NEW YORK, Arena Investors, LP (“Arena”) and Fort Morgan Capital, a subsidiary of SimpleCITI Companies (“SimpleCITI”), are proud to announce the launch of a $50 million joint venture (“JV”) focused on providing law firm finance solutions for US law firms. Targeting growth financing between $1 million to $15 million, the JV will offer capital secured by the value of a law firm’s aggregate legal assets (cases). Patrick Shannon will lead JV operations with a focus on diligence, underwriting, servicing, and originations.
About the Joint Venture
The JV has already started deploying capital, with the goal of delivering $50 million in tailored financing solutions. Capital will be utilized to navigate growth by scaling operational infrastructure and investments in marketing. This comprehensive approach ensures that law firms can focus on achieving successful outcomes without the financial strain of upfront costs.
Arena has a long history in legal asset investments, including its principals having helped build some of the earlier litigation finance platforms dating back to the late 1990s. SimpleCITI builds on a proven track record of leadership and innovation across diverse industries, establishing itself as a trusted partner in solving complex financial challenges. Together, Arena and SimpleCITI leverage their unparalleled expertise to redefine client-focused solutions in litigation finance.”
Strategic Collaboration
Arena Managing Director, Victor Dupont, noted that “Arena is very excited to expand and build upon our nearly decade-long relationship and successful track record with Patrick in this new joint venture. Fort Morgan Capital will serve a critical role in working with select legal practices and market participants in navigating liquidity challenges amid this fluctuating market, while also promoting sustainable operational and marketing growth.”
“This JV represents a strategic milestone for Fort Morgan Capital,” said a SimpleCITI spokesperson. “By partnering with Arena, we’re unlocking new opportunities for law firms to grow sustainably while maintaining financial stability. This venture underscores our commitment to innovation and value creation in the litigation finance space.”
Pat Shannon added, “Our focus on episodic opportunities within litigation finance aligns perfectly with this venture. Together, we are delivering a scalable platform that empowers law firms to thrive in a competitive landscape.”
