Selvyn Seidel, Founder and Chair of Fulbrook Capital Management, LLC.
Selvyn Seidel founded and chairs Fulbrook Capital Management LLC, an independent third party funding advisor on complex national and international commercial claims. He brings to this position years of experience in litigation, teaching, and writing, referred to below.
Founder and Chair of Fulbrook Capital Management, LLC. Fulbrook has created and occupies a special space in the funding industry, representing claimants who need assistance in:
- evaluating their claims,
- preparing and improving the claim for investment, and then, if agreed, continuing with this role after funding and through resolution,
- sourcing capital – where Fulbrook identifies and attracts potential investors for the claimant and its claim, from (a) the institutional dedicated third party funders, as well as (b) from individual investors interested in committing only a portion of their capital into litigation finance (a hedge fund, a private equity entity, a family office, and others),
Further, and in a way new to the industry, Fulbrook can and does delink its services and products, so that its role is hand-tailored to the particular needs of the claimant. There is no requirement that a claimant retain the integrated service as a whole; it can choose individual parts.
If needed by the claimant and acceptable within a jurisdiction’s rules, Fulbrook will assist in buying, selling, or otherwise trading the claim or the claimant itself.
In suitable situations, Fulbrook acts for an investor.
To achieve its goals, Fulbrook has assembled and coordinates internal and external teams. It has, first, a core team. Next, and to supplement and reinforce this core, it has an extended and extensive team of quality experts. Fulbrook draws on the experts as needed for a specific case. Third, Fulbrook also has a network of investors that it regularly looks to, marrying the investor’s, the claimant’s, and Fulbrook’s interests. As a fourth leg, Fulbrook has reliable and trusted relationships with selected sources of good claims — such as lawyers and law firms — which have (along with strong market demand and Fulbrook’s recognized and respected place in the industry) created for Fulbrook an active, continuing, long-term inflow of attractive claims.
Fulbrook emphasizes certain areas, including: patents and other IP; international litigation and arbitration; insolvency, and other serious financial distress situations; plus, if the claim is exceptional, added areas such as antitrust, securities fraud, insurance, and basic breach of contract.
Beyond this, Fulbrook is equipped and committed to acting for defendants targeted with claims lacking merit.
As to standing in the industry, Fulbrook has a recognized name. In a recent Report by two think tanks that discussed Funders, Fulbrook was identified along with four other entities, as among the “prominent third-party funders” in the industry worldwide (and, in the Report’s words, “worth knowing”) despite being a more recent entrant in the industry). Also recently, in an international survey by a business-to-business journal, the ACQ, of its over 50,000 subscribers, Fulbrook was awarded the 2013 ACQ Global Award as the best Third Party Litigation Advisory in the industry.
Other Experience in Third Party Finance Mr. Seidel is experienced in the industry. Before Fulbrook, in 2007, he founded and chaired Burford Advisors, an expert advisor in third party finance, and then, in October of 2009, he co-founded and then chaired Burford Group Ltd., the investment manager for Burford Capital, LLC. Burford Capital went public on the UK Aim market of the London Exchange. It is now the largest institutional litigation funder in the world.
Standing in Industry Mr. Seidel is recognized in the industry as a pioneering voice. He was described in the Report referred to above as “probably the frontrunner in the industry.”
Litigation Experience Before entering the funding industry, Mr. Seidel practiced as a litigation attorney. He has over 40 years of experience in complex litigations and arbitrations, national and international He represented business entities in diverse complex projects. Until December 31, 2006 and for almost 25 years, he was a senior partner at Latham & Watkins, a premier international law firm. At Latham Mr. Seidel was a co-founder of Latham’s New York office in 1985, now the firm’s largest office; and was, at different times, the Chairman of its International Practice, the founder and Chairman of its International Litigation and Arbitration practice, and the Chairman of its New York Litigation Department.
Academics Mr. Seidel was for ten years an Adjunct Professor of Law at the New York University School of Law, teaching courses related to litigation and arbitration. He currently chairs the Advisory Board of the Center for International Commercial and Investment Arbitration Law of Columbia University Law School. He is an Alumnus Lecturer at Linacre College, Oxford University. He chairs the Advisory Board of Oxford Law Alumni of America. He lectures on third party finance and participates in conferences and presentations at various law schools in the U.S. and UK (including Harvard Law School, Columbia Law School, Oxford Law, and the University of Iowa Law School), and at various Institutes (such as the RAND Institute of Civil Justice, and the regular LEXIS NEXIS programs on litigation costing and funding). He has authored many articles and papers in the industry. (See Publications.)
Media He is regularly referred to and cited in the media. (See News.)
Education Mr. Seidel is a graduate of the University of Chicago (1964, B.A., Economics), the University of California Berkeley School of Law (1967, J.D., California Law Review) and the University of Oxford (1968, Dip. Law, Linacre College).
Swethaa Ballakrishnen, Managing Director (Legal Services)
Ms. Ballakrishnen is an expert in global legal services. She brings unique expertise in developing solutions that offer the most cost effective and task efficient claim redress. Her areas of expertise are outsourcing, global value chains, and legal solution markets.
She has focused her attention on building a global network of legal service and knowledge outsourcing providers who together are available to service potential clients and claimants. Her knowledge of the outsourcing industry stems from a long association with the key players in the market. Ms. Ballakrishnen’s ability to use these networks to offer custom-made consultations offers wholesome legal solutions to potential clients. She is currently working on expanding these connections to Thailand, Indonesia and South Africa in an effort to diversify the breadth of possible innovative solutions that Fulbrook can employ and recommend.
As an international practitioner and legal consultant, Ms. Ballakrishnen has been working with providers and key players associated with the legal services industry since 2004. She was an international finance lawyer with the Mumbai offices of India’s largest law firm, Amarchand Mangaldas & Suresh A. Shroff & Co., an intern at the Supreme Court of India with Justice A. Pasayat and a lecturer of international markets and legal methods at two national law schools in Hyderabad and Bhopal, India. In the past, she has conducted extensive studies on the Indian legal and knowledge outsourcing industry, the careers of international legal professionals and the value of global legal education. She is an Associate Fellow at the Program on the Legal Profession and her work has been funded by Harvard Law School, the Stanford Graduate Research Office, the Onati International Institute for the Sociology of Law and the Law and Society Association.
Harvard Law School (LL.M’08, Inlaks Scholar); National Academy of Legal Studies and Research (B.A., B.L (Hons), NALSAR’04); Stanford University, Department of Sociology (PhD Candidate, 2009–).
Sandra Sherman, Intellectual Property Manager
Sandra Sherman is Fulbrook’s Intellectual Property Manager. She is also currently Director of Development at the Intellectual Property Law Institute of Fordham Law School. Previously, Sandra has been in the International Section of the Antitrust Division, U.S. Department of Justice, in the U.S. Department of State, and was a Senior Attorney in the Department of Energy, where she practiced international and administrative law.
Sandra is the author of four books: Finance and Fictionality in the Early Eighteenth Century: Accounting for Defoe; Imagining Poverty: Quantification and the Decline of Paternalism; Fresh from the Past: Recipes and Revelations from Moll Flanders’ Kitchen; and Invention of the Modern Cookbook. A fifth book is forthcoming from Oxford University Press, The Altruistic Brain: How It Helps Us to Be Good, which she wrote with Dr. Donald Pfaff of Rockefeller University. She has also written over 60 peer-reviewed articles on literature, economics, neuroscience and the law, and culinary history, and she continues to lecture internationally.
She received a J.D. from the University of Pennsylvania Law School, and an LL.M. cum laude in Intellectual Property Law and Information Technology at Fordham. She also holds a Ph.D. in English from the University of Pennsylvania, where she received a Mellon Dissertation Fellowship, as well as a prize for the best dissertation in English.
Sandra has been a Professor of English at the University of Arkansas and Georgia State University. She was an Adjunct Professor of English at Fordham, and an Adjunct Professor at Fordham Law School, where she designed a new course on the history and future of copyright. She was awarded a National Endowment for the Humanities Fellowship. She was a Visiting Fellow of the Institute for Research in the Humanities, University of Wisconsin- Madison, and also of the Lucy Cavendish College, Cambridge University. She has been a Visiting Scholar at Harvard.
Bahar Simani, Associate
Bahar Simani is an Associate with Fulbrook Capital Management LLC based in the New York City Office.
Ms. Simani received her J.D. in 2011 from CUNY School of Law, where she achieved a 3.9 grade point average, along with various other accomplishments. In addition, Ms. Simani graduated summa cum laude and received a B.A. (Anthropology) in 2008 from CUNY Queens College, where she graduated after just 2.5 years and maintained a 4.0 grade point average, along with various honors.
Stephen is responsible for claim valuation, damages analysis, and the evaluation of funding terms. In particular, Stephen has developed and maintains Fulbrook’s proprietary underwriting model which examines the claim at multiple stages throughout the litigation process applying binary pricing methodologies to determine its fair value.
Prior to joining Fulbrook, Stephen was a financial analyst at Goldman Sachs & Company where he worked in the securities division. Stephen conducted financial analysis on third party acquisitions, strategic partnerships, and projects designed to optimize Goldman’s presence within the U.S. equity market-structure industry.
During his legal studies, Stephen managed several distressed assets including unsecured credits and trade claims. Stephen developed an extensive dissertation on section 547 of the U.S Bankruptcy Code which explored the underwriting of legal costs as an alternative to legislative amendments to the Code.
Stephen graduated magna cum laude from Georgetown University (B.S Finance). He earned his law degrees from the University of Oxford (B.A Jur –Senior Status) and Harvard Law School (LLM).