Portfolio finance in Alabama.
Portfolio-level capital for Alabama case inventories — revolving facilities, portfolio purchases, NAV lending, and co-investment, underwritten on court records.
Portfolio finance is available to Alabama firms with case inventories large enough to underwrite at the portfolio level. Alabama has historically recognized champerty and maintenance principles, so Criterica Capital structures revolving credit facilities, portfolio purchases, and NAV-based lending against the economics of a defined docket rather than any single cause of action, and works with Alabama counsel to comply with the state's professional-responsibility rules on fee arrangements.
Birmingham and Montgomery anchor Alabama's legal market, where firms build sizable inventories in mass tort and pharmaceutical MDL work, products liability, commercial disputes, and personal injury. The volume of national pharmaceutical and device MDL participation gives Alabama firms concentrated, stage-diverse case inventories well suited to a revolving facility that draws as settlements clear and redraws against new intake.