Bill Wilson joins litigation funding firm

Last updated 12:05 21/12/2012

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Former Supreme Court judge Bill Wilson QC has joined litigation funding company LPF Group as a consultant.

Wilson, who resigned as a judge in October 2010 after a complaint alleging bias in an Appeal Court hearing, said he was pleased to join LPF.

"I believe litigation funders have a valuable role in enabling those with well-founded claims to pursue those claims, even if they would otherwise not have been financially able to do so."

LPF director Phil Newland said there was growing demand for litigation funding in lawsuits over insolvencies and building defects, as well as finance company collapses.

As a result it had agreed a joint funding deal with ASX-listed litigation financier IMF (Australia).

Since listing, IMF has completed 137 cases, winning payouts for clients of A$800 million and gross revenue for itself of A$400m.

"Bill Wilson's depth of skills and experience together with the agreement with IMF significantly strengthens our value proposition for plaintiffs," said Newland.

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- BusinessDay.co.nz

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