Counsel Financial Enables $110mm Multi-Participant Credit Facility for Litigation Firm
A litigation-focused law firm secured a $110 million credit facility from a group of capital providers including a specialty finance firm and an alternative asset manager, supported by a portfolio of litigation assets consisting primarily of class actions, mass torts, and complex litigation matters.
Counsel Financial acted as servicer, collateral monitoring agent, underwriter, and originator on the transaction, providing comprehensive underwriting and ongoing portfolio oversight that enabled the refinancing of an existing facility on more favorable terms.
Through its involvement, Counsel Financial supported a restructuring of the firm’s capital base, delivering improved financing flexibility and providing significant capital to fund ongoing litigation expenses and personnel needs while positioning the firm to advance and monetize its existing case portfolio.
Counsel Financial is a leading provider of underwriting, servicing, and capital solutions for the legal finance market. Since 2000, the firm has deployed more than $2 billion to U.S.-based law firms and serviced over $10 billion in case collateral. Counsel delivers end-to-end capabilities across origination, underwriting, servicing, and valuation, leveraging proprietary data and experienced legal and financial professionals. Through its technology-enabled platform and approach to collateral analysis and monitoring, Counsel provides investors with transparency, insight, and risk management tailored to contingent fee assets.
At a glance
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Transaction Value$110,000,000
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Capital ProvidersSpecialty Finance; Alternative Asset Manager
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Borrower ProfileLitigation-focused plaintiffs’ law firm
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CollateralMass Torts; Class Actions; Complex Litigation
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Facility TypeMulti-Participant Delayed Draw Credit Facility
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Counsel Financial RoleOriginator; Underwriter; Servicer; Collateral Monitoring Agent
