Bloomberg Law
April 20, 2017, 10:54 PM

After Wachtell Hire, Litigation Financier Lays Out Business Plan

Casey Sullivan

Litigation finance firm Lake Whillans is in expansion mode.

Fresh off announcing the hire of Wachtell, Lipton Rosen & Katz associate Garrett Ordower, the firm’s founder Lee Drucker said he plans to add another lawyer from a “Wachtell esque” law firm in the next three months and has closed a $50 million investment from the University of Michigan, to create a fund of about $150 million.

Now he’s in the process of another investment round that should close by summer, he said.

“We produce strong returns that are largely uncorrelated to the broader economy,” said Drucker of why university endowments and ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.