Folio · MMXXVI — For CounselHudson · Litigation · CapitalNew York — London
For Counsel

A protocol for

retained counsel.
Six items · Ten business days

HLC engages with counsel through a single, standardised submission protocol. The materials below are sufficient for the Investment Committee to form a preliminary view within ten business days.

Submission Checklist

Six items for first review.

I

Pleadings

Complaint, answer, dispositive motions, and any operative orders. Redacted where privilege requires.

II

Counsel Merits Opinion

A short written view from lead counsel addressing liability, quantum, and recoverability.

III

Litigation Budget

Phase-by-phase budget through resolution, including expert and discovery line items.

IV

Damages Model

Quantified damages with methodology and any external expert reports relied upon.

V

Defendant Profile

Solvency analysis and identified enforcement path against the named defendant or estate.

VI

Timeline

Realistic resolution horizon, stress-tested against discovery, motion practice, and appeal.

Response Framework

Indicative timing.

Acknowledgement

Within 24 hours

Receipt confirmed by named relationship principal. No automated reply.

NDA Execution

Within 48 hours

Mutual NDA on HLC standard form. Common-interest doctrine invoked from receipt.

Preliminary View

Within 10 business days

Written indication of fit, conditional pass, or decline. No matter sits without status.

Term Sheet

Within 30 business days

If preliminary view is positive, indicative non-binding terms follow.

§ Common Interest Privilege

From the moment of receipt, all materials submitted by counsel are treated as subject to attorney-client privilege and the common interest doctrine to the fullest extent permitted by applicable law and the procedural rules of the relevant jurisdiction. The existence of any funding relationship is not disclosed to opposing parties without the claimant's consent, except where required by law.

Approaching HLC as the principal rather than as counsel? See the parallel page for claimants →