TPF Firms Attract Top Legal Talent

In a recent article from the Wall Street Journal (subscription required), third party funders are rushing to hire top legal talent. Bentham IMF has hired ten new attorneys in the past two years, and “[o]ther firms have hired dozens more” from top firms like Arnold & Porter, Latham & Watkins LLP, Proskauer Rose LLP, and Wachtell, Lipton, Rosen & Katz. Principals at TPF firms have said that their inboxes are full on unsolicited applications and there simply are not enough positions to meet the growing demand.

The Wall Street Journal reports that many of the new hires are flocking to TPF firms because they believe it is […]

TPF Firms Attract Top Legal Talent 2018-08-21T02:14:01+00:00

ICSID to Require Disclosure of Third Party Funding in Amended Arbitration Rules

The International Centre for the Settlement of Investment Disputes (“ICSID”) released its Proposals for Amendments to the ICSID Rules. One change in particular, Proposed Rule 21, creates a new duty to disclose third-party funding.

In a Backgrounder document describing the rationale behind the proposed amendments, ICSID explains that Rule 21 creates an obligation to disclose the existence and source of any third party funding. The obligation is ongoing and the apparent purpose is so that “[the named funder] will be provided to potential arbitrators prior to appointment to avoid inadvertent conflicts of interest.”

ICSID appears to […]

ICSID to Require Disclosure of Third Party Funding in Amended Arbitration Rules 2018-08-04T04:57:00+00:00