Whether to facilitate representation of under-resourced clients, to hedge the risk of litigation, or pursuant to a litigation finance portfolio strategy, law firm partners are increasingly driving the decision to seek third-party funding.
Law Firms
Litigation Finance in Context of WJP Rankings
Lee Drucker
Interesting article from The Hill discussing litigation finance in the context of the World Justice Project placing the U.S. 65th in its ranking of affordability and accessibility to its legal system.
Read MoreLitigation Finance for Boutique Law Firms
Lee Drucker
Several months ago I described how litigation finance can be used by entrepreneurial litigators at large law firms to build sustainable high-end litigation practices outside the traditional route of cultivating relationships with the largest corporations and their general counsel.
Many of the same challenges that I discussed facing young partners at large law firms manifest more acutely at emerging law firms trying to sustain and grow a business as they attract new clients, build brand awareness, manage salaries, and generally maintain operations.
Read MoreHow Litigation Finance Was used by Yetter Coleman to Save a Business
Lee Drucker
The first of a series of interviews with top litigators discussing their practice, the evolving legal industry, and litigation finance.
In 2013, we met the principals of Lake Whillans, one of the leaders in litigation finance. They introduced us to Business Logic Corp., a small but innovative software company in Chicago. For years, BLC had worked well with one of the largest companies in Chicago to roll out an online advice solution for employer retirement programs. Then, BLC believed, its former partner stole its trade secrets and used them to implement “new” programs based on BLC’s hard work. Defended by a blue-chip law firm, Morningstar, after years of litigation, had worn down BLC to the point of abandoning its claims, declaring bankruptcy, or finding outside funding.
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