Earlier this year, we sat down with David Perla, the co-chief operating office of Burford Capital to walk through the ways that the world's largest publicly-traded litigation finance company is using artificial intelligence to find potential investments, improve its internal economic modeling, and—potentially—make underwriting decisions.

This past week we dug into similar topics with Eva Shang, the co-founder and CEO of Legalist, which operates in a segment of the litigation funding world distinct from Burford and other large funders. Burford makes the sorts of big bets that ideally lead to outcomes such as last year's blockbuster $16 billion verdict for plaintiffs targeting Argentina with claims related to the 2012 nationalization of energy company YPF—a case that involved about $50 million in attorney fees as of last September. Legalist, meanwhile, focuses on cases that require less than $1 million in funding.