International Legal Finance Association

Woodsford is a founder member of the International Legal Finance Association (ILFA), the global voice of the commercial legal finance industry, representing its interests before governmental bodies, international organisations and professional associations and serving as a clearinghouse of relevant information, research and data about the uses and applications of commercial legal finance.

A key role of ILFA is to establish and promote general principles of best practice for the industry, ensuring that legal finance companies follow the highest standards and processes that clients have a right to expect.

‍ILFA members have each committed to uphold the following Best Practices:

  • Clarity – ILFA members should provide services to users in a clear and forthright manner. The terms, expectations and contractual arrangements associated with the financing should be set forth unambiguously and comprehensively. The process of obtaining financing should be transparent.
  • Respecting duties to the courts – ILFA members should not interfere with the performance of lawyers’ duties to the courts and to their clients and respect the proper administration of justice.
  • Avoid conflicts of interest – ILFA members will maintain effective systems to detect and manage potential conflicts of interest, including conflicts that could affect the enforcement of an award or judgment.
  • Preserve confidentiality and legal privilege – ILFA members will only receive confidential or privileged information pursuant to an approach which is expected to be respected in the relevant jurisdiction(s) and take all necessary steps to preserve confidentiality and legal privilege in information which they receive.
  • Capital adequacy – ILFA members should not make investment commitments without having adequate capital available or reasonably projected to be available to meet those commitments.

Woodsford’s COO, Jonathan Barnes sits on the Management Committee of ILFA.

For further information, visit the ILFA website.

Testimonials

“I would strongly recommend Woodsford – the team is made up of very experienced litigators who have practised at top firms who understand the cases and the strategy behind them, and they are always on hand and responsive as needed if we want their input.”

Ben Summerfield,
 Partner, Reed Smith (London)

Testimonials

“We have had the privilege of working with Woodsford over many years. We have seen first-hand the resources and the resolve they bring to the equation which, when combined with a strong claim, a determined client, and a formidable legal team, can make the difference between justice delivered or denied.”

Eric L. Lewis, Senior partner
 Lewis Baach Kaufmann Middlemiss (New York)

Testimonials

“The entire working relationship and experience has been not only a pleasure from the outset but also a master class in professionalism.”

Damian James
 Partner, Collas Crill (Jersey)

Testimonials

“Clients and counsel want funders with established track records of funding cases through to completion; ample resources to handle the expense of litigation; the fortitude to weather the uncertainties that are an inevitable feature of litigation; the ability to make funding decisions without inordinate delay; and the ability to offer sound advice along the way, while still respecting the autonomy of the client and the ethical duties of the lawyer to his or her client.”

Eric L. Lewis, Senior partner
 Lewis Baach Kaufmann Middlemiss (New York)

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Our team offers a unique blend of legal and financial expertise. We use our own in-house legal capability and deploy our own funds, rather than relying on external advice or capital.

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About Woodsford

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Downloads

Keep ahead of the latest thinking in litigation and arbitration funding with our series of papers and comment pieces, as well as brochures, product sheets and case studies which can be downloaded as PDFs.

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