Litigation funding is quickly emerging as an indispensable tool in every lawyer’s toolkit. Yet, as a former senior Bay Street associate, I know that many people you work with may still be unfamiliar with litigation funding.
In a recent podcast, the team at Building New Law interviewed Casey Flaherty about his new book Unless You Ask. The book encourages law firms and clients to have conversations to improve their working relationships.
Bentham IMF has once again recruited talent from a top Canadian firm to keep pace with the high volume of funding inquiries it has received since January 2016, when it became the first global commercial litigation finance firm to enter the Canadian market.
Financial support is the benefit most often sought by claimants who use third party litigation funding to pursue meritorious commercial litigation claims. The benefits of working with Bentham, however, also include additional advantages that can improve a claimant’s chances for litigation success.
Last week’s federal budget was touted as the “innovation budget”, and included commitments for clean technology, digital industries and health/bio-sciences. The budget also renewed discussion about where innovation plays a role in the practice of law.
This week Bentham IMF announced the opening of its tenth office, in Houston, Texas. Houston is one of the busiest litigation centres in the U.S., and benefits from Texans’ entrepreneurial approach to business.
In the United States, the litigation finance industry is more mature than in Canada; American law firms and clients often use funding to pursue meritorious commercial litigation. At the same time, the U.S. market is evolving quickly. In just five years since Bentham opened its first U.S. office, it represents approximately 50% of our cases worldwide.