James Blick and Erika Levin discuss contingency fee insurance in the New York Law Journal
The U.S. and global litigation finance markets have exploded. In less than a decade, third-party funding has moved from the dusty fringes to center stage of the global legal market and the meteoric growth shows few signs of slowing.
It’s easy to see the appeal—every litigation attorney can remember a good case on which they didn’t get hired because the client couldn’t stomach the fee budget. Litigation finance offers a solution to David and Goliath disputes—a lifeline for financially distressed parties that is now making substantial inroads into the corporate litigation market, where blue chip clients may now opt to outsource the cost of litigation to specialist funders, rather than tying up their own capital in legal costs.
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