© 2017 The Texas Lawbook.
By Brooks Igo
(Feb. 28) – Bentham IMF, an Australian-based litigation funder, recently announced it has launched a Houston office with former Yetter Coleman partner Eric Chenoweth.
Chenoweth will lead Bentham’s investments in litigation matters originating in Texas and the Southwest. He says the opportunity to get into litigation funding was interesting and attractive.
“It is a growing business,” he said. “One of the things I want to accomplish is letting other lawyers in Houston and across Texas know about the advantages of litigation funding and educate them about the misconceptions.”
Chenoweth, who was a partner at Yetter Coleman for 13 years, says litigation funding, like contingency work, is a rewarding experience and is a new way to do it on a broader scale.
Bentham is the first global commercial litigation finance firm to open an office in Texas, according to its announcement. The litigation funder did already have a prominent Texas tie, though – Houston trial lawyer Stephen Susman is a member of the firm’s advisory board.
The Houston office opening comes on the heels of Bentham announcing this month it raised $200 million, backed by a U.S. hedge fund, to scale up its U.S. operations. Bentham, which entered the U.S. in 2011, has offices in New York, San Francisco and Los Angeles.
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