NEW YORK — Chip Hodgkins, Managing Director and Co-Founder at Statera Capital, recently spoke at the annual LF Dealmakers conference in New York on September 29, 2022. LF Dealmakers is the foremost conference for the U.S. commercial legal finance industry. The conference brings together investors, in-house counsel, litigators, and other key industry stakeholders to discuss the latest developments and trends in the industry.
Chip spoke on a panel regarding post-closing and monitoring best practices for legal finance investments. Chip and his co-panelists discussed the most common post-closing issues, re-financings and work-outs, and how to avoid potential fracture points in the relationship between a funder, client, and lawyer post-closing.
Chip emphasized the importance of open communication between funders, clients, and lawyers as critical during all phases of financing, from diligence, to closing, to monitoring. Properly evaluating and modeling potential outcomes in a case on the front-end is also critical. By investing time and resources early to understand client objectives and by structuring financing to ensure the client receives the vast majority of a recovery, Statera can ensure that incentives remain aligned and that its financing helps achieve the best result possible for the client.
To learn more about how Statera puts these best practices into use every day, read about our financing and diligence process here. You can also learn more about the LF Dealmakers conference by clicking here.