Last checked at 13 Aug 2020 07:16
13 August 2020
Litigation Capital Management Limited
(LCM or the Company)
Disputes finance facility with a leading global law firm
Litigation Capital Management Limited (AIM:LIT), a specialist alternate asset manager and leading international disputes financing solutions provider, announces the establishment of a tailored Disputes finance facility with DLA Piper ("DLA"), significantly expanding LCM's reach into major global disputes hubs and strengthening its presence in markets that are currently under-penetrated by litigation finance.
Via a newly formed litigation fund created and managed for clients of the law firm, LCM has agreed to grant access to funding for disputes undertaken by DLA and its clients that meet LCM's rigorous due diligence process. The objective of the facility is to provide clients of the global firm with a bespoke and streamlined disputes finance product tailored specifically to its needs. Clients of DLA will have access to the fund in all qualifying global jurisdictions. The facility is in the nature of a portfolio, enabling LCM to finance a greater number and variety of global disputes at reduced capital risk.
London-headquartered DLA has over 4,000 partners located in more than 40 countries throughout Africa, the Americas, Asia Pacific, Europe and the Middle East.
Nick Rowles-Davies, Executive Vice Chairman of LCM: comments: "We are delighted to be working DLA's highly respected global disputes practice. This agreement fortifies LCM's position globally as a provider of the most innovative and unique disputes financing solutions in the market. The growing acceptance of disputes finance means corporates now expect their legal service providers to offer them alternative fee arrangements, such as those that this collaboration now presents."
Patrick Moloney, Chief Executive Officer of LCM, added: "LCM consistently strives to develop strategies for the origination of quality investment opportunities. As part of a competitive process, this facility was secured through a solutions-based approach by agreeing a tailored structure specifically to meet the needs of the international law firm and its clients. We expect this relationship to be a long and prosperous one for LCM, the law firm and its clients."
Enquiries
Litigation Capital Management | c/o Alma PR |
Patrick Moloney, Chief Executive Officer | |
Canaccord (Nomad and Joint Broker) | Tel: 020 7523 8000 |
Bobbie Hilliam | |
Investec Bank plc (Joint Broker) | Tel: 020 7597 5970 |
David Anderson | |
Alma PR | Tel: 020 3405 0205 |
Justine James Rebecca Sanders-Hewett | LCM@almapr.co.uk |
Susie Hudson |
NOTES TO EDITORS
Litigation Capital Management (LCM) is a global provider of disputes finance which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is fund and/or asset management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.
LCM has an unparalleled track record driven by disciplined project selection and robust risk management.
Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.
www.lcmfinance.com