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WHAT WE’RE WATCHING
LIT FUNDING FRENZY – The COVID-19 pandemic looks to be good for business…if you’re a litigation funder. A new survey by Burford Capital found a 100% increase over the past three years in the number of in-house and private lawyers who reported that their companies and firms were using litigation funding, Phillip Bantz reports. Not only that, but a majority of the surveyed lawyers said litigation funding will be “increasingly critical” as legal departments look to reduce their costs amid the pandemic. Meanwhile, on Monday, Burford became the first litigation funder to be publicly traded in the United States, making its debut on the New York Stock Exchange, Dan Packel reports.
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