Tag Archives: litigation funding indstry

Litigation Finance: Big Law Exit?

Nowadays, joining the litigation funding industry seems to be a popular route when leaving Big Law. There are a lot of examples of funders growing their operations by raiding it. From their point of view, enlisting people from Big Law may be positive as they get the dual benefit. On the one hand, they hire someone who can quickly point out the strengths and weaknesses of a case. On the other, they employ someone who can source deals from former colleagues. But what’s the draw for the attorneys? The answer lies in the number of working hours.

Read full article at Americanlawyer.com

Summarized by Natalia Tsar.

Proposed Northern District of California Rule Could Reveal Identity of Litigation Funders

Major players in the litigation funding industry are resisting a proposed amendment to the local civil rules of the Northern District
of California that would require plaintiffs who litigate in that forum
to disclose whether their suits are backed by third-party investors.
Promulgation of a rule requiring such disclosures could have a
nationwide effect, including opening doors to the possibility of
promulgation of a similar rule within the Federal Rules of Civil
Procedure, the rules that govern procedures in all federal trial
courts in the country.

See full article at TheRecorder

Summarized by Meghan Hallinan