CHICAGO–(COMMERCIAL THREAD) – Longford Capital Management, LP today announced that it has entered into a $ 50 million financing agreement with Willkie Farr & Gallagher LLP to provide equity capital to fund attorney fees and litigation costs , and to monetize the value of meritorious legal claims to Willkie’s from clients involved in commercial disputes handled by attorneys based in Willkie’s Chicago office.

Willkie is an international law firm of approximately 850 lawyers with offices in New York, Washington, Houston, Palo Alto, San Francisco, Chicago, Paris, London, Frankfurt, Brussels, Milan and Rome.

The agreement provides Willkie’s clients with an alternative method of litigation funding and allows clients to treat meritorious legal claims as business assets that can be monetized. Longford provides litigation funds in several areas of law including antitrust, patent, trade secrets, subrogation, healthcare reimbursement, and various contractual and fraudulent claims.

In addition, Craig C. Martin, Chairman of the Board of Midwest, member of Willkie’s executive committee and partner in the firm’s litigation department, will join Longford’s board of independent advisers.

For many years, Mr. Martin has known and worked with members of the Longford legal team, including William P. Farrell, Jr., Co-Founder and Managing Director, and Justin A. Maleson, Principal.

Mr. Martin said: “Our new agreement with Longford will provide our clients with an alternative financing model for high-stakes commercial disputes, particularly those with a critical outcome, for companies as plaintiff or defendant. We have a talented group of litigators with diverse skills and believe this is a tremendous opportunity for the firm to offer businesses and private equity firms a new level of service.

Mr. Farrell said: “We’ve known Craig Martin and his Chicago-based testing team for many years. They are litigators and litigators who represent sophisticated clients. We look forward to assisting Willkie by providing his clients with attractive financial options in commercial litigation. ”

About Longford Capital

Longford Capital is a leading private investment firm providing capital to leading law firms, public and private companies, research universities, government agencies and other entities involved in commercial litigation in large scale. Longford was one of the first litigation funds in the United States and is one of the largest litigation finance companies in the world with over $ 1 billion in assets under management. Typically, Longford funds attorneys’ fees and other costs necessary to pursue meritorious legal actions in return for a share of a favorable settlement or award. The company manages a diverse portfolio and is considering investments in areas where it has developed considerable expertise, including business-to-business contractual claims, antitrust and trade regulatory claims, intellectual property claims (including patents, trademarks, copyright and trade secrets), fiduciary duty claims, fraud claims, bankruptcy and liquidation claims, domestic and international arbitrations, monetization of claims, insurance matters and a variety of other. For more information, please visit

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