Investment criteria

Commercial litigation and arbitration

We invest in commercial litigation and arbitration cases seated in a New York Convention state where:

  • A strong legal team has been instructed (or will be instructed)
  • Senior counsel has advised that the claim has strong prospects of success
  • Provable damages are at least £3 million
  • Likely costs to full adjudication do not exceed 10% of provable damages

Areas of focus

Contractual disputes

Shareholder and partnership disputes

Intellectual property disputes

Real estate disputes

Civil fraud

Insolvency and restructuring

Competition and follow-on damages

Professional negligence

Case evaluation and selection

Due diligence and funding process

We conduct our due diligence in-house. This provides us with a better understanding of the case, the legal team and the claimant, and enables us to make investment decisions quickly and efficiently.

We instruct external experts as necessary and work closely with them to test merits and value of the claim.

Our due diligence and funding process involves the following five steps:

  • We listen

    We discuss the case with the client or lawyer.

  • Initial review

    We review key documents and the case budget. If we cannot invest, we will tell you quickly. If the case meets our criteria, we will present it to the Investment Committee.

  • Indicative Offer

    Subject to the Investment Committee, we will issue a conditional funding term sheet.

  • Full due diligence

    We conduct thorough due diligence and if the case still meets our criteria, we make a second presentation to the Investment Committee to confirm our offer to fund.

  • Investment

    We pay the legal costs on a monthly basis and provide our expertise and support if requested.

Terms and pricing

We provide finance on terms which best fit the objectives of the client and its legal team.

Our finance is usually provided on a non-recourse basis, meaning that we only earn a return if a claim is resolved successfully.  Our return, which is generally calculated as a proportion of any proceeds ultimately recovered, reflects the risk-profile and likely duration of the claim.

Case monitoring

We monitor all of our claim investments by speaking regularly with our clients and their legal teams.

We offer our expertise and experience on case issues where we can assist and when invited to do so by the claimant and legal team. However, we do not interfere with the conduct of the case or make decisions about whether to settle the claim.

Why work with us?

We are lawyers

We are lawyers

We are lawyers, not insurance professionals, and therefore understand the challenges that commercial claims present to claimants and their legal teams.

We are agile

We are agile

We are a streamlined, agile team that can make funding decisions quickly and transparently.

We focus on people

We focus on people

We focus on people and partnerships, working closely with a small group of leading claimant law firms, applying our capital and expertise to help grow their practice and better serve their clients.

We don't interfere

We don't interfere

We know who the lawyers are. We are here to help, not to interfere with claim conduct.

We are early adopters

We are early adopters

We are early adopters of legal-sector technology and use this wherever possible to accelerate our processes and provide better funding terms to our partners.

We offer flexible funding terms

We offer flexible funding terms

We provide competitive terms which reflect the risk profile of the claim, tailored to the objectives of the client.

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