Podcast: 'Big Law Loves Litigation Financing': Legalist's GC Breaks It Down
Third-party funding is a recipe for Big Law attorneys to increase their book of business and make clients happy, says Legalist GC Curtis Smolar, a former Fox Rothschild partner.
January 17, 2020 at 03:49 PM
2 minute read
The original version of this story was published on Law.com
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In 2017, litigator Curtis Smolar left a long career as a trial lawyer to become general counsel of Legalist, a litigation finance startup in San Francisco that uses algorithms to vet potential investments.
In the litigation funding world, Legalist is a disrupter. Founded by a pair of Harvard dropouts, the company emerged from the startup incubator Y Combinator, and its model employs legal analytics to identify potential investments. It also places smaller bets than the major players in litigation funding, capping investments at roughly $1 million and looking to back small businesses that might otherwise struggle to afford litigation.
In this podcast, Legal Speak host Vanessa Blum talks with Smolar about his transition from trying cases to vetting them, what he's learned about litigation funding, and how he's adjusted to startup life. Smolar explains the role of technology in Legalist's due diligence and where human expertise comes in.
Listen to the podcast above or subscribe on Apple Podcasts, Google Play, Spotify or Libsyn.
Legal Speak is brought to you by Econ One, offering economic expertise, consulting and dispute resolution.
Look for Legal Speak at Legalweek New York 2020. See you there!
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