LCM Finance
LCM Finance (Litigation Capital Management) is an AIM-listed, Sydney-headquartered international disputes finance provider founded in 1998, managing over US$0.5bn of capital to deliver non-recourse litigation and arbitration funding to corporates, infrastructure investors, mining companies, insolvency practitioners, and class action plaintiffs across Australia, the UK, Singapore, and beyond.
- Company typePublic
- Founded1998
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What LCM Finance does
LCM Finance (legal entity: Litigation Capital Management Limited) is a Sydney-headquartered, AIM-listed international disputes finance provider founded in 1998, managing over US$0.5 billion of dedicated capital across offices in Sydney, Melbourne, Brisbane, London, and Singapore. The company provides non-recourse financing to corporate claimants, infrastructure investors, mining companies, insolvency practitioners, and class action plaintiffs, funding legal costs (solicitor fees, counsel, experts) and adverse costs cover in exchange for a share of recoveries on successful outcomes. The core product set spans single-case funding, portfolio funding (with cross-collateralisation of multiple claims), class action funding, international arbitration funding (including treaty-based claims against sovereigns), insolvency claims funding, claim assignment, and security for costs solutions.
The business model is outcome-based and counter-cyclical: LCM is repaid only upon successful resolution of a funded matter, and absorbs the full downside on unsuccessful claims. Investment Managers, all former litigators, source and underwrite deals through a combination of direct enterprise outreach, law firm and insolvency practitioner referrals, and industry community engagement (ARITA, ALFA, Law Society, TMA). Pricing terms (funder multiples, percentage of recovery) are negotiated case-by-case and not publicly disclosed; the company holds an Australian Financial Services Licence and is subject to UK public listing rules on AIM.
Recent strategic activity has emphasised product diversification beyond single-case funding — notably portfolio structures (e.g., the Clyde & Co debt recovery arrangement) and claim assignment — alongside geographic build-out of the Singapore office and a focused push into the infrastructure investor and sovereign arbitration verticals. Notable recent recoveries include the US$120 million Indiana Resources v Tanzania award (financed 2023) and the US$13.6 million Indo Gold facility against India under the bilateral investment treaty. LCM's core competitive moats are its bench of legally credentialed investment managers, twenty-five years of underwriting track record, and public/regulated status that lends credibility to institutional counterparties.
LCM Finance firmographics
Firmographics- Name
- LCM Finance
- Legal name
- Litigation Capital Management
- Website
- https://lcmfinance.com
- Company type
- Public
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LCM Finance (Litigation Capital Management) is an AIM-listed, Sydney-headquartered international disputes finance provider founded in 1998, managing over US$0.5bn of capital to deliver non-recourse litigation and arbitration funding to corporates, infrastructure investors, mining companies, insolvency practitioners, and class action plaintiffs across Australia, the UK, Singapore, and beyond.
- Ownership category
- akta.pro rank
LCM Finance industry classification
Industry- Product category
- Litigation Funding
- NAICS
- Finance and Insurance (52), Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
- akta.pro secondary industry
- Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)
Keywords
Where LCM Finance is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
LCM Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Dispute Financing Returns: LCM provides non-recourse financing to claimants. The funder recovers its financed costs plus an agreed premium only upon successful resolution of the dispute. If the claim is unsuccessful, the funder receives nothing and has no recourse to the funded party's assets. Returns are typically calculated as a multiple of funds deployed or a percentage of recovery.
- Portfolio Funding Arrangements: LCM funds the total cost or part of the cost of bringing a claim. The costs and recoveries of all claims are cross-collateralised under a single facility. This allows claims that would not meet traditional funding criteria to be included alongside higher-quality claims.
- Claim Assignment and Purchase: LCM can purchase claims held by companies and external administrators. The claim is assigned to LCM and pursued in its own name, with no requirement for further involvement, contribution, or exposure for the seller. This provides an upfront cash injection to the seller.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
LCM Finance product offering
Product offeringCore offering
LCM Finance (Litigation Capital Management) is a leading international provider of dispute financing solutions. The company provides non-recourse funding for legal claims, arbitration proceedings, class actions, and insolvency claims, assuming the financial risk of litigation in exchange for a share of recoveries upon successful resolution. It manages over $0.5bn of capital dedicated to dispute funding across Australia, the UK, Singapore, and other jurisdictions, serving infrastructure investors, mining companies, insolvency practitioners, and listed corporates.
Product overview
LCM Finance (Litigation Capital Management) is a leading international provider of dispute financing solutions operating since 1998. The company offers a portfolio of interconnected funding products including Single-Case Litigation Funding for individual disputes, Portfolio Funding arrangements that cross-collateralise multiple claims, Class Actions Funding for collective proceedings, International Arbitration Funding for cross-border disputes, Claim Assignment services for purchasing and pursuing claims directly, and specialised solutions for Insolvency Claims, Mining Disputes, and Infrastructure Disputes. The core offering is non-recourse financing where LCM assumes the financial risk of legal claims, providing funds for legal costs, adverse costs cover, and security for costs, in exchange for a share of recoveries upon successful resolution. Managing over $0.5bn of capital dedicated to dispute funding, LCM operates globally across Australia, the UK, Singapore, and other jurisdictions while maintaining an Australian Financial Services Licence.
Differentiator
Problem solved
Functional benefit
Products and services
- Single-Case Litigation Funding
Quantifiable outcome
- Over US$120 million recovered for Indiana Resources Limited in Tanzania expropriation arbitration
- +2 more outcomes
Companies that use LCM Finance
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
LCM Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
LCM Finance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Clyde & CocoreLCM and Clyde & Co have been working together since 2019 on a portfolio-based disputes finance arrangement. Under the agreement, LCM finances the pursuit of a client's entire book of debts over a five-year period. The risk of unsuccessful claims is fully absorbed by LCM and Clyde & Co, and the client pays nothing unless and until a recovery is made. This partnership enables LCM to deploy its portfolio funding model in debt recovery matters.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
LCM Finance competitors and assessment
Company assessmentDirect peers
- Calunius Capital: UK-headquartered litigation funder providing non-recourse financing for commercial disputes and insolvency claims. Comparable to LCM's product mix and target client base, particularly in EMEA insolvency and post-M&A disputes.
- Harbour Litigation Funding: London-based litigation funder focused on commercial disputes and arbitration with a similar non-recourse model. Competes with LCM on EMEA single-case and portfolio mandates.
- Therium Capital Management: European-headquartered litigation funder providing non-recourse financing for commercial disputes, arbitration, and class actions. Directly comparable business model and product set to LCM, with overlap in EMEA arbitration mandates.
- Deminor Recovery Services: European-headquartered litigation funder and shareholder-rights services firm focused on cross-border securities, antitrust, and corporate disputes. Directly comparable to LCM's cross-border commercial dispute funding activities, with adjacent coverage in securities class actions.
- Omni Bridgeway: Global litigation funder formed via the IMF Bentham and Omni Bridgeway merger, listed in Australia. Competes head-to-head with LCM on class actions, international arbitration, and insolvency funding, particularly across APAC markets.
- Burford Capital: Largest publicly listed global litigation funder offering single-case, portfolio, and post-judgment enforcement financing across multiple jurisdictions. Directly competes with LCM on international arbitration, commercial litigation, and portfolio mandates with similar non-recourse structures.
- Augusta Ventures: London-based litigation funder with focus on commercial disputes and insolvency-related claims. Comparable to LCM's single-case and portfolio offerings targeting insolvency practitioners and corporate claimants.
- Profile Investment Group: Australia-based multi-strategy alternatives manager with a substantial litigation-finance arm offering portfolio and single-case funding. Directly competes with LCM in Australian and APAC markets with a similar institutional client base.
- Woodsford Litigation Funders: International litigation funder offering case financing, portfolio solutions, and judgment enforcement. Operates in similar cross-border arbitration and commercial disputes space as LCM with directly comparable products.
Emerging players
- BIA Digital Partners / legal capital providers: Specialist alternative finance provider extending capital solutions to the legal sector, including law-firm lending and case-finance adjacent products. Relevant as a capital-side competitor/adjacent peer to LCM's portfolio of case funding arrangements.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
LCM Finance social profiles
Digital presenceLCM Finance compliance and trust
Trust signalCompliance2 records
LCM Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
LCM Finance leadership team
Management profileNumber of profiles
Profiles11 records
LCM Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LCM Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LCM Finance
What does LCM Finance do?
LCM Finance (Litigation Capital Management) is a leading international provider of dispute financing solutions. The company provides non-recourse funding for legal claims, arbitration proceedings, class actions, and insolvency claims, assuming the financial risk of litigation in exchange for a share of recoveries upon successful resolution. It manages over $0.5bn of capital dedicated to dispute funding across Australia, the UK, Singapore, and other jurisdictions, serving infrastructure investors, mining companies, insolvency practitioners, and listed corporates.
Is LCM Finance a public or private company?
LCM Finance is a public company. It is classified as public and is currently operating.
When was LCM Finance founded?
LCM Finance was founded in 1998. It employs 11 to 50 people.
Where is LCM Finance based?
LCM Finance is headquartered in Sydney, Australia, in the Oceania region.
How does LCM Finance make money?
Three revenue lines are on record. Dispute Financing Returns are the primary driver. The others are portfolio Funding Arrangements and claim Assignment and Purchase.
Who are LCM Finance's main competitors?
Direct peers on record are Calunius Capital, Harbour Litigation Funding, Therium Capital Management, Deminor Recovery Services, Omni Bridgeway, Burford Capital, Augusta Ventures, Profile Investment Group and Woodsford Litigation Funders. BIA Digital Partners / legal capital providers is listed as an emerging player.
Does LCM Finance have an API?
No public API is recorded for LCM Finance.
What industry is LCM Finance in?
LCM Finance's product category is Litigation Funding. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of BPAHAOAD, Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit). Its NAICS code is 52 and its SIC code is 6159.