At Burford Capital, where I'm the CEO, we see an increasing number of companies using pending litigation claims to support asset-based financing. This is not financing to pay for legal costs. Rather, it is the monetization of pending claims to raise capital for other corporate purposes.

Why is it important to understand the difference? Because this approach to litigation finance— Litigation Finance 2.0, if you will—provides in-house counsel with new opportunities to add value in their organizations.

Here's how.