From a financial perspective, a civil lawsuit is rather like a derivatives con- tract. Its value to a claimant comes from the performance of an underlying asset—litigation—with an uncertain, potentially lucrative outcome. No surprise, then, that some see the allure of funding legal expenses upfront in exchange for a share of the proceeds if the …
As readers of this column know, I believe that the rise of litigation finance may be our generation’s single most important development in legal practice. Litigation finance has already demonstrated serious potential to alter the dynamics of the attorney-client relationship, as well as how law firms raise and deploy capital for generations to come. Read …
This past Wednesday and Thursday saw New York City play host to the 2nd annual LF Dealmakers Forum. Hosted by Wendy Chou, whose popular IP Dealmakers Forum served as a launchpad for a similar conference aimed at the litigation funding market, the sold out two-day event brought together industry experts and novices alike. Read the …
Reed Oslan, one of the litigators behind Kirkland & Ellis’ new push into contingency work, said this week he views these cases as “currency” that could be traded for other discounts. They even could help dislodge the billable hour. What does he mean? Read the full article (Subscription Required)
There will be a coming “explosive growth” in the use of commercial litigation finance by companies, not just to fund litigation but also to monetize claims, a panel of experts predicted Wednesday. At the opening session of the second annual Litigation Finance Dealmakers Forum in Manhattan, discussion was largely focused on the increasing role of …
Use Of 3rd-Party Litigation Financing By Cos. Likely To Grow Read More »
Steve Susman thinks his law firm, Houston-based Susman Godfrey, qualifies as one of the first commercial litigation funders in the U.S. When he launched the firm in 1980, he didn’t view it as a finance operation. But the model was similar: put the firm’s own capital towards claims on which other law firms weren’t willing …
Steve Susman to Litigation Funding Industry: Bring It On Read More »
The success of 2018’s Inaugural LF Dealmakers Forum quickly established itself as the “go-to” conference for the burgeoning field of litigation funding. This year’s event will land next week, September 18-19, in New York City. Read the full article