Legal outcomes move balance sheets. Credit models do not reflect that.
Every loan to a company with active litigation carries embedded legal risk. Distressed debt positions are often defined by their litigation trajectories. Law firm lenders are underwriting the performance of litigation portfolios. And yet in each of these contexts, the legal outcome component is treated as qualitative color rather than a modeled variable that belongs in the credit decision framework.
Criterica quantifies legal risk for financial decisions. Reliable outcome probability for pending litigation, duration modeling for capital planning, and portfolio-level legal risk aggregation: applying the same quantitative rigor that credit models apply to financial variables to the legal variables that affect them.
Quantify the legal exposure embedded in borrower portfolios.
Model the expected impact of pending litigation on borrower asset values and cash flows. Probability-weighted litigation exposure as a credit input, for underwriting, covenant monitoring, and portfolio surveillance.
Know the litigation trajectory before you buy.
Outcome probability for the litigation that defines a distressed position's recovery path. Duration modeling for timeline-sensitive capital deployment. Data-driven entry and exit decisions, not qualitative case summaries.
Docket-level outcome modeling for litigation-backed receivables.
Underwrite law firm credit against the statistical performance of their active dockets. Concentration risk by case type and venue. Portfolio-level outcome probability for firms with contingency fee practices.
Reliable pricing for judgment-backed and settlement-backed instruments.
Outcome-weighted valuation models for legal receivables, settlement-backed instruments, and claim pools. Institutional-grade pricing infrastructure for an asset class that has historically lacked it.
A facility is only as good as the matters behind it, and those matters change after closing.
Monitor and ReScore as facility surveillance
Standing surveillance of the matters behind a facility, re-scored as stage and venue facts change.
Ask about facility surveillanceCommercial litigation, bankruptcy, securities, and financial services enforcement coverage across federal circuits and state courts: the venues where financial institution legal risk concentrates.
Statistics shown reflect historical or illustrative model outputs derived from real case data. They are not predictions or guarantees of any individual outcome. Litigation results depend on facts, jurisdiction, judge, and counsel, and vary case by case. Model accuracy is subject to selection effects and changing legal dynamics.
Criterica serves banks, private credit funds, distressed debt investors, law firm lenders, specialty finance platforms, and family offices with legal asset exposure.
Read the Q3 2026 outcomes brief for Financial Institutions →Financial Institutions: questions
Legal outcomes move balance sheets. Credit models do not reflect that. Every loan to a company with active litigation carries embedded legal risk.
Banks: Legal exposure underwriting for commercial borrowers. Private credit funds: Legal risk in borrower portfolios, covenant monitoring. Distressed debt investors: Litigation-adjusted asset valuation, recovery path modeling. Family offices: Alternative legal asset investments, claim pool valuation. Specialty lenders: Law firm, claim, and judgment-backed lending infrastructure.
Quantify the legal exposure embedded in borrower portfolios. Model the expected impact of pending litigation on borrower asset values and cash flows. Probability-weighted litigation exposure as a credit input, for underwriting, covenant monitoring, and portfolio surveillance.
Know the litigation trajectory before you buy. Outcome probability for the litigation that defines a distressed position's recovery path. Duration modeling for timeline-sensitive capital deployment. Data-driven entry and exit decisions, not qualitative case summaries.
Monitor and ReScore as facility surveillance (on the menu). Standing surveillance of the matters behind a facility, re-scored as stage and venue facts change. Pricing is on request.
Use the form and choose ask about facility surveillance. We reply within one business day.