Litigation Capital Management (AIM: LIT) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM’s permanent balance sheet capital and the second is third party fund management.
Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.
Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018.
Patrick Moloney (CEO): 19 years in the disputes sector, practicing law since 1996.
David Collins (CFO): Formerly EY, Morgan Stanley, Och-Ziff Capital & Prudential. Ex CFO of Vannin Capital, a leading litigation funder
Jonathan Moulds (Non-Exec Chair): Non-Exec of IG Holdings & recently COO of Barclays PLC
David King (NED):Founder and Non-Executive Director of Sapex Ltd and Gas2Grid Ltd
Gary SeeBacher (NED): 20-year-plus career at Bank of America
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces the appointment of a …
Interim results for the half year ended 31 December 2023 Highlights Total realisations of A$28.4m, with concluded case investments generating …
Litigation Capital Management (AIM: LCM), which provides capital and risk management tools to litigants, has this week announced all time …
Full year audited results for the year ended 30 June 2023 Highlights LCM delivered record results during the year with …
| P&L | 30 June 2023 $~000 | 30 June 2022 $~000 |
|---|---|---|
| Total income | 72,782 | 67,180 |
| Total expenses | (30,237) | (21,430) |
| Total comprehensive income | 33,672 | 32,507 |
| Final dividend/ share | 2.25p | 2.25p |
| Balance Sheet | 30 June 2023 $~000 | 30 June 2022 $~000 |
|---|---|---|
| Cash | 104,457 | 49,964 |
| Total assets | 355,188 | 270,543 |
| Total liabilities | (165,107) | (176,537) |
| Net assets | 190,081 | 94,006 |
Investors Chronicle: A litigation funder on a bargain basement rating (Mar 2024)
Litigation Capital Management (LIT:98p), a provider of litigation financing, has maintained last year’s strong momentum into the new financial year. In the latest six-month period, the group concluded three cases, which delivered a ninefold increase in cash receipts to A$28.4mn, including A$10.2mn of performance fees from third-party funds.
Investors Chronicle: A robust outlook makes this legal stock a buy (Sep 2023)
Litigation Capital Management (LIT:117p), a provider of litigation financing, has reported record results buoyed by settlements from its directly held portfolio as well as bumper fees earned from third-party funds. The performance of both the group and the fund interests made for a good read.
Global Legal Post (March 2024)
Litigation funding in the UK improves access to justice but is likely to remain a niche – albeit “vitally important” – aspect of legal services provision, according to research commissioned by the Legal Services Board (LSB)… It concludes that – as long as legislation is passed to reverse the impact of the Supreme Court PACCAR decision, which rendered thousands of litigation funding agreement unenforceable – “litigation funding is likely to develop further as a niche, but vitally important, feature of legal services provision”.
