NEW YORK--(BUSINESS WIRE)--Jul 31, 2018--LexShares, the commercial litigation finance firm, has announced further expansion of its operations with the addition of Mr. Allen Yancy. Mr. Yancy, formerly of Weil, Gotshal & Manges, joins LexShares as a Senior Underwriter, supporting the firm’s rapidly growing deal flow. Leveraging the Diamond Mine, LexShares’ proprietary technology origination platform, the firm has sourced 436 qualified case investment opportunities in the first half of 2018, with an aggregate funding amount of over $540 million.
“I have been impressed with LexShares’ growth trajectory, in parallel with the expansion of the entire litigation finance industry,” said Mr. Yancy. “It is why I decided to pursue this exciting opportunity, at a firm I believe has strong leadership, an innovative approach and a lot more room to grow.”
Prior to LexShares, Mr. Yancy practiced for over seven years at Weil, Gotshal & Manges in New York and Miami, where he focused on complex contract disputes, business torts, intellectual property and securities matters. Before Weil, Mr. Yancy clerked for the Honorable Edward C. Prado on the Fifth Circuit Court of Appeals. Most recently, he served as counsel at The Shapiro Firm in New York. He graduated magna cum laude from Harvard University, and holds a Juris Doctor from Yale Law School. At LexShares, Mr. Yancy will be responsible for underwriting case prospects, consummating funding transactions, and monitoring deals post investment.
Mr. Yancy joins Matthew Oxman, another recent addition to the LexShares underwriting group. Prior to joining LexShares, Mr. Oxman practiced for over five years at Dewey & LeBoeuf, specializing in antitrust and securities law before earning his Masters in Business Administration at New York University. He graduated magna cum laude from Princeton University, and holds a Juris Doctor from Columbia Law School.
“Allen and Matt join a fast-growing underwriting discipline here at LexShares,” commented Max Volsky, LexShares’ Co-Founder and Chief Investment Officer, who leads the company’s underwriting team. “Last quarter, we diligenced more deals than any previous quarter since inception. To continue this forward momentum, we’re prioritizing team growth, and are thrilled Allen and Matt will be leading many of these critical efforts.”
The hires enhance LexShares’ experienced litigation finance team, and position the company for further growth. Over the past year, the LexShares underwriting team has doubled in size to keep pace with the company’s growing case origination. LexShares has evaluated thousands of cases seeking, in aggregate, over $1 billion in financing.
LexShares is a leading litigation finance firm, with an innovative approach to originating and financing high-value commercial legal claims. LexShares funds litigation related assets through both its online marketplace and dedicated litigation finance fund. Founded in 2014, the company is privately owned with principal offices in Boston and New York City. For more information, visit www.lexshares.com.
This release may contain “forward looking statements” which are not guaranteed. Investment opportunities posted on LexShares are offered by WealthForge Securities, LLC, a registered broker-dealer and member FINRA / SIPC. LexShares and WealthForge are separate entities. Investments in legal claims are speculative and involve certain risks including but not limited to concentration risk, lack of control over the prosecution of underlying claims, claimants’ inability to assert and collect on their claims, potential to lose part or all of the invested principal and long hold periods.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005636/en/
Matt Burke, +1 603-315-0618
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE LEGAL
Copyright Business Wire 2018.
PUB: 07/31/2018 10:25 AM/DISC: 07/31/2018 10:25 AM