In what may be the first public example of a litigation funder investing in a law firm’s portfolio of contingent fee cases, Los Angeles-based litigation boutique Pierce Sergenian unveiled Wednesday a tie-up with Scottsdale, Arizona-based litigation financier Pravati Capital.
The move by Pierce Sergenian, formed in January by two former Quinn Emanuel Urquhart & Sullivan litigators, will see Pravati fund a spate of current and future contingency fee cases that the upstart firm has against some of the largest companies—and their high-powered defense lawyers—in the country.
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