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Business Leaders, Counsel Drawn to Litigation Financing
Getting a boost from a third-party investor in litigation is still a relatively new concept for lawyers and businesspeople in the U.S., but it appears to be gaining steam.New Competition, and Recognition, for Litigation Funders
Newcomer Gerchen Keller Capital vaulted to the big leagues of third-party litigation finance, and rival Burford Capital released a survey showing the practice making inroads in corporate America.Survey says lawyers receptive to litigation funding
Some say that it could potentially lead to a higher frequency of frivolous suits or conflicts of interest, but one such investor recently set out to determine what the attitudes looked like in arguably the most relevant demographic: lawyers.As Bentham's chief investment officer, Sutton says what sets his firm apart from other litigation funders competing in the U.S. is its focus on transparency.
Firms Kick the Tires on Merger Plan
A close look at the proposed combination of Patton Boggs and Locke Lord suggests there are reasons beyond mere size for both firms to consider joining forces.View more book results for the query "Burford Capital"
Locke Lord's MP Clements Weighs in on Patton Boggs Talks
Last week, The Am Law Daily spoke with Patton Boggs managing partner Edward Newberry about the potential merger his firm is discussing with Locke Lord. Now Locke Lord managing partner Jerry Clements, who 50 years ago this week gave a yellow rose to President John F. Kennedy on a visit to Texas, shares her thoughts about Swiss vereins, her firm's expansion efforts and a possible tie-up with Patton Boggs.After cofounding litigation funding firms Juridica Investments and BlackRobe Capital, Tim Scrantom's latest venture will offer advice instead of cash.
11 noteworthy in-house career moves
Charting some of the most recent GC and in-house appointments3 cost-cutting tips for legal departments
Analyzing workflows, evaluating law firms and preventing extra e-discovery expenses can slash overall spendingWhy did Burford Capital have a change of heart about funding the Ecuadorian plaintiffs seeking to enforce a multibillion-dollar judgment against Chevron? According to a motion filed on Thursday by Patton Boggs, one of the plaintiffs' counsel, Burford dumped the plaintiffs because it decided that backing them would threaten its litigation financing business.
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