What Erso Capital does

Erso Capital is a London-headquartered global litigation finance firm founded in 2021 by James Blick, Matthew Amey, and James Delaney, operating across the UK, US (Irvine, California), and the Isle of Man. The firm provides non-recourse funding to businesses and law firms pursuing commercial litigation and arbitration, with individual case investments ranging from USD $1M to $25M and portfolio facilities from USD $10M to $300M. Its product suite comprises Single Case Finance, Law Firm Finance (supporting DBAs and CFAs), Award Monetization (advances or purchases of judgments up to $200M), and Corporate Portfolio Solutions offering cross-collateralized structures for enterprises with multiple cases.

Erso monetizes litigation exposure through success fees structured as multiples of invested capital, percentage of damages, or the greater of the two, alongside transaction-based spreads on award monetizations. The firm is backed by institutional investors across two successive funds, with Fund 1 having closed its investment period at end-2024 and Fund 2 launched in May 2025 with a stated focus on patent litigation, ESG, and mass claims. A core differentiator is its strategic affiliation with TheJudge Group (Band 1 Chambers & Partners UK for Litigation Support Brokerage, five consecutive years), which enables bundled funding-plus-insurance solutions including adverse costs insurance, security for costs, contingency fee insurance, and judgment preservation insurance.

Customer segments span corporate claimants with meritorious commercial disputes, law firms operating under alternative fee arrangements, and judgment creditors seeking monetization. Deal flow is sourced through relationship-based enterprise sales targeting senior decision-makers, complemented by law firm referrals, the TheJudge/Thomas Miller Group network, conference participation (e.g., ITA mining arbitration), and earned media such as Legal 500 'Firm to watch' US & UK 2025 and LawDragon 2024 recognition. The firm is a member of the Association of Litigation Funders of England & Wales, complying with its Code of Conduct on capital adequacy, termination, and settlement controls.

Name

Erso Capital

Legal name

Erso Capital Limited

Website

https://ersocap.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Erso Capital is a London-based global litigation finance firm (founded 2021) that provides non-recourse funding, law firm finance, award monetization, and corporate portfolio solutions to claimants and law firms pursuing commercial disputes and arbitration across the UK, US, and EU.

Ownership category

akta.pro rank

Product category

Litigation Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

Keywords

• Litigation funding
• Commercial litigation finance
• Arbitration funding
• Award monetization
• Law firm financing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Litigation Funding Success Fees: Erso Capital provides non-recourse litigation funding and earns returns through success fees calculated as a multiple of invested capital, a percentage of damages, or the greater of the two. When a funded matter succeeds, the funder is first reimbursed for funds expended and then receives a success fee. In the UK post-PACCAR environment, the firm typically structures returns based on multiples of investment.
2. Award Monetization: Erso Capital advances funds on judgments or awards pending appeals or enforcement, or purchases awards outright. This generates revenue through the spread between advance amount and final recovery.
3. Portfolio Finance and Law Firm Funding: Erso provides financing facilities to law firms managing portfolios of litigation or arbitration matters, as well as cross-collateralized structures for corporate clients with multiple cases.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Erso Capital is a global litigation finance firm that provides non-recourse funding to businesses and law firms pursuing commercial litigation and arbitration. Its core offerings include single-case finance, law firm finance for alternative fee arrangements, award monetization (advances or purchases on judgments), and corporate portfolio solutions for enterprises with multiple matters.

Product overview

Erso Capital operates as a global litigation finance firm offering a portfolio of funding solutions for commercial litigation and arbitration. The core product suite comprises Single Case Finance (capital for individual litigation matters), Law Firm Finance (alternative fee arrangement support), Award Monetization (advances or purchases on favorable judgments), and Corporate Portfolio Solutions (cross-collateralized facilities for enterprises). Strategic affiliate TheJudge provides complementary litigation insurance products including Adverse Costs Insurance, Security for Costs Solutions, Contingency Fee Insurance, and Judgment Preservation Insurance, creating a comprehensive litigation finance and insurance offering. Funding is typically provided on a non-recourse basis with capital commitments typically between USD $1M and $25M for individual cases, and portfolio investments from USD $10M to $300M.

Differentiator

Problem solved

Functional benefit

Products and services

• Single Case Finance Non-recourse capital provided to businesses to cover legal fees and expenses while pursuing a single litigation or arbitration matter, including commercial disputes, IP claims, mass claims, and investment treaty arbitrations. Individual case investments typically range from USD $1M to $25M.
• Law Firm Finance Capital facilities extended to law firms to manage risks and cash flow associated with alternative fee arrangements (DBAs, CFAs, or contingency fee arrangements), supporting single cases or portfolios of matters.
• Award Monetization Advances of funds on amounts owed from favorable judgments pending appeals or enforcement, or outright purchase of awards. Transactions have ranged from a few million USD to $200 million in capital advances.
• Corporate Portfolio Solutions Financial solutions for larger corporate enterprises with several distinct cases, including cross-collateralized structures to cover capital cost of non-recourse financing. Enables corporations to bring forward value in contingent legal assets for revenue recognition, with facilities from low tens of millions to several hundred million dollars.
• Adverse Costs Insurance Litigation insurance that indemnifies claimants for the opponent's legal fees if a case is lost, offered through Erso's strategic affiliate TheJudge.
• Security for Costs Solutions Insurance-backed financial guarantees provided in favor of defendants to satisfy security for costs orders as an alternative to lodging large capital sums.
• Contingency Fee Insurance Insurance coverage for law firms acting under alternative fee arrangements such as DBAs or CFAs, offered through the TheJudge partnership.
• Judgment Preservation Insurance Post-award coverage protecting against appeal or annulment of awards, enabling clients to monetize awards with reduced enforcement risk.

Quantifiable outcome

• Award monetization transactions ranging from few million USD to $200 million in capital advances
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Erin BrockovichflagshipStrategic or Co-development Partner · 29 May 2025Renowned environmental advocate, author, and media personality joined Erso Capital's mission in May 2025. Will support bringing capital to causes that matter, with focus on both major plaintiff firms and smaller practices ensuring regional voices are heard.
• TheJudge GroupcoreStrategic or Co-development PartnerTheJudge is Erso's strategic affiliate specializing in arranging litigation insurance solutions. Ranked Band 1 by Chambers & Partners for 5 consecutive years. Acquired by Thomas Miller Group in 2019. Provides adverse costs insurance, contingency fee insurance, security for costs, and judgment preservation insurance. This partnership allows Erso to offer comprehensive solutions combining funding with tailored insurance options.
• Appleby (Isle of Man)minorImplementation/ SI/ Consulting PartnerAppleby partner Garry Manley led transactional team for Erso's second fund launch in 2025.
• Hughes Hubbard & ReedminorImplementation/ SI/ Consulting PartnerUS law firm partner Javad Hussain led transactional team for Erso's second fund launch in 2025.
• Association of Litigation Funders of England & WalescoreStrategic or Co-development PartnerErso Capital is a proud member of the Association of Litigation Funders, a self-regulating association for litigation funders in England & Wales. ALF Funder Members abide by the Code of Conduct providing significant protections including capital adequacy requirements, termination and settlement approval rules, and control limitations.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Burford Capital: Largest publicly-listed global litigation finance firm offering single-case, portfolio, and law firm financing across commercial disputes and arbitrations. Direct competitor for premium commercial matters that Erso targets.
• Calunius Capital: London-based litigation funder focused on commercial disputes, insolvency claims, and international arbitration. Direct competitor for mid-to-large commercial matters in the UK and EU.
• Vannin Capital: Global litigation funder (acquired by Fortress Investment Group) providing commercial litigation and arbitration funding. Competes in the same arbitration and complex commercial disputes space.
• Omni Bridgeway: Global litigation funder formed from the merger of IMF Bentham and Omni Bridgeway, offering funding across commercial, arbitration, and class actions worldwide. Competes head-to-head with Erso in arbitration and mass claims.
• Parabellum Capital: North American litigation funder offering single-case and portfolio financing with focus on commercial disputes and mass torts. Direct competitor in the US market where Erso is expanding.
• Harbour Litigation Funding: London-based litigation funder offering single-case and portfolio financing across commercial litigation and arbitration. Comparable client base and product structure to Erso.
• Therium Capital Management: European-headquartered litigation funder offering single-case and portfolio financing across commercial disputes, arbitration, and class actions. Comparable fund structure and deal size range to Erso.
• Longford Capital Management: US-based commercial litigation funder offering portfolio financing and single-case funding for complex business disputes. Direct competitor for corporate portfolio solutions offered by Erso.
• Woodsford Litigation Funding: London-based litigation funder providing funding for commercial litigation, arbitration, and group actions globally. Overlapping UK presence and similar ticket-size profile as Erso.

Emerging players

• Apex Litigation Finance: Specialist UK litigation funder with focus on commercial and insolvency-related disputes. Comparable niche UK presence to Erso but smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/erso-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Erso Capital