Firm / Organisation

Therium Capital Management Limited

This content is provided by Therium Capital Management Limited.

CEO: John Byrne

Overview & History:
Therium is one of the world’s leading providers of litigation and arbitration funding. It is also one of the largest litigation funders having raised over $1 billion since its foundation in 2009.

Over that period, Therium has funded claims with a total value exceeding £39 billion including many of the largest and most high profile funded cases in the UK and internationally. The firm has investment teams in the UK, USA, Australia, Spain, Germany and Oslo, supplementing its resources in its corporate headquarters in Jersey, Channel Islands.

Therium has consistently been at the forefront of innovation in litigation finance, pioneering the combined use of insurance tools alongside funding vehicles, and introducing portfolio funding products into the UK. The firm’s ability to develop innovative funding arrangements and bespoke financial solutions for litigants and law firms complements its unmatched experience and rigorous approach to funding a wide range of commercial disputes throughout the world. Therium has gained a reputation for funding some of the largest and most complex cases in the market, often with proceedings touching on the same issue across multiple jurisdictions. Funding commitments on the largest cases regularly exceed £20m and Therium’s funded cases regularly appear in the list compiled by The Lawyer of their Top 20 Litigation Cases to watch for each year.

Therium is also extremely active in funding arbitration and has funded arbitrations under rules of the LCIA, ICC, UNCITRAL, LMAA, AAA, CIETAC, ICSID, Stockholm Chamber of Commerce, under the Energy Charter Treaty and ad hoc arbitration. Funded arbitrations originate from the above jurisdictions and also from the Middle East, Africa, Asia and Latin America.

Therium won the ‘Insolvency Litigation Funder of the Year Award’ at the 2018 ‘Turnaround, Restructuring and Insolvency’ awards in London in recognition of Therium’s innovative approach to litigation funding, the geographical diversity of cases funded and client satisfaction. The Judges said: ‘In a strong field, judges were impressed by the significant scale and range of this global business. Therium set itself apart by a series of powerful and persuasive testimonials, demonstrating a commitment to their clients and the wider industry.’

Therium Capital Management was top ranked for the second year running by Leaders League in its global ranking of litigation funders, and was the only litigation funder to have received top rankings across all jurisdictions in both litigation and arbitration. Neil Purslow, Patrick Dempsey, Eric Blinderman, Christoph Kuzaj and Henrik Jensen all received special mentions. And in May, Law Dragon recognised five of Therium’s investment officers as global leaders in litigation finance.

To mark Therium’s ten year anniversary, the firm launched a not-for-profit funding initiative, Therium Access, and has announced grant commitments in excess of £1million. The first initiative of its kind, Therium Access’s sole purpose is to promote access to justice through funding projects and cases which would not be capable of being funded on a commercial basis. As the primary expression of Therium’s CSR policy, Therium Access is a mark of the firm’s wider commitment to the pursuit of justice and the rule of law. Therium has been shortlisted for several awards for launching this ground-breaking initiative, including the FT Innovative Lawyer Awards 2019 and the Lexis Nexis Awards 2020.

Therium is a founder member of the Association of Litigation Funders of England and Wales and Neil Purslow, Therium’s CIO, is on the board.

Services:
■ Litigation Finance
■ Arbitration Funding
■ Funding for Group Litigation & Class Actions
■ Single Case Funding
■ Financial Markets Litigation Funding
■ Portfolio Funding with Law Firms
■ De-Risking & Monetising Claims
■ Monetising Judgments & Awards

Case Highlights:
■ Consumers v VW re Dieselgate
■ Road Haulage Association v Man SE and Others
■ Michael O’Higgins FX Class Representative Limited v Barclays Bank and Others
■ Richard Lloyd v Google Inc
■ Co-operative Group Food Limited v Mastercard and Visa
■ PCP v Barclays Bank plc
■ Bates & Others v Post Office
■ Shank v Unilever
■ Atlant Entreprenor v City of Oslo
■ Webb v GetSwift Ltd
■ Shareholders v Commonwealth Bank of Australia Ltd