Legal Underwriting: Transforming Uncertainty into Opportunity

 

At Invenio, our legal underwriting practice bridges the gap between legal complexity and investment clarity. We help funds, investors, and law firms unlock the true value of legal assets by combining decades of experience as trial lawyers and national counsel in complex cases with the commercial insight of the investment team-delivering actionable intelligence that transforms uncertainty into opportunity.

What We Do

Comprehensive Case Evaluation

Ongoing Monitoring and Reassessment

 

We assess the full range of strategic, tactical, and substantive legal concerns that shape a legal asset investment; beginning with the Court and its resources and proceeding to the constellation of counsel in a complex case before conducting in-depth legal analysis of claims, defenses, and procedural posture, providing a clear-eyed assessment of strengths, weaknesses, and likely outcomes.

Asset and Portfolio Valuation

 

Our team quantifies the value potential of individual cases and entire litigation portfolios, using proprietary frameworks to surface hidden risks and opportunities. This process involves both substantive legal “merits” analyses and a practical assessment of critical firm business processes that will have a direct impact on how value is realized from the portfolio.

Investment Risk Assessment

 

We identify and analyze key legal, factual, and jurisdictional risks, translating complexity into clear, actionable investment parameters for funders and transactional and contingent risk insurers. This includes an assessment of defendants’ ability to pay, macro-business environment factors, and geopolitical concerns that can affect both domestic and international litigation.

Underwriting for Fund Mandates

 

We tailor our underwriting to fit the unique mandates, risk tolerances, and return expectations of litigation finance funds and private credit vehicles.

We give you the underwriting that an investment committee needs rather than a dense analysis full of legalese.  Our deliverables are designed for decision-makers: concise, commercially-focused reports that support investment committees and credit teams.

We assist with targeted diligence on counterparties, legal teams, and underlying assets, ensuring all angles are considered before capital is deployed.  We are able to conduct on-site visits or to leverage corporate intelligence assets to complete counter party diligence across the globe.

We provide ongoing analysis and periodic updates as cases evolve, helping investors manage risk and adapt to changing circumstances.

Strategic Insight from Experience

Our team has sat in your seat–as trial lawyers and national counsel, as General Counsels, as law firm partners, and as investment committee members–so we understand what matters most and deliver insight that drives confident decisions.

Structuring Underwriting Reports

Due Diligence Support

Representative Experience

  • Underwrote legal merits and law firm operations for marketing and case development in $20 million law firm portfolio investment.

  • Regular underwriter and advisor on law firm lending to a publicly traded bank.

  • Trained pricing committee of major legal asset investor on dimensions and cost benchmarks for US mass tort and personal injury marketplace.

  • Underwrote over $50 million USD investment in a UK High Court claim by ex-pat against Russian oligarch.

  • Assessed both legal merits and marketing operations crucial to over $20 million in credit to national counsel law firm.

  • Advised major American legal asset investor on legal merits of multi-nation environmental disaster litigation underlying a $600 million investment opportunity.

  • Advised claimant with a “bet-the-company” claim of over $100 million against former advisors.

  • Advise insurance asset manager on quarterly value of large portfolio of cases in commercial, mass torts, environmental, and personal injury litigation.