El Segundo, CA., November 12, 2014 – Vinson Litigation Finance, a leading commercial litigation finance firm, today announced the release of a new research study, Lawyers Need Not Worry. The study explores the effects disclosure of litigation finance has on juror decision making.
A complimentary copy of Lawyers Need Not Worry can be downloaded at Vinson Litigation Finance. Please visit https://www.vinres.com/white-papers/research-lawyers-need-not-worry/
The study surveyed 732 eligible men and women across the United States from Vinson Litigation Finance's proprietary surrogate jury panel.
- In 100% of cases surveyed, informing jurors that the plaintiff received funding did not affect verdict decisions.
- In 86% of cases, informing jurors that the plaintiff received funding did not affect the perceived merits of a case.
- Informing jurors that the plaintiff received funding increased the desire for the plaintiff to win.
- Jurors’ predispositions to the respective parties have greater effects on verdict decisions than knowledge of funding
“This new research demonstrates that the disclosure of third-party litigation financing to jurors does not hurt a plaintiff’s case and may actually help,” said Dr.Katie Vinson, Vice President of Litigation Science at Vinson Litigation Finance. “Third-party litigation financing has emerged in the United States as a rapidly growing solution to the financial burdens involved in pursuing litigation. With groups, such as The US Chamber of Commerce, suggesting that litigation funding be disclosed, this study will help reduce concerns that trial lawyers, law firms and litigants may have regarding the effects disclosure has on juror decision-making.”
To read more insights on the effects disclosure has on juror decision making, you can download the research paper now.
732 jury eligible men and women, from all over the United States, participated in the study. Surrogate jurors, from Vinson Litigation Finance's proprietary surrogate jury panel, received emails inviting them to complete online surveys examining seven cases that had gone to trial. Surrogate jurors were asked numerous questions regarding each case, including which side they tended to favor and their desire for each party to prevail. Upon completing these questions, surrogate jurors were then told that an independent third party was funding the case for the plaintiff and were again asked which side they tended to favor and their desire for each party to prevail. In addition, surrogate jurors were questioned about their beliefs regarding the fairness of third party funding and their opinions concerning the merits of each case.
About Vinson Litigation Finance
Vinson Litigation Finance (VLF) is a United States-based financial services firm providing capital for the funding of meritorious commercial litigation. VLF is the only litigation finance company that employs a scientific approach in its analysis of case risk. Known as the VLF Evaluation ProtocolSM VLF's proprietary technology uses sophisticated statistical and mathematical techniques to assess the merits of a claim and the potential for financial success.