Solomonic completes funding round to power claims tracker solution for litigators
Solomonic Limited, the UK’s leading provider of litigation intelligence and analytics, has recently closed a successful investment round. The oversubscribed fundraise reflects confidence in the business and in London as a centre for complex and high value litigation.
Powered by this investment, the Solomonic platform now allows litigation practitioners to stay on top of the very latest court filings and claims activity. It also enables practitioners, funders and industry participants to utilise that intelligence to support case preparation and analysis, and as an aid to winning new instructions. Users don’t just get details of the latest claims issued, but also near to real-time alerts for any matter, party or law firm they select to track. The service also provides access to the relevant Claim Forms and orders, so litigators, funders, litigants and others can track individual cases and market developments in more detail.
Designed and built in collaboration with leading litigation lawyers and funders, Solomonic’s wider product links users to multi-faceted analytics on commercial claims, the parties involved and their lawyers.
Damien Byrne Hill, UK Head of Disputes at flagship Solomonic customer, Herbert Smith Freehills, commented: “Solomonic allows litigants and dispute resolution advisors not just to step beyond gut feel decision-making by giving them ready access to hard data, but also to stay on top of market activity and trends.”
Up to the minute market knowledge and outcome patterns are also vital to litigation funders. James Williamson, Associate Director at Vannin Capital, a leading litigation funder, noted, “Solomonic provides valuable intelligence on the latest cases as well as historic data and analytics to help us make the right financing decisions.”
Solomonic Co-founder, barrister Gideon Cohen, added, “In the current climate, staying on top of the latest claims is vital for gaining and sustaining competitive advantage. We have worked closely with our customers to meet key business intelligence and strategic needs of litigators at a critical time.”
About Solomonic and the product platform:
Solomonic is a litigation intelligence and analytics start-up dedicated to bringing a data-led approach to litigation intelligence and decision-making. Built in collaboration with litigation lawyers, it helps users stay on top of litigation activity, place their advice in statistical context, pick out arguments which have succeeded in the past and carry out research on lawyers and expert witnesses.
For further information contact:
Edward Bird
Solomonic Managing Director
+447824600756