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Eric Lewis. ()

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.”

The two sides said the funding agreement will give Lewis Baach confidence that the law firm will have resources behind it to pursue cases that might otherwise not be brought, either because they carried too much risk or potential costs. The law firm, which has 35 lawyers based in offices in Washington, D.C., New York, London and Buenos Aires, is a litigation boutique that focuses on international commercial and financial disputes, intellectual property, insurance and white-collar defense and investigations.

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