Portfolio finance in Virginia.
Portfolio-level capital for Virginia case inventories — revolving facilities, portfolio purchases, NAV lending, and co-investment, underwritten on court records.
Portfolio finance is available to Virginia firms with a defined book of active matters. Virginia recognizes champerty and maintenance principles, so Criterica Capital structures revolving credit facilities and NAV-based lending as a return on capital deployed against the firm's case inventory and coordinates with Virginia counsel on the state's fee and professional-responsibility rules.
Northern Virginia, Richmond, and Norfolk anchor Virginia's legal market. The "Rocket Docket" of the Eastern District drives fast-paced patent and commercial litigation; personal injury, products liability, government contracts, and maritime litigation give firms an inventory whose fast case velocity in the Eastern District supports a revolving facility with shorter draw-and-redraw cycles.