Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, announces that it has entered into a global cooperation agreement with a leading international law firm.
The global cooperation agreement puts LCM in prime position to finance disputes undertaken by the law firm and its clients. LCM has agreed to make available access to significant funding for disputes as they arise for the law firm and its clients, regardless of geography or jurisdiction; that meet the Company’s rigorous due diligence process.
The law firm, which is headquartered in London, operates across six continents through a network of 50 offices and over 400 partners. The law firm is one of the most active in the litigation space globally and works with clients across sectors including aviation, energy and natural resources, infrastructure, trade and commodities, and insurance.
Patrick Moloney, Chief Executive Officer of LCM, said:
“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.
“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.”
About LCM
Litigation Capital Management (“LCM”) is a leading international provider of litigation financing solutions. This includes single-case and portfolio across class actions, commercial claims, claims arising out of insolvency and international arbitration. LCM has an unparalleled track record, driven by effective project selection, active project management and robust risk management.
Headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM has been listed on AIM since December 2018, trading under the ticker LIT.