The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Travers Smith has advised litigation funding group Juridica on a £35m secondary fundraising on London’s junior market.
Travers ;Smith ;has advised litigation funding group Juridica on a £35m secondary fundraising on London’s junior market.
Juridica ;instructed Travers head of corporate finance Spencer Summerfield on the conditional placing of 30 million ordinary shares on AIM.
The firm advised Juridica on its original IPO on AIM in December 2007, through which it raised £80m to be invested in claims (The Lawyer, 10 March 2008).
The group had anticipated that the original £80m would be fully invested by the second half of this year, but sought the extra cash because it achieved the fund’s aims early. Juridica has so far made 10 investments, which give it exposure to 15 current cases.
Richard Fields, company co-founder and co-principle of Juridica’s investment management arm, said hedge funds and banks were beginning to pull out of the claims funding sector, meaning there are more opportunities and less competition.
Cenkos Securities acted as nominated adviser to the placing and was advised by Latham & Watkins partner Nigel Campion Smith.