ILFA offers numerous member services, including:
Regulatory developments: monitoring and informing members of relevant legislative and regulatory developments taking place in key jurisdictions around the world and providing a forum for members to review and share views on industry developments.
Advocacy: acting as a spokesperson for members to government authorities and agencies, parliamentary bodies, multilateral institutions, the general public, and other entities. And representing the legal finance industry on legislative and regulatory developments via affirmative, coordinated public relations and public policy activities, including responding to policy proposals, consulting with government bodies and international organisations and facilitating cooperation between stakeholders.
Code of Conduct: recommending a Code of Conduct for the legal finance industry to promote best practices in the sector in the interests of funded clients.
Case Law: monitoring and intervening if appropriate in litigation where questions related to the legal finance industry are before the courts or other adjudicative bodies.
Public Awareness: Promoting understanding of the legal finance industry and expanding public knowledge of the uses and applications of legal finance by collecting, analysing and disseminating research and data about the Industry
ILFA was formed in 2020 by six global commercial legal finance firms (listed alphabetically):