Litigation Capital Management (LIT) Interim Results 2021 overview

This video can be seen at: https://www.piworld.co.uk/2021/03/16/litigation-capital-management-lit-interim-results-2021-overview/ Patrick Moloney, CEO, gives an overview of LIT’s H1 21 results and what to expect looking forward. 00:34 Key highlights 03:27 Financial overview 05:48 Challenges of 2020 07:49 The outlook Litigation Capital Management Limited is engaged in the business of providing litigation financing and ancillary services to enable the recovery of funds from legal claims. The Company focuses on financing and management of Litigation Projects. The Company has provided litigation financing to over 40 Completed Litigation Projects, which consisted of approximately 190 cases. The Company sources the majority of its Litigation Projects through referral networks within the Australian legal, accounting and insolvency sectors. Insolvency practitioners represent a source of work as do solicitors within Australian firms who refer insolvency and commercial claims to it. It also receives direct applications. When considering whether to finance a Litigation Project, the Company undertakes analysis of the quantum of the Gross Claim Size and potential Recovery as compared to the likely costs and financing commitment required. The Company's subsidiary is LCM Litigation Fund Pty Ltd.