Having de-listed from the Australian Stock Exchange and joined AIM last month, Australian litigation funder Litigation Capital Management Limited (LCM) is a new name in the UK’s burgeoning third party litigation funding market.

The move has seen LCM raise £20m from the AIM listing, resulting in a market capitalisation on admission of circa £56m. LCM’s new London office has been established based on a six-strong team from Chancery Capital, led by well-respected litigation funding expert Nick Rowles-Davies. Rowles-Davis confirmed that their focus will remain on developing direct ‘funder to client’ relationships, rather than the usual litigation funding model of only dealing via solicitors and law firms.

Commenting on Litigation Futures, Rowles-Davis said:

We don’t just sit there waiting for lawyers to come to us,” he said. “It puts us in different position in chain – we’re not just service providers…it leads to a different dynamic – we are looking at a company’s litigation and showing them how to raise cash or take it off their balance sheet…the company believes it is imminently scalable through a team that can take on a substantial number of additional projects without significantly increasing corporate overheads”

LCM’s current pipeline contains 49 projects with an estimated value to investors of £206m. The business boasts a cumulative return on invested capital over the past seven years of 138%, with 88% of settled cases being profitable have been profitable having taken an average of 27 months to complete.

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