Tag Archives: litigation funding indstry

Litigation Funding Disclosure Can Reduce Costs

In June 2017, the U.S. Chamber of Commerce petitioned the Federal Rules of Civil Procedure to require disclosure of outside funding in all cases. Mark Behrens, chairman of IADC’s civil justice response committee, talked how litigation financing disclosures could help reduce discovery costs for defendants.
According to Behrens, the lawyer groups, including IADC (International Association of Defense Counsel), are interested in disclosure to preserve the integrity of the civil justice system. At present, as stated in the rules, the discovery must be proportional to the needs of the case. Also in the rules, judges can impose cost shifting on plaintiff requests that go beyond what is proportional in the case.
The U.S. Supreme Court in several recent decisions has made it harder for plaintiffs to sue corporations in certain jurisdictions. It has happened as there are jurisdictions where when the plaintiffs sue there, the defendants tend to believe that the law is not going to be applied fairly in their case.

Read full article at NationalLawJournal.com

Summarized by Natalia Tsar.

Litigation Capital Management to Speak at the Litigation Funding Conference

Patrick Moloney, Managing Director at Litigation Capital Management, will speak at the Litigation Funding Conference in London on October 2, 2017. He will perform on a panel covering litigation finance in the United Kingdom and the European Union.

Litigation Capital Management was founded in 1998 and listed on the ASX in 2016. They are one of Australia’s and the world’s most experienced and successful Litigation Finance companies. LCM are specialists in providing Litigation Finance to enable the pursuit and successful recovery of funds from legal claims. They provide Litigation Finance solutions to a host of companies and individuals. LCM work across claims for insolvency, commercial litigation, class actions, arbitration and intellectual property.

Read full article at WebWire.com

Summarized by Natalia Tsar.

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