides litigation funding solutions designed to support commercial litigation and arbitration proceedings across multiple jurisdictions. The firm works with corporate claimants and law firms to structure funding arrangements that allow clients to pursue complex legal claims without assuming the full financial burden of litigation. Balance Legal Capital focuses on high-value disputes involving contractual claims, shareholder actions, and commercial arbitration proceedings. Its investment approach emphasizes detailed legal and financial case analysis before committing capital. By offering flexible funding structures tailored to specific disputes, the firm continues to develop its presence within the global litigation finance market.

Bench Walk Advisors

• Headquarters: New York, United States
• Founded: 2016

Bench Walk Advisors is an investment management firm focused on litigation finance as an alternative asset class. The firm structures investment vehicles that provide capital for commercial litigation and arbitration matters. Bench Walk works with institutional investors seeking exposure to litigation funding opportunities while partnering with experienced litigation finance managers to evaluate potential claims. The firm’s investment strategy emphasizes diversified portfolios of legal disputes across jurisdictions and sectors. Through its structured investment platform and focus on litigation finance as an institutional asset class, Bench Walk Advisors has developed a growing presence within the global dispute finance industry.

Certum Group

• Headquarters: Washington, D.C., United States
• Founded: 2014

Certum Group is a litigation finance firm specializing in funding complex commercial disputes and arbitration proceedings. The firm works with corporate claimants and law firms to structure financing arrangements that support large legal claims while managing litigation costs and financial risk. Certum evaluates potential investments through detailed legal and economic analysis of claims, focusing on disputes with strong legal merit and significant potential recovery. The firm frequently supports commercial litigation involving corporate transactions, business disputes, and shareholder claims. Through its expertise in litigation risk assessment and dispute financing, Certum has established a presence within the U.S. litigation finance market.

GLS Capital

• Headquarters: Chicago, United States
• Founded: 2018

GLS Capital is a litigation finance firm providing capital for commercial litigation and arbitration claims involving corporate plaintiffs. The firm focuses on financing large commercial disputes and portfolio funding arrangements that support multiple legal claims simultaneously. GLS Capital works with law firms and corporate clients to evaluate litigation risk and structure funding agreements aligned with long-term legal strategies. Its investment approach emphasizes rigorous case evaluation and careful capital deployment in disputes with strong legal and economic foundations. Since its establishment, GLS Capital has become an active participant in the growing litigation finance sector in the United States.

LexShares

• Headquarters: Boston, United States
• Founded: 2014

LexShares is a litigation finance platform that connects accredited investors with commercial litigation funding opportunities. The firm provides capital to support corporate plaintiffs and law firms pursuing high-value legal claims in U.S. courts. LexShares evaluates potential cases through a legal due diligence process that assesses claim strength, damages potential, and litigation strategy. The firm’s platform-based approach allows investors to participate in litigation finance as an alternative investment opportunity. By combining technology-driven investment access with legal case evaluation, LexShares has established a distinctive position within the litigation finance ecosystem.

Longford Capital

• Headquarters: Chicago, United States
• Founded: 2009

Longford Capital is a litigation finance firm providing funding for commercial litigation and arbitration disputes involving corporate plaintiffs. The firm works closely with law firms and corporate clients to structure funding arrangements that support complex legal claims while managing litigation costs. Longford Capital focuses on high-value commercial disputes involving contractual claims, intellectual property matters, and shareholder litigation. Its investment strategy emphasizes rigorous case evaluation and long-term partnerships with legal practitioners. With significant experience financing commercial litigation matters, Longford Capital continues to maintain a strong presence within the U.S. litigation finance market.

Parabellum Capital

• Headquarters: New York, United States
• Founded: 2012

Parabellum Capital is a litigation finance firm specializing in funding large commercial disputes and arbitration claims. The firm provides capital to corporate claimants and law firms pursuing complex litigation involving business transactions, financial disputes, and international arbitration matters. Parabellum Capital evaluates potential claims through detailed legal and economic analysis before committing funding. The firm frequently structures portfolio funding arrangements that support multiple legal claims within a single financing agreement. Through its experience in dispute financing and litigation risk assessment, Parabellum Capital has established a recognized presence within the global litigation finance industry.

Validity Finance

• Headquarters: New York, United States
• Founded: 2018

Validity Finance provides litigation funding solutions for corporate claimants and law firms pursuing commercial litigation and arbitration claims. The firm structures financing arrangements designed to help clients manage legal costs while pursuing complex disputes involving business transactions, contractual relationships, and financial matters. Validity Finance focuses on high-value litigation matters that require substantial legal budgets and extended litigation timelines. Its team combines financial analysis with legal case assessment to identify disputes with strong potential outcomes. Since its establishment, the firm has expanded its presence within the U.S. litigation finance sector through strategic partnerships with law firms and corporate clients.

Tier III — Litigation Finance Firms

The Tier III category includes arbitration teams within international law firms and smaller arbitration boutiques that maintain recognized participation in cross-border arbitration matters.

These firms continue to contribute to the international arbitration ecosystem by advising corporate and institutional clients on commercial arbitration proceedings.

(Alphabetical order)

• Allen & Overy Arbitration
• Baker McKenzie Arbitration
• Herbert Smith Freehills Arbitration
• Linklaters Arbitration
• Skadden Arbitration

Remarks

Litigation finance firms continue to play an increasingly important role within the global dispute resolution ecosystem. By providing capital to support complex legal claims, these institutions enable corporations and law firms to pursue litigation strategies that might otherwise be financially prohibitive.

As commercial disputes grow larger and more complex, litigation finance is likely to remain an important financial tool for managing legal risk and funding high-value claims.

The firms recognized in this ranking represent institutions whose capital resources, dispute evaluation expertise, and relationships with legal practitioners continue to support the development of the global litigation finance industry.

Organizations included in this ranking may request information regarding authorized use of the Ranking News designation for marketing and communications purposes.

Recognition

Organizations included in the Ranking News Top 20 Litigation Finance Firms 2022 ranking may request information regarding authorized use of the Ranking News designation badge for marketing and communications purposes.

Recognized institutions may reference the designation in:

• corporate websites
• investor communications
• marketing materials
• client presentations

Licensing inquiries:
[email protected]