In times of financial difficulties commercial litigation has come into its own as a means of addressing shareholder and stakeholder concerns at corporate malfeasance, underperformance and mismanagement. Litigation funding has played a large role in the recent development of Class Actions. Class Actions have increased in both number and scope, in Australia and overseas.

Since the 2006 High Court decision in Fostif’s Case, which allowed litigation funding, there has been a significant growth in litigation funding in Australia. The Directors believe this growth, together with market developments, has created an opportunity for a new entrant in the market.

LegalFund seeks to capitalise on this rapidly growing market, which still has relatively few participants. With the growing cost of litigation, clients often need assistance not only with the payment of lawyers’ fees and costs but also with the management of cases.

Key investment highlights include:

• Well respected and experienced Directors and Expert Advisory Panel with extensive experience in litigation, finance, accountancy and insolvency
• Strong pipeline of litigation matters and Class Action cases.
• Average targeted returns of 30% of amounts recovered from litigation funding.
• Dual operational structure providing both litigation funding and legal services, with ability to both fund and manage Class Actions and litigation where appropriate
• Growing number and size of Class Action litigation opportunities
• Limited competition and fragmented market with high demand for litigation funding
• Robust business model that is suitable for all cycles of the economy and markets
• Referral base of experienced professionals, including lawyers, accountants and insolvency practitioners