Therium Group Holdings

What Therium Group Holdings does

Therium Group Holdings is a London-headquartered, privately held litigation funding firm incorporated as Therium Capital Management Limited and operating across five continents with an 11–50 employee base. Founded in 2009 and co-founded by CIO Neil Purslow, the firm provides third-party capital for legal proceedings in exchange for a share of recoveries, with a track record spanning 18 funds, over $1.1 billion raised, and approximately $100 billion in total funded claim value. Its portfolio of cases covers single matters, arbitration, group/class actions, law firm portfolio funding, and corporate portfolio funding across commercial disputes, securities litigation, competition/antitrust, intellectual property, and insolvency.

Service delivery is structured around direct, relationship-based enterprise origination with law firms, corporates, and institutional investors, supported by a portfolio-construction product that the firm states delivers 15–30% cost savings versus single-case funding. Revenue is contingency-based: returns arise only on successful case outcomes, with no public pricing tiers because each arrangement is negotiated on merits, duration, and risk. Marquee matters include the UK Volkswagen dieselgate group action (£193 million settlement), the Post Office Horizon sub-postmasters litigation, Daimler Truck Cartel claims, Commonwealth Bank of Australia, Dominos employee class action, Wirecard investor claims, and Google Safari Workaround representative action.

In October 2025, the group placed legacy funder Therium Capital Management into run-off and launched Therium Capital Advisors (TCA), an independent advisory subsidiary co-founded by Neil Purslow and former Haitong M&A head Harry Stockdale. TCA offers end-to-end advisory — funding strategy, capital sourcing, financial modelling, deal structuring, ongoing case management, and secondary-market advisory — to claimants, law firms and corporates in the UK, continental Europe and Australia. The shift repositions Therium from a principal capital deployer toward a capital-light advisory franchise while retaining credibility built on its funded-claims track record.

Name

Therium Group Holdings

Legal name

Therium Capital Management Limited

Website

https://therium.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Therium Group Holdings is a London-based litigation funding firm providing third-party capital for single cases, arbitration, class actions, and portfolio funding to law firms, corporates, and institutional investors across five continents, and now also operates the Therium Capital Advisors advisory arm.

Ownership category

akta.pro rank

Product category

Litigation Funding Services

NAICS

Finance and Insurance (52), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), International, Secondary Market, and All Other Nondepository Credit Intermediation (522299)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Litigation Finance / Legal Assets Special Situations Funds (FSANAKAK)

akta.pro secondary industries

Private Credit — Litigation / Legal Finance (FSAHAJAL), Bankruptcy Claims Trading / Claims Investing Funds (FSANAKAI), Corporate Secondaries & Portfolio Liquidity Programs (FSANAHAO), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Litigation funding
• Legal finance services
• Class action funding
• Arbitration financing
• Commercial litigation finance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Contingency-Based Litigation Funding: Therium provides third-party funding for legal proceedings in exchange for a share of any monetary recovery from successful cases. The returns are contingency-based, meaning the firm only profits if the litigation is successful.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Therium provides third-party litigation funding for legal claims including single cases, group/class actions, arbitration, and portfolio funding arrangements to law firms, corporates, institutional investors, and individuals. The firm has also launched Therium Capital Advisors (TCA), an independent advisory business helping claimants, law firms, and corporates source, structure, and secure litigation finance.

Product overview

Therium Group Holdings operates primarily through two divisions: Therium Capital Management (the core litigation funding business) and Therium Capital Advisors (an advisory subsidiary launched in October 2025). Therium Capital Management provides third-party funding for a comprehensive range of cases including single cases, arbitration cases, group/class action litigation, law firm portfolio funding, and corporate portfolio funding. The company funds complex cases in areas such as commercial litigation, securities litigation, competition/antitrust litigation, intellectual property disputes, and international arbitration. Therium Capital Advisors was launched as an independent advisory business to help clients source, structure and secure litigation finance, offering services from deal preparation through to secondary market advisory.

Differentiator

Problem solved

Functional benefit

Products and services

• Therium Capital Management The main litigation funding business providing third-party financing for legal claims including single cases, arbitration, group/class action litigation, and portfolio funding to corporates, investors, and individuals.
• Therium Capital Advisors (TCA) Independent advisory services helping claimants, law firms and corporates source, structure and secure litigation finance, including deal preparation, capital sourcing, financial modelling, investor engagement, deal structuring, post-funding case management, and secondary market advisory.
• Single Case Funding Third-party funding for individual legal cases including commercial disputes and litigation. Targeted at corporates, investors, and individuals pursuing single legal claims.
• Arbitration Funding Litigation finance for domestic and international arbitration proceedings, enabling claimants to pursue arbitration claims without bearing the cost themselves.
• Group Litigation / Class Action Funding Funding for group actions and class actions allowing multiple claimants with similar losses to pursue collective redress through the courts.
• Law Firm Portfolio Funding Financing arrangements for law firms to fund multiple cases simultaneously as a single investment opportunity, offering 15-30% cost savings compared to single-case funding.
• Corporate Portfolio Funding Funding solutions for corporates to finance their legal claims and disputes across a portfolio of matters, enabling balance sheet management and access to justice.

Quantifiable outcome

• Funded claims valued at approximately $100 billion globally
• +1 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and notable.

• Therium Capital Advisors (TCA)coreOthers · 6 October 2025Newly launched independent advisory division providing litigation finance advisory services to claimants, law firms and corporates. TCA is led by Neil Purslow and co-founded by Harry Stockdale, bringing together litigation funding expertise and investment banking capabilities.
• Provenio Litigation LLPnotableStrategic or Co-development Partner · 16 September 2020Partnership to launch a £50 million litigation fund for high-value commercial claims. Provenio is a specialist litigation law firm.
• DRRT (Domestic Rescue and Recovery Team)coreStrategic or Co-development PartnerDRRT is a partner law firm that Therium works alongside to bring international litigation claims. They have collaborated on major cases including Wirecard (Germany), Steinhoff (multi-jurisdictional), and Danske Bank (Denmark). DRRT specializes in international litigation and asset recovery.
• Association of Litigation Funders (ALF)coreOthersIndustry self-regulatory body for the litigation funding industry in England and Wales. Therium is a member and subject to ALF's regulatory framework.
• International Legal Finance Association (ILFA)coreOthersInternational industry association for legal finance. Neil Purslow serves as Chairman of ILFA. Therium participates in industry advocacy and standard-setting.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Burford Capital: The world's largest publicly listed litigation funder, offering single-case, portfolio, and post-judgment financing to corporates, law firms, and investors. Burford is Therium's most direct competitor across virtually all product lines and geographies.
• Omni Bridgeway: Global litigation funder formed by the merger of IMF Bentham and Omni Bridgeway, providing arbitration, single-case, and group-action funding across Europe, Australia, and North America. Like Therium, it manages multiple fund vintages and is regularly named alongside Therium as a market leader.
• Woodsford Litigation Funding: London-based specialist litigation funder offering single-case and portfolio funding for international arbitration and commercial disputes. Comparable in scale and product mix to Therium, with similar lawyer-led underwriting model.
• Harbour Litigation Funding: UK and Bermuda-based litigation funder providing single-case and portfolio funding across commercial, antitrust, and securities disputes. Operates from the same London market as Therium and competes directly for the same law firm and corporate mandates.
• Augusta Ventures: UK litigation funder focused on commercial disputes, insolvency claims, and group actions. Similar in size, product set, and London-centric distribution to Therium, often appearing in the same Chambers and Legal 500 rankings.
• Longford Capital: US-focused commercial litigation funder providing single-case and portfolio financing to corporate plaintiffs and law firms. Comparable to Therium's corporate portfolio product line and competes in the cross-border antitrust and securities space.
• Bench Walk Advisory: Independent litigation finance advisory firm helping claimants and law firms source and structure third-party funding. Directly comparable to Therium's new TCA advisory business launched in October 2025.
• Calunius Capital: London-based litigation funder providing single-case and portfolio funding for international arbitration, commercial, and insolvency claims. Comparable in scale and product breadth to Therium's core funding operations.
• Litigation Capital Management: Australia- and UK-listed litigation funder offering single-case, portfolio, and adverse-cost funding across commercial and class actions. Comparable to Therium across the same product types, with overlapping Australian exposure.

Emerging players

• Parabellum Capital: Newer litigation funder specializing in niche commercial disputes and cross-border claims, founded by former Burford and Omni Bridgeway professionals. Smaller and more concentrated than Therium but competes for similar mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/therium-capital-management-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Therium Group Holdings