Industry Articles

Litigation Funding: Two Attorneys Breakdown of Industry

In a recent article for The New York Law Journal, two Norton Rose Fulbright attorneys breakdown the litigation funding industry and review what attorneys need to know about the prohibitions against litigation funding, the ethical concerns, and the transfer of control issues that may arise. The authors believe that the industry is “moving toward social and ethical responsibility (so do we).” In the last few months, there have been quite a few articles presented by […] Read On

6 Prevalent Forms of Innovation in Big Law

A recent article in Bloomberg BNA listed “litigation funding” as one of the six prevalent forms of innovation in Big Law. 4. Funding litigation with outside investors: Some legal departments are turning to third-party funding for litigation matters. This allows legal departments with limited budgets the ability to litigate meritorious claims against adversaries with far greater resources. In return for their investment, the funders will expect a payment should the litigation be successful. In 2013, […] Read On

The End of the Hour

Los Angeles Lawyer article discussing alternatives to traditional legal billing and the reasons to move away from the “billable hour.” Examples include capped, blended, collar, incentive, and value billing methods. READ MORE

Decision could allow more widespread use of litigation funding practice

INSIDE COUNCIL- On Jan. 10, Illinois joined Texas, South Carolina, Massachusetts and Florida in a growing group of states that allow plaintiffs and defendants to accept outside money for legal activity. The ruling to allow this activity was the result of a pretrial discovery dispute in which a federal magistrate judge in Illinois ruled that Miller U.K. Ltd had the right to accept money from other sources in its lawsuit against Caterpillar Inc. Despite Caterpillars […] Read On

LAW PRACTICE MANAGEMENT: If law firms grow, will clients come? Report discounts the idea

ABA JOURNAL- In recent years, law firms have aggressively pursued growth through lateral hires and mergers, according to the report (PDF) by Georgetown Law’s Center for the Study of the Legal Profession and Thomson Reuters Peer Monitor. But the report cautions that law firms should concentrate instead on issues that concern clients, such as being more responsive and efficient, according to coverage of the findings by the American Lawyer. READ MORE

Companies Expect More Litigation, Less Spending in 2014

CORPORATE COUNSEL – Corporate counsel expect to see a surge in litigation in 2014, but the implementation of more aggressive cost containment measures means they will not be spending more money on legal fees, according to “Litigation Outlook 2014” from The BTI consulting Group. READ MORE

Fat returns for those who help companies take legal action

THE ECONOMIST – COMPANIES need to make the best returns on the assets they have in hand. But what if a company does not know that it has them, or whether it can use them? In some cases a lawsuit could be a valuable earner. A technology company in liquidation might have a patent-infringement suit that the bankruptcy's administrators lack the time to pursue. There may be money to be made by suing a joint-venture […] Read On

Investors Put Up Millions of Dollars to Fund Lawsuits

THE WALL STREET JOURNAL – A new generation of investors is plunging into “litigation finance,” putting up millions of dollars to fund lawsuits in hopes of collecting when verdicts come down. Established financiers are expanding into new areas, including loans to law firms, and finding clients among the biggest American companies. READ MORE

Third-Party Litigation Funding: Are Communications with Investors Discoverable?

BAKER BOTS – Third-party litigation funding has been a growing trend in recent years as a means for companies to offset the risks and high costs of litigation. Third-party litigation funding involves investors who contribute large sums of money to parties on a non-recourse basis to pursue their claims. Generally, investors only receive a return on their investment if the litigation is successful or if a favorable settlement agreement is reached READ MORE