The Recovery Is the Asset
A legal claim is the starting point. The path from entitlement to cash determines its investment value.
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The Wild Dog Perspective.
Independent thinking on litigation, capital and the commercial assumptions that connect them. Follow the question that matters to you.
01 / Reading route
From legal right to recovery
Legal merit establishes a starting point. These perspectives examine what must happen between an entitlement and an economic recovery.
Do Not Confuse a Legal Asset with an Economic One
A judgment can establish a right without settling its present economic value. Time, resistance and the route to collection remain part of the asset.
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The economics of the agreement
A funding offer can solve an immediate problem while creating obligations that last for years. Its quality depends on more than the initial price. These perspectives examine how duration, additional capital, incentives and the distribution of proceeds affect the transaction, and why a commercially sound agreement must remain understandable when circumstances change.
The Terms Must Survive the Outcome
Risk, return, control and retained value need to work together throughout the transaction. A favourable headline term is only one part of that arrangement.
Read articleThe Duration Gap in Litigation Funding
Forecast duration, preferred duration and real duration are not necessarily the same. Can the financing structure carry the time the legal asset requires?
Read articleFalse Economics
A lower percentage, tighter budget or protected fee can look like a gain while weakening the wider transaction. Follow the effect on the value that must pay everyone.
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Law-firm opportunity and risk
A firm sees the mandates it accepts. It may know much less about worthwhile matters that never make it past the first conversation.
The Invisible Loss Law Firms Never Record
When payment capacity becomes the first filter, viable legal work may never reach a commercial assessment. The loss sits outside the matters a firm records.
Read articleWhat Happens When Legal Work Gets Faster but Litigation Risk Does Not?
The same productivity gain can affect hourly, contingency and hybrid legal practices differently. Faster work also leaves a separate question: has the route to recovery changed?
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Judgement, evidence and outcomes
A result and the quality of the decision behind it are related, but they are not the same thing. These perspectives examine what experience and outcomes can actually tell us.
The Difference Between a Bad Outcome and a Bad Investment
A poor result does not by itself prove that the original decision was poor. Review what was knowable, how uncertainty was treated and which assumptions held.
Read articlePick-Up Sticks: Vertical, Horizontal and the Illusion of Experience
Repeated experience can deepen expertise without widening it. The question is whether learning transfers across disciplines, assumptions and unfamiliar problems.
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People, incentives and execution
Funding changes the conditions in which people make decisions. Alignment needs to be understood through behaviour and the capacity to keep the matter moving.
Anchoring or Drifting? Who Owns the Course?
Who takes responsibility for the difficult questions—and how should the parties respond when the commercial proposition starts to drift?
Read articleFunding Changes Behaviour. Behaviour Changes Risk.
Skin in the game is not the whole of alignment. Funding terms can change the pressure on each participant and, with it, the risk carried by the matter.
Read articleThe Litigation Honeymoon
A team can look convincing at the outset. Credentials and initial agreement still need to translate into sound judgement, constructive challenge and execution.
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The changing business of litigation
Faster legal work does not automatically mean earlier recovery. New financing structures do not remove the need to understand the underlying asset. Our commentary examines how changes in technology, capital and professional practice affect the economics of litigation: where they create genuine opportunity, where risk moves, and which assumptions deserve another look.
What Happens When Legal Work Gets Faster but Litigation Risk Does Not?
The same productivity gain can affect hourly, contingency and hybrid legal practices differently. Faster work also leaves a separate question: has the route to recovery changed?
Read article07 / Reading route
Preparing a matter for funding
Practical reading for lawyers and claimants preparing a matter for external capital: testing damages expectations, identifying unresolved assumptions and connecting the legal case with the budget, duration and recovery it must support.
Managing Quantum Expectations with Claimants in Litigation Funding
Why early conversations about damages, evidence and realistic recovery matter when preparing a claim for external funding.
Read articleIn Litigation, Wanting to Be Right Is Not the Same as Wanting the Right Outcome
Why a strong legal position is not enough unless the evidence, economics, capital and claimant's objectives work together.
Read articleAnchoring or Drifting? Who Owns the Course?
Who takes responsibility for the difficult questions—and how should the parties respond when the commercial proposition starts to drift?
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