Is Litigation Financing the Next Big Thing for Legal Departments?
Law firms have warmed to the idea of litigation finance in recent years, but studies show that a majority of in-house lawyers still have not.
December 10, 2018 at 03:34 PM
8 minute read
When legal funders look at the corporate world, they see a vast, untapped market of potential clients. Over the last few years, funders have seen law firms climb aboard the increasingly powerful litigation finance train. Now, they want the in-house crowd to follow.
Litigation finance firms invest in litigation in exchange for a cut of the settlement or award. They can also enter the picture toward the end of a case and provide a cash infusion to help companies and law firms enforce judgments. They tout litigation financing as a way for firms and companies to hedge risks and control costs.
But a pair of recent studies this year suggest that many legal departments are hesitant.
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