Pierce Bainbridge Ends Partnership With Funder Pravati

Law360 (May 17, 2019, 7:48 PM EDT) -- Litigation boutique Pierce Bainbridge has concluded its partnership with litigation funder Pravati Capital, whose investment helped fuel the young firm's rapid national expansion over the past two years, the parties confirmed Friday.

The partnership's ending was first made public two days after Pierce Bainbridge Beck Price & Hecht LLP and a former partner, Donald Lewis, lobbed cross-complaints of misconduct at each other Wednesday.

Managing partner John Pierce said the events were wholly unconnected, and both Pierce and Pravati spokesperson John Lovallo said the investment had been paid out in full.

"The firm's repayment of the Pravati-invested funds was completed long ago for...

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