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RPX Corporation Names Jon Knight EVP, Business Development

SAN FRANCISCOMay 21, 2019 /PRNewswire/ -- RPX Corporation, the leading provider of patent risk management solutions, today announced that Jon Knight has joined RPX as Executive Vice President, Business Development, effective May 13, 2019.

In this role, Mr. Knight is responsible for engaging with businesses of all sizes around the world to understand their patent challenges and inform them of the range of solutions RPX provides to its members to address those challenges.

Mr. Knight brings two decades of experience at International Business Machines Corporation (IBM) to RPX. Most recently, he served as General Manager, Client Financing for IBM Global Financing (IGF), where he was responsible for IGF's end-user financing business. IBM Global Financing is the world's largest IT captive financier with clients in over 60 countries and more than 20 industries. He also served as Vice President for Intellectual Property, responsible for the licensing, sales, enforcement, and joint development of IBM's worldwide intellectual property portfolio.

"The effectiveness and strength of RPX lies in the breadth and depth of expertise members can access on our platform and the IP professionals who work tirelessly to solve members' patent challenges," said RPX CEO Dan McCurdy. "As the RPX membership network grows, so does the scale and efficiency of our defensive patent acquisition efforts and related solutions. Jon's experience makes him remarkably well-suited to help drive that growth. I am excited to welcome Jon to the RPX team and look forward to working with him to bolster what makes us the market leader—the power of the collective."

"RPX's innovative solutions provide companies with actionable, and unrivaled, ways to manage their patent-related risks," said Mr. Knight. "By bringing companies together to solve their shared challenges, RPX creates efficiencies both for its members and the market overall. The value it creates for its members grows stronger with each new member. I am excited to lead the charge to bring more companies into this leading-edge network."

Before joining IBM, Mr. Knight was a Vice President at Merrill Lynch covering financial institutions and has more than 15 years of experience in the financial services industry. Mr. Knight has an MBA in Finance and an MS in Taxation from Fordham University'sGraduate School of Business Administration, and he holds a BA in Economics and Psychology from the College of the Holy Cross. A competitive triathlete, Mr. Knight lives in California with his wife and two daughters.

ABOUT RPX 

RPX Corporation is the leading provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence, insurance services and advisory services. Since its founding in 2008, RPX has introduced efficiency to the patent market by providing a rational alternative to litigation. The San Francisco-based company's pioneering approach combines principal capital, deep patent expertise, and client contributions to generate enhanced patent buying power. By acquiring patents and patent rights, RPX helps to mitigate and manage patent risk for its growing client network.

As of March 31, 2019, RPX had invested over $2.5 billion to acquire more than 46,000 U.S. and international patent assets and rights on behalf of approximately 320 clients in eight key sectors: automotive, consumer electronics and PCs, E-commerce and software, financial services, media content and distribution, mobile communications and devices, networking, and semiconductors.

LawCoin Brings Litigation Funding to the Blockchain

There have been numerous attempts so far, and here comes another one: LawCoin is poised to introduce litigation finance to the blockchain by allowing accredited retail investors to finance and even trade shares in lawsuits by tokenizing the offerings. As reported in Crypto Briefing, LawCoin President Marc Goldich sees opportunity in bringing litigation funding to the masses via the blockchain. He feels the added transparency and liquidity will do for the Legal Services sector what IPOs have done for private corporations. LawCoin will allow investors to purchase tokens, each of which represents a fraction of a lawsuit. Upon successful completion of the claim, investors will receive their share of the proceeds as a LawCoin, digitally recorded on the blockchain. As the platform evolves, users will eventually be able to trade tokens with one another, creating a sort-of impromptu secondary market. Goldich views litigation funding revolutionary, yet far from efficient. The fact that it’s only available to large institutional and high net worth individuals is something he looks forward to changing. And the difficulty in developing a secondaries market means that early investors can often be stuck in a claim for years, something LawCoin looks to easily change. LawCoin is part of the Tachyon 10-week accelerator. Goldich and fellow co-founder and CEO Noah Axler worry they might be a little early to market with a tokenized offering for litigation funding, yet they remain 100% convinced that this is where the industry is headed. The team have already identified strong cases for their platform, which launches later this summer.

Nevada May Be the Next Battleground in ‘The War on Funding’

The Consumer Legal Funding industry is facing another test in the state of Nevada, where bill SB 432 has already passed the Senate and now awaits a floor vote in the House. The bill seeks to cap funding fees at 40% annually, and include additional regulations such as the disclosure of all fees and disallowance of commissions and referral fees. As reported in the Nevada Current, Nevada may be on the cusp of becoming one of roughly half-a-dozen states to regulate the Consumer Legal Funding industry. George Burns, retired Commissioner of the Nevada Department of Business’s Financial Institutions Division worries that Consumer Legal Funding will negatively impact consumers who are used to traditional loan terms. Of course, the industry counters that their product is not a loan, given that funding is non-recourse and therefore not obligated to be repaid when cases are lost at trial. A recent study by Cardozo Law professor Anthony Sebok, which analyzed over 200,000 funded claims, found that in 12% of all cases the funding company incurred losses - and in 10% the funder lost their entire capital commitment. Many industry opponents have attempted to paint the funding industry in the same light as payday lending, yet there are stark contrasts: Consumer Legal Funding does not impact credit, nor does the customer face a worse financial stake - even if the case is lost - such as repossession of assets. Despite this, industry opponents such as the U.S. Chamber of Commerce continue their push against Consumer Legal Funders. With SB 432's passage, Nevada is shaping up to be the next point of confrontation in an ongoing dispute over whether funders are to be considered lenders or investors.

Legal Capital Research Institute (Shenzhen) to Speak at the 5th Litigation Funding Conference in Sydney on May 31, 2019

Ticonderoga Ventures, Inc. announces that Legal Capital Research Institute (Shenzhen) will speak at the 5th Litigation Funding Conference ( https://litigationfundingconference.com) on May 31, 2019 in Sydney, Australia. Medivh HUManaging Director at Legal Capital Research Institute (Shenzhen) will speak on the china market for litigation funding. Video:  https://www.youtube.com/watch?v=g_2FYWr6lKg ABOUT LEGAL CAPITAL RESEARCH INSTITUTE (SHENZHEN) Legal Capital Research Institute (Shenzhen) was founded by Shenzhen Qianhai DS Legal Capital Co. Ltd. in December, 2017 as a non-profit research organization. The establishment of this Institute aims to explore the intrinsic logic between law and capital, to prompt the development of legal service market, to promote China’s progress in economy and the rule of law, as well as to safeguard the social justice. The establishment of the Institute can effectively make up for the current short of theoretical researches into relevant topics. Through the research, the Institute helps to advocate the transformation and innovation of legal service in China and meanwhile, call for new legislative actions from government perspective. The objective for Institute is seeks to realize an orderly development of Third-Party Funding in China. The Institute works with several governmental bodies, universities, arbitration institutions, non-governmental international and domestic organizations to research and discuss the litigation funding industry and its regulations in several aspects. ABOUT THE LITIGATION FUNDING CONFERENCE The Litigation Funding Conference is the leading networking and business event for the industry.  Corporate counsel and attorneys from significantly sized law firms seeking finances for high value claims meet directly with third party litigation funding firms, venture capitalists and hedge funds.  Financial professionals and investors representing significant resources attend to fund suits they are expressly interested in. Time, the most valuable commodity at the event, is designed for maximum efficiency in introducing attorneys with those that provide funding to quickly identify the best opportunities and begin the deal making process. Registration for the event can be made at https://litigationfunding.co/register-sydney-2019.php For more information, please visit the website https://www.litigationfundingconference.com or contact: Ticonderoga Ventures, Inc. Marketing and Logistics Representative Tel/ Fax: USA +1 (212) 722-1744 E-mail:  info-21@litigationfundingconference.com Twitter:  @LITIGATIONFUND1

The Rise of Third Party Funding in India

Third party funding has been legal in India since at least 1954, when the Supreme Court ruled that there is nothing morally wrong with outside funding of legal cases, as long as an attorney is not the one doing the funding. In 1996, changes were adopted to the Arbitration and Conciliation Act which further attracted the attention of third party funders. Now, thanks in large part to the construction and infrastructure industry, third party funding is gaining a foothold in the world's second most-populous nation. According to CNBC, many Indian construction/infra firms are in desperate need of liquidity, given that there is often a significant delay from government agencies in providing the rights to develop on land parcels. Company assets often remain idle on the books, which negatively impact balance sheets. As a result, many infra firms in India have outstanding legal claims against government agencies. Yet lengthy trial timelines coupled with insolvency woes leave these firms in dire straits. That's where outside financing comes into play. With several big arbitration payouts being handed down recently against government agencies (Jindal ITF Ltd won Rs 2015 crore in a claim against NTPC Ltd, and Delhi Airport Metro Express Private Limited won Rs 2950 crore against Delhi Metro Rail Corporation), the appetite for third party funding in India is growing stronger by the year.

Validity Finance Launches New Summer Fellowship for Law Students of Diverse Backgrounds

NEW YORKMay 14, 2019 /PRNewswire/ -- Leading litigation funder Validity Finance has launched a new Equal Access Fellowship, providing a paid summer fellowship to first-year law students of diverse backgrounds. For 2019, the company has selected two distinguished first-year students to spend the summer in Validity's New York office, with an option to split their time working for a pro bono organization of their choice. The two inaugural Equal Access Fellows are New York University School of Law JD candidate Amanda Gonzalez Burtonand Georgetown University Law Center JD candidate Jarrett Lewis. "We created the Equal Access Fellowship to help law students from underrepresented backgrounds obtain meaningful experience early in their careers, and begin building the professional networks that will promote their growth," said Validity founder and CEO Ralph Sutton. While at Validity, fellows will learn about the burgeoning litigation finance sector and its increasing role in leveling the playing field in commercial disputes. Fellows will interact with perhaps dozens of law firms and help review an equal number of prospective cases seeking funding, performing legal research, participating in client meetings, and drafting articles for publication in the process. After an initial five weeks, each fellow will have the option of either staying with Validity or spending the balance of the summer with a public service organization of his or her choice. In either case, Validity Finance will pay the fellows' salaries for the entire 10-week program. While both Ms. Burton and Mr. Lewis will be based in New York, future fellows will serve in Validity's offices in Chicagoand Houston as the program expands in size and scope. Validity expects to maintain an ongoing mentoring relationship with the fellows as they advance through law school and enter the legal profession.  Validity hopes participants will emerge from the fellowship with an excellent grounding in the economics of law firms and litigation risk. The 2019 fellows were chosen through a selective process that included interviews and a review of academic performance.  Candidates were also required to submit essays addressing factors that influenced their decision to train as lawyers. "We want to help lead the litigation funding sector in giving back to the legal community," said Julia Gewolb, Validity's Head of Underwriting. "Our new Equal Access Fellowship is an opportunity to invest in the development of our profession by helping promote promising, diverse young lawyers.  Fellows will gain not just a solid introduction to the business of law, but an opportunity to meet with dozens of commercial litigation practitioners, helping these young law students build a key professional network early in their legal careers." "We are delighted to welcome Amanda Burton and Jarrett Lewis as our inaugural Equal Access Fellows to New York," Mr. Sutton said. "We look forward to working with these talented law students and are pleased to be offering them an introduction to the world of litigation finance, where stellar lawyers are seeing enormous career opportunities." About the Fellows Validity's inaugural Equal Access Fellows are: Amanda Gonzalez Burton is a 1L at New York University School of Law, where she is a recipient of the Norma Z. Paige Scholarship and is a Dean's Scholar and Birnbaum Women's Leadership Fellow. She is a board member of the Latinx Law Students Association. She previously worked for Teach for America and as a Sponsor for Educational Opportunity Law Fellows at Clifford Chance. Ms. Burton obtained an MBA from Rutgers Business School in 2014 and a B.A. in Interdisciplinary Social Sciences from Florida State University in 2009, graduating magna cum laude and Phi Beta Kappa. Jarrett Lewis, a 1L student at Georgetown Law School, is a member of the Black Law Students Association and the Rise Fellows Program, a pre-orientation program for students from historically underrepresented backgrounds in the legal profession. He previously interned with Foy & Seplowitz LLC and The Legal Aid Society, and attended the Shook Scholars Institute at Shook Hardy Bacon. He obtained a Bachelor of Science in criminology from Pennsylvania State University in 2018. About Validity Validity is a commercial litigation finance company that provides businesses, law firms and individuals with non-recourse financing for a wide variety of commercial disputes. Founded in 2018 with $250 million in financing, Validity believes that capital and legal expertise combine to help solve legal problems on behalf of clients. Validity's' mission is to make a meaningful difference for clients by focusing on fairness, ethics, innovation, and clarity. Validity is committed to developing a diverse and inclusive work force in its own offices and within the legal profession as a whole. Validity embraces a broad definition of diversity, encompassing race, gender, ethnicity, disability, and LGBTQ background, as well as individuals from underrepresented social, economic, religious, and geographic backgrounds. Equal access to justice; equal access to opportunity— this is what Validity believes is fair and right. CONTACT: Allan Ripp, 212-262-7477, aripp@rippmedia.com SOURCE Validity Finance

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https://validity-finance.com

“Therium Access” not-for-profit funding initiative announces first grant awards to improve access to justice in the UK

Jersey, Channel Islands, 15 May 2019. Therium Group Holdings Limited, one of the world’s leading providers of litigation, arbitration and specialty legal finance, today announced the first recipients of grant awards by Therium Access, the firm’s not- for-profit funding initiative dedicated to facilitating access to justice. The inaugural recipients include The Personal Support Unit, LawWorks, Crosslight Advice and the Suffolk Law Centre. Therium Access is the first-of-its-kind initiative in the litigation funding industry. Grants awarded by Therium Access are intended to promote access to justice for those who lack the funds necessary to pursue or defend claims, as well as to projects that seek to improve access to justice. John Byrne, Co-Founder and CEO of Therium Capital Management Limited, said: “We launched Therium Access two months ago and we are delighted to be announcing the first recipients of grant awards. The recipients have been selected on the basis that the funding provided by Therium Access will have a significant impact and help to improve access to justice for as many people as possible. Therium is ten years old this year and the making of this first round of grants is a fantastic way to mark our 10 year anniversary.” Lord Falconer, Chairman of Therium Access Advisory Committee said: “This is a first for the litigation funding industry and will hopefully lead the way for further initiatives.  The not-for-profit funding that Therium Access is providing to these projects will provide help for a large number of individuals who otherwise would not have received legal advice and assistance, in the light of years of punitive cuts to legal aid and advice funding by the state. I strongly support the initiative Therium have taken. And am proud to be Therium Access’ chair.” Ellen Pereira, CEO of Personal Support Unit (PSU) said: “We are immensely grateful to Therium Access for their kind and most generous grant in support of four of our PSU services. In a difficult funding climate and with increased competition for limited funds, we are absolutely delighted that Therium Access is supporting our vital work of increasing access to justice. The funding will not only help us support more people accessing the civil and family courts but also help support our new delivery model, enabling us to reach more people in more places. From everyone here at the PSU, thank you once again for your generosity.” Martin Barnes, CEO of LawWorks said: “LawWorks is delighted to have been awarded one of the first grants by Therium Access. The grant will fund our project to support solicitors providing pro bono advice and representation for social security benefit tribunal appeals. With bespoke training and supervision provided by LawWorks, pro bono volunteers are achieving success rates at appeal of over 90% of cases, ensuring that many vulnerable people receive the vital financial support to which they are entitled.” Bruce Connell, CEO Crosslight Advice said: "We are incredibly grateful to have partners like Therium Access supporting our work with the most vulnerable. Like Therium, we believe that justice should be a universal concept and we are thrilled to be working with them to provide our clients with access to justice and improve their lives." Audrey Ludwig, Director of Legal Services of the Suffolk Law Centre said: "Suffolk Law Centre is England’s newest Law Centre. We work to offer access to justice for all, particularly the most vulnerable and those most impacted by the legal aid desert in Suffolk. Our services include weekly Legal Advice Clinics, a Family Support Court Helpdesk, and a discrimination casework service.  We assisted over 1,500 people in our first year with advice, casework, legal education workshops, policy work and referrals to other services. We are extremely proud to be supported by Therium Access, and are delighted that with their generosity we can continue to support the diverse communities of Suffolk to gain equal access to justice, to challenge disadvantage and inequality, and to help them understand their legal rights, obligations and protections." Therium Access is the primary expression of Therium’s corporate and social responsibility programme. Therium Access dispenses with the criteria of funding for profit and has the sole purpose of facilitating access to justice by funding cases and projects which could not usually be funded on a commercial basis.  Therium Access is a mark of Therium’s wider commitment to the pursuit of justice and the rule of law. Therium Access accepts applications from charities and other entities whose services and projects facilitate access to justice or from those seeking assistance to obtain legal representation on cases (including defence). The applicant’s need and the impact of the grant will be important factors in our review process. The deadline for the submission of the next round of grant applications is 30 August 2019. Applications need to be made by legal representatives or the entity seeking a grant.  The board of Therium Access is assisted by an Advisory Committee which is chaired by Lord Falconer, former Lord Chancellor, Secretary of State for Constitutional Affairs and Secretary of State for Justice. Therium Access aims to support access to justice in the broadest terms and considers applications that further the following causes (in no particular order):
  • The right to legal representation or due process;
  • The proper and efficient administration of justice;
  • The advancement of human rights;
  • The promotion of equalityof rights and diversity;
  • The protection of children, the elderly, the disabled, minorities, asylum seekers and other vulnerable or disadvantagedgroups;
  • The advancement of environmental protection or improvement;
  • The promotion of legal educationthat furthers the causes listed above; and
  • Any othercase or project in which a person, group, or entity will not have access to justice without financial assistance.
Therium Access is intended to be a global initiative. Its initial focus is on the UK and it will be rolled out in other jurisdictions in a number of planned phases. About Therium Therium is a leading global provider of litigation and arbitration and specialty legal finance, active in England and Wales since 2009. Over that period, Therium has funded claims with a total value exceeding £34 billion, including many of the largest and most high profile funded cases in the UK.  With investment teams in the UK, USA, Australia, Spain and Norway, Therium has established a track record of success in litigation finance in all forms, including single case litigation and arbitration funding, funding law firms and portfolios of litigation and arbitration claims.  Therium is also a founding member of the Association of Litigation Funders of England and Wales. Therium Access and its not-for-profit funding is the latest innovation from Therium which has consistently been at the forefront of innovation in litigation finance, pioneering the combined use of insurance tools alongside funding vehicles, and introducing portfolio funding products into the UK.  Therium’s ability to develop innovative funding arrangements and bespoke financial solutions for litigants and law firms complements its unmatched experience and rigorous approach to funding a wide range of commercial disputes throughout the world. In Chambers and Partners’ inaugural litigation support directory 2018, Therium was ranked as a Tier 1 litigation funder, and Neil Purslow, the firm’s Chief Investment Officer, was named a leading individual in the litigation funding industry. In February this year, Therium Capital Management was top ranked as one of the two “Leading” litigation and arbitration funding firms in the UK by legal and business directory Leaders League, in their 2019 ranking of litigation funding. Therium was also ranked as “Excellent” in the 2019 US ranking. www.therium.com  About the grant recipients  Law Works- grant for a national and well-known charity to provide funding over 3 years for their secondary specialisation project in welfare benefits law, where volunteer lawyers are trained, supervised and insured to enable them to represent clients on a pro bono basis in the Department of Work and Pensions tribunal. This is an existing project with a 90% success rate in appealing benefit cuts and approximately 270 people will receive assistance as a direct consequence of this grant. https://www.lawworks.org.uk/ Suffolk Law Centre- grant for a regional law centre which was only set up a year ago. It is the only law centre in Ipswich and serves Suffolk, which is a legal aid advice desert. The centre provides varied advice to those who cannot afford legal advice, including on family, immigration, discrimination and housing law matters, it also runs workshops in schools to tackle discrimination and provides support to litigants in person in the local Family Court. In the next 6 months alone, the centre is expected to provide advice and support to 500 people. http://www.iscre.org.uk/legal-services/suffolk-law-advice-centre/ Personal Support Unit (‘PSU’)- grants for a national and well-known charity to provide funding for 1 year for three satellite services in Barnet, Coventry and Southend-on-Sea, and an underfunded and oversubscribed service in Preston, where volunteers provide support to Litigants in Person in court, mostly in respect of family law matters. It is anticipated that these 4 services will provide 3,400 sessions of support in this period. https://www.thepsu.org/ Crosslight Advice- grant for a niche charity to provide funding for 1 year for the costs of a site in a deprived area of West London, where volunteers provide specialist debt advice and support. Many of the charity’s clients are vulnerable, with most having mental health issues and living below the poverty line. They provide a holistic service, with the aim of providing pre-emptive advice to keep people out of the justice system. It is expected that the grant will facilitate in-depth support for around 100 people. https://www.crosslightadvice.org/ Media enquiries Desiree Maghoo Questor Consulting +44 (0)7775 522740 dmaghoo@questorconsulting.com

Funders and Lawyers Discuss Defense Funding

At the recent General Counsel Forum on Litigation Finance, both funders and lawyers came together to discuss a variety of topics facing the industry. One of those is defense-side funding. What are the options for defense funding? How can defense cases be monetized? Is this really even a thing? The answer to that last question is a resounding 'yes.' Defense-side funding is most definitely a thing - though not as straightforward a thing as plaintiff-side funding. Monetization is clearly an issue for defense funding. A successful defense of a claim often results in a lack of monetization - that is to say, the party wins the case and doesn't pay out a dime. So what incentive is there for funders to take part? Well, there are several creative workarounds here. One option is for a funder to take a percentage of an asset over a select portion of its lifetime. For example, should a funder finance a defense-side IP claim, the funder may accept a percentage of the IP over a certain number of years, or up to a certain clawback benchmark. Additionally, one other (even more creative) option is to redefine what constitutes a 'successful' defense. A firm being sued for $1B, for example, may feel that a $200MM settlement or court award would constitute a success. A funder could finance the claim and take a portion of anything under that 'successful' threshold. In this scenario, there would have to be controls in place to ensure that the client isn't incentivized to take a higher settlement offer, simply in order to avoid paying out the funder's fee capture. Although the most traditional means of defense-side funding remains bundling them into a portfolio of cases. As Reed Oslan of Kirkland & Ellis mentioned, "The only effective way we've found (for defense-side funding) is to pair defense-side with plaintiff-side." Michael German of Vannin Capital was quick to point out that "it's a stretch to call lumping defense and plaintiff-side cases together 'defense funding.' Defense funding is a narrow universe, as there are only a narrow set of cases that can be funded." German may be correct, but that doesn't mean that defense-side funding isn't getting done. Oslan explained that his firm (Kirkland & Ellis) has told clients to give them $50MM of defense work in exchange for $25MM of fees. So the client is saving $25MM off the bat. In return, Kirkland gets a steady stream of plaintiff-side work which they perform on a 100% contingency basis. So it's a win-win for both the firm and the client. The fact that law firms are utilizing alternative fee structures such as this should buoy the hopes of funders looking to get in on the defense funding game. Defense-side funding may take some creativity to get off the ground, but it is certainly a viable tool in every funder's arsenal.

Pravati Capital Names Adam Tubbs Director of Business Development for New York

PHOENIXMay 10, 2019 /PRNewswire/ -- Pravati Capital, a leading litigation finance and law firm consulting company, announced today it has named Adam C. Tubbs as Director of Business Development for the Company's New York City office.

Mr. Tubbs joins Pravati Capital from Skadden, Arps, Slate, Meagher & Flom (Skadden), where he was a litigator in the firm's New York office for 10 years. While at Skadden, Mr. Tubbs specialized primarily in mass torts, products liability, class actions, multi-district litigations, and e-discovery, representing Fortune 500 companies in state and federal court.

In his new role, Mr. Tubbs will be responsible for leading the growth and expansion of Pravati Capital's New York office, and working with law firms and corporate clients to evaluate and manage legal risk for potential investments in large, complex legal matters. He will report directly to Alexander Chucri, Chief Executive Officer of Pravati Capital.

"We are extremely pleased to have Adam join us to build our brand and lead our growth initiatives in the important New York market," commented Mr. Chucri. "Adam brings extensive experience and insight as a litigator, as well as deep relationships with major New York law firms and in-house general counsels. He immediately gives us a strong advocate to educate the legal community on the significant benefits of litigation finance - from growth opportunities, to risk management, to increased success rates on recoveries and settlements."

"This is an exciting time for Pravati Capital, as litigation finance continues to gain traction across the legal industry as a competitive business resource," said Adam Tubbs. "Pravati Capital's collaborative team, disciplined underwriting process, and 16 years of experience with all types of litigation enables us to create financing strategies that minimize risk and maximize impact for both law firms and corporations on the most complex matters. I look forward to being part of a dedicated team that is helping to educate and bring positive change to the business of law."

Pravati Capital's primary business is commercial litigation finance, which focuses on providing capital to support both law firms and corporations pursuing high merit cases. Through its law firm consulting group, Pravati Management Group, the company works with law firms to access, deploy, and manage growth capital for partner and practice acquisition and build a scalable financial infrastructure to drive growth.

Adam C. Tubbs, Director of Business Development

Adam Tubbs spent a decade as a litigator in the New York office of Skadden, Arps, Slate, Meagher & Flom before joining Pravati Capital. Mr. Tubbs' tenure at Skadden involved managing all phases of litigation – from discovery through trial and appeals – for high profile and complex cases on behalf of the world's largest companies in class actions, multi-district litigations, and individual actions. He has also dedicated a significant portion of his practice to pro bono work on behalf of indigent clients, receiving the New York City Bar Association's Jeremy G. Epstein Award for outstanding pro bono service in 2013.