When a case is introduced to us, a high level legal and economic analysis is undertaken. If the analysis is positive, we will then provide indicative commercial terms (term sheet).
Upon acceptance of the funding terms, we will enter into a period of exclusivity during which we complete our diligence review of the claim. We will conduct an in-depth assessment of the merits of the matter, along with the lawyer’s strategy for the successful resolution. We will require a detailed budget to be prepared, which we will stress test to ensure it is both realistic and proportionate. The estimated damages will be assessed, and we will also take steps to satisfy ourselves that the counterparty is creditworthy or has sufficient assets located in a jurisdiction where enforcement will be feasible.
Once the in-depth assessment has been carried out, the claim will be submitted to our weekly Investment Committee for approval. Upon approval and execution of finance documents, the funding is deployed to the lawyer’s client account. Continued assistance is provided by a dedicated Investment Manager to ensure that we are able to respond swiftly to all case developments and ensure we support the case to ultimate conclusion.