Co-Founders: Timothy S. Farrell, William P. Farrell, Jr., Esq., Michael A. Nicolas, Esq
Number of employees: 15
Overview & History:
Longford Capital has always been at the leading edge of commercial litigation finance in the United States. When the firm opened in 2011, it was among the first investment managers to provide litigation finance in the U.S. It remains one of the largest managers in the asset class, with more than $1 billion in assets under management.
Longford has helped lead the expansion of litigation finance from single-case investments and post-judgment awards to law firm and corporate portfolios to claim monetisations, insurance recovery matters, and a variety of others. Longford focuses on business-to-business disputes, providing non-recourse capital solutions to entities with meritorious legal claims ranging from $25 million to more than $2 billion in controversy. The firm funds cases involving three broad substantive areas of the law: commercial disputes, including breach of contract, fraud, breach of fiduciary duty, partnership/joint venture disputes, qui tam actions, and others; antitrust and trade regulation claims; and intellectual property actions, such as inter partes review, infringement of patents, trademarks, and copyrights, and theft of trade secrets.
Each of the firm’s investments concerns highly meritorious claims which may be pursued in state and federal courts throughout the United States and abroad. Longford also considers investments in domestic and international arbitrations and cases before regulatory bodies.
Longford expects that the litigation finance industry will continue to grow across all sectors; law firm portfolios and corporate portfolios will continue to become more common, as will funding IP claims for research universities and litigation related to bankruptcy and distressed situations.
Longford Capital understands how to construct law firm portfolio investments and is among only a few firms that have sufficient capital and experience to select and invest in a portfolio of cases. Portfolio investments enable law firms to spread risk and satisfy client demands. Leading law firms are approaching Longford at an increasing rate to achieve these benefits.
Longford works with law firms from the Am Law 100 and with leading litigation boutiques, as well as public and private companies of all sizes, including firms from the Fortune 500.
Longford Capital’s greatest strength is the diverse and complementary skills of its team. Before launching the firm, Bill Farrell and Mike Nicolas practiced law for many years at Neal Gerber, representing companies involved in commercial disputes, antitrust and trade regulation claims and intellectual property actions. Longford has expanded to include former partners of other major law firms who have also litigated and tried cases in these areas – John Garda from K&L Gates; Cindy Ahn, formerly with Schiff Hardin and Kirkland & Ellis; Russ Genet from Nixon Peabody; Justin Maleson from Jenner & Block; and Andrew Stulce from McGuireWoods. Members of the underwriting team have been recognized among the top consultants to the legal industry by Lawdragon and the world’s leading IP strategists by IAM Strategy 300.
Everyone on Longford’s team loved practicing law and working in the courtroom. Their day-to-day responsibilities at Longford Capital enable them to stay close to what they love about complex commercial litigation. It is exciting to help a business owner access the justice system after her invention has been stolen or contract breached. And it is rewarding to be at the leading edge of a new asset class that helps deserving companies. In additional to former litigators, Longford’s leadership team includes former c-level executives from top global business, private equity and banking institutions. Longford always conducts itself pursuant to the highest ethical standards. The team is well prepared, responsive, and delivers value beyond its capital.
Longford is a passive investor; it is not involved in setting litigation strategy or making settlement decisions, and its team doesn’t look over the litigator’s shoulders. If corporate claim owners or their law firms seek input, everyone on the underwriting team has litigated cases very similar to those for which they now provide capital, and their input is always appreciated. Corporate claim owners and leading law firms appreciate this approach.