Corporate litigation finance is a new phenomenon in the United States. However, it is rapidly developing. At first, corporate litigation finance was perceived as relevant only to the financially weaker party. Now major corporations with strong balance sheets recognize the benefits of using it. To manage to present the possibility of litigation finance to the board, general counsel will ask questions about how it works, its benefits and risks. According to James Blick, principal of TheJudge and head of its U.S. operations, and Erika Levin, Esq., senior vice president at TheJudge, there are 5 tips for securing the best funding terms possible from the market.
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Summarized by Natalia Tsar.