Why Ignorance isn’t Bliss: Legal Finance Edition
On February, Burford Capital, a publicly traded commercial litigation finance company, released research that showed 67% of C-level executives, in-house counsel, and private practice lawyers didn’t realize they could use their legal cases as collateral to secure financing for unrelated expenses. Essentially, these companies were sitting on untapped liquidity they didn’t know they could access. […]
Attorneys: Setting Expectations about Financing
3min read Most attorneys agree that legal financing can be a game-changer for their clients. It gives plaintiffs the financial support they need to stay patient while waiting for a fair settlement. But there’s a common issue: clients often forget about the cash advances they received earlier from a financing company. This can lead to […]
How to Make Data-Driven Decisions: 3 Pointers
4min read In the recent blog posts on data analytics, we’ve covered gathering data, cleaning data, structuring data and finally analyzing data. In those posts, we covered how building a robust litigation finance business is not a “completable” task, but an ongoing process with no definitive stopping point. The same thing can be said of building a data-driven […]
Intro to Consumer Legal Funding For Policymakers
Regulating consumer legal funding, especially for personal injury plaintiffs, has become a hot topic across many states. With the increasing demand for plaintiff financing, regulatory scrutiny has also intensified. Policymakers face the challenge of regulating this innovative financial product, and here’s why it’s a complex issue: To assist policymakers in making informed decisions, here are […]
Why Disadvantaged Plaintiffs Settle Too Soon
The right to a fair trial is a cornerstone of the American justice system. The 6th Amendment of the U.S. Constitution guarantees defendants the right to a “speedy and public trial, by an impartial jury.” Despite this, plea bargains dominate the criminal justice system. In 2023, over 90% of federal criminal cases were resolved by […]
Whistleblowers & Litigation Finance: a Tangled Web
We previously wrote about the complex relationship between companies that finance plaintiffs and attorney-client privilege. We concluded that in most cases, plaintiff financing companies only require information not covered by attorney-client privilege anyway-such as information the defense already has or public records like pleadings and police reports. But what about cases that depend on total […]
Infants in Unsafe Bedding – Who’s Responsible?
4min read A study from the National Institutes of Health (NIH) and the Centers for Disease Control and Prevention (CDC) found that nearly 55% of infants in the United States are still sleeping with unsafe bedding, even though public awareness campaigns have been in place for nearly two decades. Unsafe bedding, including blankets, pillows, and […]
Do Injured Workers Get Enough Justice?
In 1894, Congress established Labor Day as a national celebration of the workers who keep our society running. However, workers remain some of the most frequently harmed members of society due to work-related accidents, which are unfortunately common. Despite the progress made through various regulations and safety standards, many workers continue to be injured or […]
Bad Underwriting Operations is Losing You Money
Underwriting is one of the most expensive, yet vital parts of any funding business. The problem is, if your underwriting process isn’t optimized, you’re not just wasting your underwriter’s time—you’re losing money. The good news is that by refining your underwriting operations, you can improve efficiency, maximize profitability, and fully utilize your underwriters’ expertise. Here’s […]
Agenda Behind Labeling Legal Financing as a Loan
5min read The biggest weapon that opponents of plaintiff financing, often incorrectly called a “lawsuit loan”, have in their arsenal is the vague resemblance between plaintiff financing and loans. They use this weapon to push legislation that increasingly regulates financing that has the capacity to empower plaintiffs. The half-dozen states that regulate plaintiff financing under the name […]