Legal Funding Is the New Black… and the New Gold
Legal funding is a young industry, but it’s grown up fast. Of the pre-settlement financing companies operating in the US, the oldest – USClaims – has been around since 1996. Just a few months ago, it was acquired by one of the youngest – Blackstone-backed DRB Capital. The landscape is growing, the movement gaining momentum: […]
Your Guide to Underwriting Class Action Lawsuits
Class action lawsuits come in a number of different stripes. Such grievances could be brought about by injuries from defective products, including pharmaceutical drugs, motor vehicles and other consumer products such as medical devices. Beyond those, consumer fraud, securities fraud, corporate misconduct, and employment practices can also lead to the filing of class action lawsuits. […]
What You Missed in the NY Post’s Takedown of Lawsuit Funding
– 3min The NY Post last week published a front page story, Sue the City, casting aspersions on the personal injury lawsuit funding industry and one of its oldest companies, LawCash. Although the article’s deep misconceptions about lawsuit funding are hardly new, there is one element that is highly unusual: It quotes New York City Comptroller Scott Stringer […]
Your Guide to Legal Funding in Vermont
Key Takeaways on Vermont Legal Funding Legislation Understanding Vermont Legal Funding Requirements Vermont is unique in New England as it does not border the Atlantic Ocean and is one of only a few states that regulate the litigation financing industry. If you’re planning to provide litigation financing in Vermont, there are certain requirements that you […]
How to Regulate Legal Funding
– 4min read We are firm believers in regulation. We believe consumers deserve protection and complex financial products should exist in some sort of regulatory framework. We also believe in innovation – that as new products enter the market, they should be allowed to grow and experiment. Many of legal funding’s opponents favor strict regulation […]
Finance for Legal Funders (Part 1)
The litigation finance industry is one of the fastest growing areas of the financial field. And yet, there is a significant issue holding the industry back from reaching its full potential: the inability of legal funders to raise favorable capital. This challenge, common within high-growth and emerging industries, causes a number of well-known problems, two […]
Fee-Shifting and the American Rule
February 3, 2015 – 3min read In general, litigants in U.S. courts pay for their own attorneys’ fees and costs, regardless of the outcome of the case. In other words, if Joe sues Betty for breach of contract, Joe pays his attorney and Betty pays her attorney, regardless of who wins. This is known as […]
Top SEO Tips & Terms for Legal Funders
– 6min read The tyranny of the blank Google AdWords page can be overwhelming. Even more confounding can be the failure to show up on the first page of a Google search. So what might you do to keep top of the digital mind? As a legal funder, you’ve likely had the case strongly made […]
Lawsuit Funding: Why liability insurers don’t like looking in the mirror
– 4min read To many, legal funding business leaders, capital providers, and industry insiders, legal funding seems like an entirely novel idea that only emerged in the U.S. over the past 20 years or so. However, its origins go way back, even to the 1880’s when liability insurance was brought to the U.S. […]