Fox Mandal (FM), one of India’s oldest and most reputed law firms, has entered into a non-exclusive pan-India collaboration with Nyaya Mitra Limited (NML), a subsidiary of Share Samadhan Limited, to advance litigation funding consulting.
Through its platform www.litigationfundings.com, NML provides strategic financial and legal consulting to clients, bridging the gap between litigants and financial resources. By collaborating with Fox Mandal, NML aims to ensure robust case management and faster outcomes for complex litigations.
Litigation funding, where a third party covers legal costs in exchange for a share of recovery, is permissible in India though not governed by a specific regulatory framework. Typically offered on a non-recourse basis, it allows claimants to pursue meritorious cases without financial strain. While litigation funding has existed informally in India, NML is among the few structured entities to offer this service, backed by funds raised through an IPO.
Commenting on the collaboration, Som Mandal, Managing Partner, Fox Mandal, said: “With Fox Mandal’s vast experience and Nyaya Mitra Limited’s focus on structured litigation funding consulting, we are confident this association can set new benchmarks in the industry.”
NML typically funds litigations with claim values of ₹50 crore or above, deploying top-tier legal expertise to achieve outcomes that justify funding and generate returns for investors. Vikash Jain, Director of NML, added: “We are very excited to collaborate with Fox Mandal across India through their national presence. We look forward to leveraging their vast experience in critical cases to successfully fund litigations for our clients.”
This collaboration positions NML and Fox Mandal to play a pivotal role in India’s evolving litigation funding landscape, offering structured solutions to companies and individuals navigating high-value disputes.
