Sydney-based litigation financier, Omni Bridgeway, announced a $4.5MM profit for the 12 months ending in June. The news is a turnaround from the -$12.7MM loss a year prior. Andrew Saker (CEO at Omni Bridgeway) says Omni maintains resources of over $1B for potential litigation investments.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Sydney-based litigation financier, Omni Bridgeway, announced a $4.5MM profit for the 12 months ending in June. The news is a turnaround from the -$12.7MM loss a year prior. Andrew Saker (CEO at Omni Bridgeway) says Omni maintains resources of over $1B for potential litigation investments.
According to Law.com, Mr. Saker says that Omni is taking advantage of global market opportunities in Australia, New Zealand, Europe and the United States. Saker highlights Omni earning AUD $463.3MM in new commitments over the last 12 months.
Law.com reports that litigation finance is experiencing increased growth via broader acceptance of resources to access the justice system. Mr. Saker notes Omni Bridgeway’s business plan is not affected by the cyclical economic climate with cases maturing throughout good and bad cycles.
Saker goes on to say that the firm performs handsomely in downturns, given the increased need for access to capital.
