Litigation Capital Management Ltd Disputes Finance Facility with Global Law Firm (0353W)
13 Agosto 2020 - 8:17AM
UK Regulatory
TIDMLIT
RNS Number : 0353W
Litigation Capital Management Ltd
13 August 2020
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 Tel: 020 7523 8000
Broker)
Bobbie Hilliam
Investec Bank plc (Joint Broker) Tel: 020 7597 5970
David Anderson
Alma PR Tel: 020 3405 0205
Justine James LCM@almapr.co.uk
Rebecca Sanders-Hewett
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
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END
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