Portfolio finance
Facilities for firms and legal departments with repeatable claims
Capital supported by a group of matters, priced for diversification and structured to fund both existing cases and new origination.
Executive overview
Cross-collateralizing several matters reduces the risk carried by any one case. That lowers pricing, allows larger commitments and gives law firms and legal departments a predictable source of capital for growth.
LOFFCO structures portfolio facilities for contingency and hybrid-fee practices and for companies with a pipeline of affirmative claims.
| Borrowers | Law firms, corporate legal departments, claim-holding entities |
|---|---|
| Collateral | A group of matters, existing and future, meeting agreed criteria |
| Capital use | Fees, case costs, working capital, practice growth |
| Drawdown | Committed facility drawn as matters are approved |
| Recourse | Limited to portfolio proceeds, subject to terms |
Structures
Structures that fit how you practice
Contingency practice facility
Working capital and case costs for a firm's contingency docket.
Forward-flow commitment
Pre-agreed criteria for new matters, funded as they are approved.
Existing docket monetization
Liquidity against fee interests in cases already under way.
Corporate claims program
Funding for a company's affirmative claims as a single program.
Underwriting
What we review in a portfolio
- Track record and case selection discipline
- Diversification by claim type, forum, defendant and stage
- Budget management and staffing
- Expected timing of resolutions
- Correlation between matters
- Firm economics and existing financing
Questions
Frequently asked
How many matters make a portfolio?
Most portfolios combine three or more matters, which allows proceeds from successful cases to offset losses on others and lowers the cost of capital compared with single-case funding.
Can a portfolio include cases already under way?
Yes. Portfolios often combine existing matters with a commitment to fund new ones that meet agreed criteria.
Is portfolio finance available to corporate legal departments?
Yes. Companies with several affirmative claims can fund them together and keep the cost off the operating budget.
What reporting is required?
Reporting terms are set out in the facility agreement. They typically cover case status, budget and material developments, without requiring disclosure of privileged strategy.
Confidential case review
Discuss a portfolio facility
Send a short summary of the dispute, the parties and the capital need. We answer every submission within five business days. Substantive materials come later, once a confidentiality framework is in place.