Clyde & Co has arranged for a leading global aviation client to access funding for a corporate portfolio deal from litigation financing experts Litigation Capital Management (LCM) in the highest value funding arrangement of its type to date.
This funding is the first corporate portfolio deal originating from Clyde & Co's arrangement with LCM.
The aviation client will get access to funding for 38 worldwide disputes and contractual claims for an initial five year rolling period with the option to extend the number of cases and the size of the financing available.
Ben Knowles, partner and chair of Clyde & Co’s Dispute Resolution Practices Group, says: “This arrangement demonstrates the power of portfolio litigation funding as a strategic asset for an organisation looking to reduce their financial exposures to disputes and remove risk from their balance sheet.
"Our arrangement with LCM and our focus on disputes funding broadly aims to help clients unlock new ways to manage and pay for disputes. We're delighted to get this relationship with LCM off the ground with what is the highest-value portfolio funding arrangement ever agreed."
Clyde & Co's arrangement with LCM, a recently Aim-listed global litigation financing company, was announced in March and makes funding available for clients worldwide for claimant or defence work and on a single case or portfolio basis.
Clyde & Co is one of the world's leading disputes law firms operating across the world carrying out complex national, international and cross border litigation, arbitration and mediation work across jurisdictions and arbitral centres in emerging and developed markets and on all types and size of dispute. One of the world's largest disputes firms and the largest disputes practice in London, in addition to its broader offering, the firm draws upon its deep sector roots to provide focused dispute resolution services in the construction, energy, marine, trade and insurance sectors.