Finance Partners for Law Markets

We Know Litigation Risk

Over the last 13 years, our team members have assembled the first publicly listed litigation funder; and have sourced, structured, and invested in over $200 million of transactions backed by tens of billions of underlying claim value in the US, UK, Asia and Europe.  We have financed law firms; we have developed law practices; we have helped develop some of the largest antitrust, price fixing, state arbitration and representative actions in the world; we have helped patent holders assert their rights; and we have supported justice in contractual disputes.

 

Areas of Expertise

Investing in Litigation

 

Our team has been investing in litigation risk for over 13 years. We specialise in solving problems of litigators, litigants and lawyers, whether it is a client seeking help with paying for lawyers, a company seeking to monetise a portion of its litigation, lawyers seeking to fund their own operating costs when working on contingent fees, or a start-up litigation boutique seeking to take on bigger cases unconstrained by the conflicts of a bigger multi-practice firm.

Portfolio Management

 

Litigation is an esoteric risk; and each investment typically involves discrete risks.  The Legis team has broad litigation as well as financial experience and understands the complexities of managing a portfolio of litigation – particularly the need to balance short term turnover with medium-term risk — and avoid the tail risk that can be created in a portfolio of litigation.

Market Knowledge

 

The Legis team works constantly to keep abreast and ahead of major market developments, whether these are in new areas of litigation, new courts and procedures, new funding markets, or the development of new insurance markets.

Relationships

 

Our strong view is that litigation funding is about building long-term relationships with law firms, companies and investors.  We value trust and the ability to work alongside our partners in situations which require efficient and effective decision-making.

Insights

Insight
The Litigator of the Future

Litigation finance will change the way litigation lawyers make money. Litigation finance is introducing a new perspective on legal disputes and how they should be resolved. It is accelerating the evolution of the lawyer to proto-legioeconomist. Their perspective will be grounded in economics and science. Their process will crave algorithms,analysis and modeling.

I, Uncorrelated

Litigation assets are proven, prime, high-yield investments. They are plenty and ever-replenishing. Why would any litigator worth his salt not want to invest at least some measure of his wealth in his own litigation assets rather than exclusively take high hourly fees, only to turn his surplus earnings into listed securities that are routinely battered by market malfeasance and pandemics?

Is Growth Dead in the Legal Market?

What will happen to growth in the legal market when the economy starts to recover from the current crisis? Growth as a strategy will need re-thinking as firms struggle to rebuild revenue streams and are pinched by the changing demands of clients, pricing pressures and reduced headcount. We believe that growth is not dead yet, it can be revived.

Reinvent Your Law Firm!

None of us are starved for Covid-driven content these days, but Jay Herrington’s article Reinventing Your Law Firm: If Not Now, When? tickled my fancy. Jay evokes a great and powerful image of this troubled time as a positive time for reinvention, re-imagination and (eventually) rejuvenation in the law industry.

Privilege and Work Product in Litigation Finance: Getting it Right

Today an article appeared in Law 360, Are Litigation Funding Documents Protected From Discovery? It is an interesting article insofar as it helps lawyers begin to understand the complexities of information flows between them and the traditional litigation funders—those advancing cash to the lawyer’s client that the client can use to pay the lawyer’s fees and expenses.

No Money for Your Case? Just Call Kirkland & Ellis

Eight years ago, at a restaurant in New York the night before speaking at a litigation finance conference, I told Reed Oslan he was probably the first Chief Investment Officer at any law firm in the world.

Emergency Law Firm Partner Capital Contributions: I Hear that Train a Comin’

It was reported today that Spanish-Portuguese powerhouse firm, Cuatrecasas, has completed a partner capital call raising €20 million to deal with Covid-19 revenue shortfalls. (Law.com/International; Spanish Firm Raises €20M With Cash Call to Shore Up Finances) This of course follows months of social shutdown on the Iberian Peninsula and escalating cost-cutting measures by Cuatrecasas globally.

Planning for the Rebound

We’ve been here before. Not in the same way of course; the magnitude and length of the disruption caused by the coronavirus pandemic on the economy and the law markets will not be known for some time. However, although a pandemic is a new challenge, severe market disruptions are not.

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