London-based Woodsford Litigation Funding Ltd. on Wednesday announced a $20 million investment deal with litigation boutique Lewis Baach Kaufmann Middlemiss—a move that comes less than a month after Woodsford opened its first U.S. outpost in Philadelphia.
Describing the deal as a “global portfolio financing facility,” Woodsford and Lewis Baach said in a joint statement that the agreement would allow the law firm to use the funding in any jurisdiction. It is meant to go toward matters in which Lewis Baach “is prepared to offer contingency fee arrangements, and where funding is required for the additional litigation expenses, including expert witness fees, e-discovery costs and court and tribunal fees.”
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