In Part I of this double post, we reviewed some of the key issues raised in the American Bar Association Best Practices for Third-Party Litigation Funding document released in August 2020. In this Part II, have excerpted parts of a Q&A that I did with Above the Law that compares the ABA’s recommendations and to current standards practiced by reputable funders.

In August 2020, the American Bar Association released its Best Practices for Third-Party Litigation Funding. In this Part I of a two-part post, we highlight some of the key issues the ABA raises and suggest how counsel might best interpret the document. In the upcoming Part II, I will do a Q&A style article discussing the ABA’s recommendations and how they compare to current standard practices among reputable litigation funders.