CHICAGO — A Chicago-based team with broad experience in commercial litigation and principal investing has launched Statera Capital, LLC. Statera provides financial and strategic solutions for addressing complex legal challenges.
Specifically, Statera provides non-recourse equity investments in strong commercial lawsuits, enabling law firms and institutional clients to pursue legal objectives without diverting finances from their operations or growth. Upon successful resolution, Statera participates in the proceeds from settlement or judgment.
“Enforcing even the most meritorious claim involves high risk and expense,” said Andrew Woltman, Statera Principal and Co-Founder. “This tilts the scales of justice towards those with greater resources and proliferates inefficiencies within the marketplace. Wronged parties pursue fewer claims, harmful conduct goes undeterred, and recovery of damages is denied. Statera offers a sophisticated financial solution to counteract those inefficiencies, promote access to justice, and innovate an industry long tied to the billable hour.”
Woltman, a commercial litigation partner with McGuireWoods LLP, a top 25 U.S. law firm by size, founded Statera with Chip Hodgkins, CFO of publicly-traded InnerWorkings, Inc. With extensive complex commercial litigation, principal investing, and corporate experience, the team is equipped to bridge the legal community’s diverse needs with the resources of the financial world.
Third-party commercial litigation funding has grown substantially in recent years, with mainstream media attention and use by both attorneys and their clients. Billions of investment dollars have poured into the space, following attractive returns that are uncorrelated with the broader financial market.
Commented Hodgkins, “The majority of capital committed to this emergent investment class is concentrated in a handful of mega-funds that pursue only the largest claims, structurally overlooking a wide market segment. Statera Capital is a channel for investors to access this unmet opportunity at scale.”