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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