Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Minimized carbon footprint through video conferencing and efficient travel.
• Chicago office located in a LEED Platinum building; New York office relocating to a LEED-certified building.
• Robust recycling program and water filtration systems in all offices.

Social Achievements

• Launched The Equity Project, a $50 million initiative to close the gender gap in law.
• Maintained a diverse workforce with significant representation of women in senior positions.
• Offered competitive benefit plans and focused on employee health and wellness.

Governance Achievements

• Implemented extensive compliance programs to address corruption, sanctions, and money laundering.
• Maintained a Board composed entirely of independent non-executive directors.
• Established three independent committees: Audit, Remuneration, and Investment.

Climate Goals & Targets

Environmental Challenges

• Potential volatility in earnings due to the long duration and uncertain resolution of investments.
• Managing the growth of the business while maintaining prudent spending levels.
• Addressing the gender gap in the legal industry.

Mitigation Strategies

• Diversification of investment types and geographic reach.
• Balancing investment in growth with cost consciousness.
• Launching The Equity Project to incentivize change and increase opportunities for women in law.

Supply Chain Management

Responsible Procurement

• Emphasis on reducing paper usage and promoting digital workflows.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: London Stock Exchange guidance on ESG, UN Principles for Responsible Investment

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Companies routinely leave money on the table by failing to enforce judgments due to cost.
• Inadequate affirmative recovery programs.
• Lack of quantitative financial modeling in litigation decision-making.
• Insufficient information exchange between finance and legal teams about legal assets.

Mitigation Strategies

• Promote collaboration and innovation in legal.
• Recognize pending claims as corporate assets and utilize financing tools.
• Set value-add goals alongside cost-control goals.
• Leverage quantitative modeling to make decisions about litigation.
• Fill in gaps in expertise, data, and capital through legal finance partners.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Many companies fail to pursue meritorious claims due to fear of adding risk and expense.
• Many companies don't recover judgments they've won.
• Internal stakeholders outside the legal department are unfamiliar with litigation as a corporate asset and may focus more on cost.
• Reputational risk from pursuing claims.
• Gaps in expertise within in-house legal teams to assess the potential value of significant claims.

Mitigation Strategies

• Legal finance enables companies to offload the burden of litigation expense and risk.
• Legal finance providers assume upfront costs and downside risk.
• Collaboration between legal and finance teams to educate finance professionals on the value of affirmative claims.
• Developing an assessment framework for evaluating affirmative litigation.
• Leveraging outside resources (e.g., funding partners) to value claims and remove cost and risk.
• Socializing the affirmative recovery program as a win-win for the business.
• Enlisting leadership across core functions to educate their teams.

Supply Chain Management

Climate-Related Risks & Opportunities