With London-based Woodsford choosing Philadelphia for its U.S. base of operations this week, there’s a new, much bigger, litigation funder in town. And that could bring a change in how Philadelphia litigators view and use third-party financing.
Litigation funding isn’t entirely new to Philadelphia, as smaller investors and out-of-state funds have gotten involved in a number of cases, lawyers said. Several players in Philadelphia’s litigation landscape said Woodsford’s target market—litigation boutiques with claims between $10 million and $50 million—best describes business litigators, and particularly intellectual property practices.
