Big Law Resists Litigation Finance, For Now
It turns out that a global pandemic isn't helpful in encouraging large law firms to meddle with how they run their litigation departments.
January 29, 2021 at 11:54 AM
5 minute read
It turns out that a global pandemic isn't helpful in encouraging large law firms to meddle with how they run their litigation departments. Want to weigh in? Email me here. Want this dispatch in your inbox every Thursday? Sign up here. 
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Big Law Resists Litigation Finance, For Now
Big Law didn't transform its relationship with litigation funding between July 2019 and June 2020.
In its second annual report on the state of the litigation finance marketplace, broker Westfleet Advisors found that litigation funding deployments to the Am Law 200 actually declined compared with the previous year, dipping from 30% to 28%.
And when these large firms did dip their toes into the litigation finance pool, they were doing so on a case-by-case basis. Only 9% of law firm portfolio funding transactions were executed with Am Law 200 firms. That leaves the remaining 91% of these deals, in which firms brought in outside capital to advance larger tranches of cases, to smaller players.
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