Whilst litigation funding can be an obvious solution for clients looking for assistance with their legal spend, it can come at a hefty price. This begs the question for how long will law firms sit back and allow hedge funds to make sizeable returns from their cases before they adjust their own models to ensure the proceeds of their success largely stay with them?
Many lawyers will have encountered cases that would have been ideally suited for a contingency fee, however, the economic reality of risking their full fees is often too much for the law firm to stomach. A recent solution to this problem is the development of WIP insurance.
Click here to read the full article first published by The Global Legal Post on the 27th September 2018.
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