A full stock of cases in areas such as international arbitration is attracting litigation funders to Washington, D.C. during the latest months. One example is Validity Finance which announces the opening of an office in the region as part of the firm’s expansion.
Litigation funder Validity Finance lands in D.C. market in a bid to invest in more international arbitration cases. Nicole Silver, a former Greenberg Traurig litigator, as investment manager together with Bert Rein, Wiley Rein co-founder, as a senior adviser, will help lead those efforts.
Launched in 2018, Validity Finance has four U.S. offices and one in Tel Aviv, Israel. The firm said in September that since its launch, it had committed nearly $300 million to clients in more than 40 separate investments.
Validity Finance is the second litigation funder to expand to D.C. in the past three months. But others as Omni Bridgeway also announced in February the opening of a D.C. office as part of an effort to expand its antitrust expertise.
Several law firms, meanwhile, remained active on the recruiting front in the nation’s capital. Some names are Dentons and Irell & Manella who made splashy hires in the lobbying and intellectual property spaces. Former Squire Patton Boggs policy adviser and ex-U.S. Rep. Joe Crowley, D-N.Y., became Dentons’ senior policy director, while ex-Federal Circuit Judge Kathleen O’Malley joined Irell & Manella as of counsel.