Pogust Goodhead and emerging markets investment manager Gramercy have today announced a landmark £450 million investment partnership, the largest litigation funding deal in legal history.
The largest investment in a law firm worldwide
The litigation funding deal is the largest worldwide investment in a law firm and the largest single investment from Gramercy to date.
The partnership will address the growing demand from consumers and other victims of injustice to access redress against corporations through group litigation.
This transaction reinforces Gramercy’s status as a leading capital provider to impactful sectors across emerging markets.
Litigation funding to help hold corporations accountable
Further consolidating Pogust Goodhead’s position as the world’s premier class action law firm, the deal strengthens our firm’s financial power to take on corporate giants such as BHP and Mercedes across the world on behalf of millions of individuals.
We currently represent over 3 million clients in cases across the world and have raised a total of over £750M in financial backing, valuing the firm at over £9 billion.
Robert Koenigsberger, Founder and CIO of Gramercy Funds Management, said:
“We are pleased to be partnering with Pogust Goodhead. The firm has an exceptional track record and we have been impressed by the team and their approach to complex litigation.
“Allocating to this transaction is clearly consistent with Gramercy’s mission to positively impact the well-being of our clients, portfolio investments (and their communities) and team members.
“The investment materially aligns with our ESG and impact investing objectives. We are proud to play a part in helping Pogust Goodhead seek justice for some of the worst environmental actions over the past few decades.”
Media coverage
The mainstream media have recognized the significance of the partnership. There have been reports in a number of major publications including:
