Bloomberg Law published a paper by Rebecca Berrebi of Avenue 33, LLC that explores the nature of litigation investment akin to investment banking, in that litigation brokers act as intermediaries similar to investment bankers.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Bloomberg Law published a paper by Rebecca Berrebi of Avenue 33, LLC that explores the nature of litigation investment akin to investment banking, in that litigation brokers act as intermediaries similar to investment bankers.
According to Ms. Berrebi, as attorneys look to fund fees associated with mergers and acquisitions (at their clients’ behest), Bloomberg Law suggests finding value in engaging litigation brokers. Litigation brokers may offer unique funding opportunities and risk mitigation solutions.
Litigation brokers serve as an important intermediary between clients, attorneys and litigation investors. They can offer deep marketplace expertise and insights into the funding environment without risking unnecessary capital-market conflicts. Litigation brokers’ expertise enables them to embrace the various nuances of litigation investors, which many attorneys and claimants have no knowledge of.
Similar to the mergers and acquisitions market, attorneys normally do not float buyers and sellers. Ms. Berrebi says that litigation brokers serve similar utility as clients look for suitable litigation investors.
