In an article that was published in Law360, Julia Gewolb, legal counsel at Bentham IMF, outlines key questions on the economics of single-case funding that all claimants should carefully consider when comparing funding terms.
ABA Model Rule 5.4 prohibits lawyers from sharing legal fees with non-lawyers except under limited circumstances like including non-lawyer employees in compensation or retirement plans.
Litigation financing can provide distinct advantages for law firms looking to grow their practice without taking on the risk and expense of a loan from a bank.
Mixing up the two types of litigation financing creates the risk of regulating in the interest of protecting consumers while limiting solutions that level the playing field for commercial enterprises.
The proliferation of litigation funding in recent years has caused some to question whether it should be allowed. However, the reality is that California courts settled that question more than 25 years ago.
In a profession that is notorious for being resistant to change, this survey is a yearly reminder of what in-house counsel deem important as well as a guide of how to tweak your approach to meet client needs.
As the Wall Street Journal reported, established funders have substantial capital, and a number of new investors and funding companies have been entering the market.
As the largest commercial litigation funding company in Texas, Bentham IMF is often asked by attorneys in the Lone Star State about specific ethics issues and their relation to funding.
Stevens & Lee P.C. attorneys Eric Robinson and Daniel Huyett urge litigators to discuss litigation finance in an article published by Law360 today, describing it as “a subject that litigators ignore at the risk of a client relationship.”