News

ALFA Conference: Recommendations of the ALRC

The Association of Litigation Funders of Australia successfully held its second series of conferences in Melbourne and Sydney in March 2019. With almost 200 people attending the sell-out events, the Association was focused in creating a balanced debate on the recommendations that arose from the ALRC Report in January 2019.
With presentations from Justice's Derrington, Lee and Murphy as well as a lively contribution from ASIC, AICD, insurers, academics, defence and plaintiff law firms, the Association is extremely thankful to the participants and audience for making the event the success it was. 
Thank you to all our sponsors for their support of the Association and its events. 

ALFA Conference - March 2019

Following the release of the Australian Law Reform Commission report in January 2019, the Association of Litigation Funders of Australia has brought together key stakeholders to discuss the implications arising from the report and the likely approach of Government to implementing the recommendations in March 2019.

With thanks to our Conference sponsors for their generous donations:  Goal Group, Ironbark Funding, KordaMentha, Herbert Smith Freehills, Phi Finney McDonald, Vincents, Johnson Winter & Slattery, and Woodsford Litigation Funding.

Conferences will be held in Sydney and Melbourne and tickets can be purchased for the events here.

ALRC Final Report

The Australian Law Reform Commission has released its final Report “Integrity, Fairness and Efficiency- An Inquiry into Class Action Proceedings and Third-Party Litigation Funders” and this was tabled before Parliament on 24 January 2019. A link to the ALRC’s report can be found here.

Inaugural Conference

The Association of Litigation Funders of Australia will be holding their Inaugural Conference in response to the latest ALRC inquiry into Class Action Proceedings and Third-Party Litigation Funders. The event will be held in both Melbourne and Sydney in late October 2018.

ALFA would like to thank the following conference sponsors for their generous donations: Goal Group, Ironbark Funding, KordaMentha, Corrs Chambers Westgarth, Monash Business School, Ethical Regulation and Research Group, Pretium Funding, Slater & Gordon Lawyers, Herbert Smith Freehills, Phi Finney McDonald, Comprehensive Legal Funding, Vincents, Johnson Winter & Slattery, Woodsford Litigation Funding and Ashurst.

Tickets can be purchased for the events here.

Inquiry into Class Action Proceedings & Third-Party Litigation Funders

In August 2018, the Association of Litigation Funders of Australia (ALFA) delivered its submission to the Australian Law Reform Commission’s (ALRC) inquiry into Class Action Proceedings and Third-Party Litigation Funders. 

CEO of the Association Stuart Price said “The process to work with local and offshore litigation funders to develop a response to the inquiry that reflects a balanced and considered view of the industry, was extremely satisfying. The submission to the inquiry by the Association focused on the inherent risks that exist both locally and globally and relied upon empirical data for guidance to the extent these risks demand further regulation.”  
 
The submission by the Association to the ALRC can be downloaded here.

Establishment of The Association

In April 2018, the Association of Litigation Funders of Australia was established. Litigation Lending Services (LLS) was a founder member of this Association along with Augusta Ventures, Balance Legal Capital, Grosvenor Litigation Services, Investor Claim Partner (ICP) and Vannin Capital. The Association has appointed LLS CEO Stuart Price as the inaugural CEO and Managing Director of the Association.
 
Mr Price said “The commencement of an Association of Litigation Funders in Australia is an important milestone to reach. This demonstrates the importance and willingness of the industry to actively engage with the government, legislators, regulators and other policy makers to shape the regulatory environment for litigation funding in Australia. It is a privilege to work with the litigation funders active in Australia particularly at a time where there are reviews underway on the industry and the way it operates."