It has been an exciting year in litigation funding with developments relating to common fund orders, debates between the courts regarding the forum for shareholder class actions and the release of the Australian Law Reform Commission’s Final Report on Class Action Proceedings and Third-Party Litigation Funders. We have continued to play an active role in the Association of Litigation Funders (ALFA) during this important year with our Managing Director, Neill Brennan, sitting on ALFA’s Board of Directors.
We are happy to have reached our target of committing $30m to new cases over the last 12 months to May. Our committed capital to cases since commencement in May 2017 is now $45m. This is a result of:
We continue to expand our highly experienced team of in-house lawyers to adequately resource our growth and to provide our best-practice service and quick turnarounds. The Australian team has increased from 8 to 20 over the last 12 months with nearly half having 10-28 years’ legal experience. Given growth demands, we are also very pleased to have opened an office in Melbourne.
During the next 12 months we aim to:
Augusta Australia would like to thank everyone who has supported us during the last two years. We look forward to working with you further and forging new relationships in the future.