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LITFINCON’s inaugural conference kicked off last week at the Post Oak Hotel in Houston, Texas with attendees from around the world. Guests had a front-row seat to several thought-provoking conversations about the growing asset class, moderated by various industry experts.

The LITFINCON event featured a variety of timely and insightful panel discussions. Here are some key takeaways from the two-day conference:

Day one highlighted current trends, the state of the industry, the best strategies for seeking litigation funding, and the relationship between corporate legal services and litigation funding.

The day kicked off with the “Views From The Judiciary On All Things Litigation Finance” panel, which was definitely a crowd favourite. Three distinguished judges shared their insights: The Honorable Charles R. Eskridge, III, of the United States District Court for the Southern District Court of Texas, The Honorable Andrew M. Edison, of the United States District Court United for the Southern District of Texas, and the Honorable Lauren Reeder of the 234th Judicial District, Harris County. They offered their unique perspectives, as only practicing judges can, on a variety of issues affecting litigants, funders and plaintiffs.

Day 2 highlighted what investors need to know about this asset class, when and how to use a broker when seeking funding, technology trends in the legal field, and expert information on how to form funds. Day 2’s lunch break was something special, as it featured Making Lawyers Laugh, LLC comedy director Sheng Weng, who was recently seen on tour with Ali Wong and was a stand-up star on HBO’s “2 Dope Queens” special. Sheng also wrote for the ABC show “Fresh Off the Boat.” He entertained the guests and had them laughing out loud – a unique addition to the conference agenda.

Guests enjoyed rare in-person networking opportunities and the opportunity to establish new business relationships. The list of attendees included industry leading companies such as: Omni Bridgeway, Yieldstreet, Liti Capital, Law Finance Group, Polsinelli, Schulte Roth & Zabel, CAC Specialty, Parker Poe, 4 Rivers Legal, Critchfield, Critchfield & Johnston, Roche Freedman, Women of Litigation Finance (WOLF), Global Litigation Consultants, DE Shaw & Co., Arran Capital, Law Office of Philip A. Reale, Dunning Rievman and Kerberos Capital Management.

Overall, participants were delighted with how the event went. We’ve gotten some stellar reviews, a handful of which are offered here:

“LITFINCON has been a very positive experience. The range of speakers and panelists was impressive and much of the ground related to current industry trends was covered. The attendees were a good representation of the major players in the industry, namely lenders, lawyers and advisers/brokers. Texas is still a relatively nascent third-party financing market and there are undoubtedly some exciting opportunities there, particularly in the energy and intellectual property sectors. Siltstone has done a great job putting this together and I’m already looking forward to the 2023 renewal!

  • Peter Petyt (CEO and co-founder, 4 Rivers)

“It was a pleasure to discuss how corporate legal departments can use litigation funding at the inaugural LITFINCON. The diversity of perspectives and experiences of my distinguished co-panelists really contributed to a candid discussion. and fluent on what more can be done to acclimate corporate legal departments to the exciting possibilities presented by litigation funding.

  • Gaston Kroub (Partner, Markman Advisors)

“The litigation funding industry is growing rapidly, which makes networking at events like LITFINCON both important and exciting. We are building something together. It is especially important that we share best practices and find ways to communicate them to stakeholders who may not be aware of them, such as litigation clients and members of the judiciary. LITFINCON has done a great job of bringing together a diverse group and sharing this information.

I particularly enjoyed the “Crypto” panel, “How will blockchain, cryptocurrency and other technological innovations impact litigation and the legal field”. It’s nice to attend a conference that offers new information and perspectives.

  • Lauren Harrison (Vice President/Investment Advisor, Law Finance Group)

According to Siltstone Capital, the event organizer, LITFINCON was such a success that the second facility is already in the planning stages.

“Our entire team at Siltstone Capital was honored to host industry leaders at our inaugural LITFINCON. LITFINCON attracted a global array of speakers and attendees to help promote best practices in the growing and ever-malleable field of legal private credit. Hosting the conference in Houston, Texas also helped advance the field of legal private credit into one of the largest legal markets in the country. We look forward to hosting LITFINCON II in March 2023.”

  • Mani Walia (Managing Director and General Counsel, Siltstone Capital)

“The first LITFINCON was a huge success. It received rave reviews. I would like to thank all the sponsors, panelists and participants from around the world – London, Geneva, New York, Miami, San Francisco and Austin. LITFINCON highlighted the growing field of litigation funding and the importance of Texas as a hub that unites all participants in the legal field. Siltstone Capital is excited to build on the momentum and advance the field of litigation funding by hosting LITFINCON II in March 2023. We expect the event to be two to three times larger!

  • Robert Le (Founder and Managing Partner, Siltstone Capital)

We’re also excited for the 2023 release and can’t wait to bring you a recap of that event next year as well!

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About John Freud