The London-headquartered firm has more than 400 partners and 50 offices worldwide
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Litigation Capital Management (LCM) has inked a deal with an unnamed international law firm it described as “one of the most active in the litigation space.”
Though no capital was committed, the agreement is expected to boost LCM’s current $409m portfolio of projects. The litigation funder will get a preferential look at the disputes the London-headquartered law firm needs financing on.
“We’re delighted to have agreed this global cooperation agreement with one of the leading law firms worldwide and one of the most active in the litigation space. The partners at the firm will have access to funding that LCM is providing, regardless of jurisdiction or geography,” said Patrick Moloney, LCM chief executive.
“Our on-the-ground presence through offices in London, Sydney and Singapore allows us to support the law firm and its clients. This agreement will increase the number of potential funding opportunities available to LCM, in addition to our already substantial pipeline of investment opportunities, which we continually evaluate in line with our rigorous due-diligence procedures,” he said.
The unnamed firm, which has more than 50 offices around the world, has more than 400 partners. It services clients in a wide range of sectors, including aviation, energy and natural resources, infrastructure, trade and commodities, and insurance.
LCM recently committed $100m to projects in Australia and New Zealand. Over the past two quarters, the financier has significantly opening an office in Singapore, bringing in a seasoned professional to open an office in London, and boosting its Sydney team. It also recently floated in London.
