Brown Rudnick bolsters Litigation practice in New York

Brown Rudnick added Michael Winograd as a partner in the firm’s New York office. He joins as a member of the firm’s Commercial Litigation Practice Group.

With over two decades of experience at leading international law firms, Winograd represents large corporations, private equity firms and financial institutions in high stakes litigation. His practice is focused on a broad range of commercial, securities, bankruptcy, and other complex civil litigation, as well as regulatory proceedings and internal investigations.

“Michael is a tremendous litigator bringing a breadth of knowledge in complex litigation and stretching across industries, including healthcare, financial services and sports,” said Neil Micklethwaite, Managing Director of Brown Rudnick’s Dispute Resolution Department. “In the current litigation landscape, our clients regularly inquire about a range of matters from the uptick in healthcare litigation and bankruptcy proceedings, to best practices to avoid litigation specific to their industry. Michael’s twenty years of experience make him a valuable asset to our growing litigation practice, and we are excited to welcome him to the team.”

Winograd has litigated in federal and state courts throughout the United States and before domestic and foreign arbitration panels and regulatory agencies. He has successfully litigated matters through judgment, negotiated settlements, and represented clients on both sides of expedited applications for emergency relief. He also routinely counsels entities and their boards on strategy and risks in connection with potential disputes and transactions.

“The quality and reputation of Brown Rudnick’s lawyers are second to none, and the firm’s collaborative global platform and specialised feel of a true law partnership focused on providing quality service make it a perfect fit for me and my practice,” said Winograd. “The firm’s strategic growth in key markets and industries matches up well with the needs of my client base and will broaden my practice’s capabilities in a range of complex litigation matters. I look forward being a part of this exceptional team.”

Winograd is an adjunct professor at the Fordham University School of Law and co-founder of the Harlem Education Advancement Fund (HEAF) Legal Mentoring Program, where he was a recipient of the HEAF Long-term Volunteer Service Award.

After playing professional soccer in Israel and coaching men’s soccer at the University of Richmond, Winograd co-started a second division professional A-League soccer franchise. In 2018, he was a second-ballot candidate for President of U.S. Soccer.

Winograd earned his J.D. from University of Pennsylvania Law School, cum laude, Order of the Coif, and his B.A. from Lafayette College.

If you would like to find out more information, please visit: http://www.brownrudnick.com/

Litigation PHOTO

Litigation funder nears £1bn commitment to new investments

Growing global demand for litigation funding has been highlighted by a leading player reporting a massive increase in investment commitments. Burford Capital Limited said it made around £960m in new commitments in 2017. This was more than three times the £280m invested during 2016, which itself was up 83% on the previous year.

Burford says the latest figures show continued growth in demand for capital in its core litigation business, with just over half of its commitments attributed to portfolio finance.

Given the growth being experienced, the London stock exchange-listed company says it will hold meetings with fixed income investors to discuss a bond issue for raising extra funds.

Burford said in a stock exchange update that it was not yet in a position to provide guidance on its 2017 financial results, which are due to be released on 14 March.

Christopher Bogart, Burford’s chief executive, said: ‘The new commitments made during the year have the potential to generate significant future income in the years to come and reflect a robust legal finance market that Burford continues to lead.’

Investors responded positively, with the share price rising 5.4%.

Last year the company pledged an eight-figure sum to fund several cases brought by UK top-100 firm Shepherd & Wedderburn.

It is one of a number of litigation funders expanding in recent years and finding a more receptive audience among the previously-sceptical legal profession.

While markets in the US, UK and Australia are now well established, funders have also opened offices in South America and South East Asia in recent years. Burford opened a new Singapore office last year and appointed a former Allen & Overy lawyer to head operations there. This following the passage of new laws in the region that facilitated the litigation finance sector.