Category Archives: Special Features
Funders and Lawyers Discuss Defense Funding
At the recent General Counsel Forum on Litigation Finance, both funders and lawyers came together to discuss a variety of topics facing the industry. One of those is defense-side funding. What are the options for defense funding? How can defense cases be monetized? Is this really even a thing?…
Funders, Lawyers and In-House Counsel Discuss Litigation Funding at Momentum Events Conference in NYC
On Wednesday, May 1st, funders, lawyers and in-house counsel gathered to discuss litigation funding at Momentum Events’ inaugural General Counsel Forum on Litigation Finance….
The Case for Customized Solutions: One Size Does Not Fit All
The following article was contributed by Michael Lohrer, Chief Technology Officer of Segue Cloud Services.
When it comes to technology for the legal finance community, more often than not market solutions have been designed as pre-set software, produced to function in one particular fashion to address organizational processes or workflows. End-users are often encouraged to give feedback on desired changes and customization, but revisions to the finished product are difficult for developers to fulfill after-the-fact. A pre-determined GUI and set functionality doesn’t always accommodate the ongoing needs of the customer—particularly for those who hope to grow their practices.
SPONSORED POST: Segue Cloud Services Multi-Funding Case Study
The Following sponsored post was contributed by Segue Cloud Services.
The Challenge
Multi Funding USA is a pre-settlement finance provider that serves attorneys and their plaintiffs. The company has been serving clients for nearly a decade, providing millions of dollars in financial support in jurisdictions like New York, New Jersey, Connecticut, Vermont, Texas, California, Florida, and Washington. Through its pre-settlement funding services, plaintiffs can access much needed funds during the often lengthy settlement process as they wait for their cases to be resolved. When a case concludes in favor of the plaintiff, Multi Funding recoups its investment at a preferred rate of return.
Montani semper liberi — “Mountaineers are Always Free”
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding.
Montani semper liberi; “Mountaineers are Always Free” is the motto of the State of West Virginia, but apparently the motto only applies to a select group of Mountaineers. The Legislature of West Virginia passed – and the Governor signed into law – Senate Bill 360 which sets out to regulate Consumer Legal Funding in the state. Unfortunately, SB 360 is a set of meaningless regulations, given that the legislation implements rate restrictions on the Consumer Legal Funding Industry which restrict the product from even being offered to the citizens of the state. So in essence, SB 360 bans the product altogether.
What’s Behind the Rise in Shareholder and Competition Claims in the UK?
Prominent group action claims against the likes of Visa and MasterCard, RBS, Uber and Google underscore a surge in activity around group actions in the UK. What’s causing this sudden jolt? As it turns out, there are a combination of factors at play….
International Arbitral Tribunals Are Making a Push for More Female Arbitrators
It’s Women’s History Month, so there’s no better time to evaluate the state of equal representation for women (or lack thereof) when it comes to international arbitration. Despite much discussion about ‘equal opportunity’, arbitral tribunals are still dominated by men. Perhaps that’s why in 2015, members of the arbitration community formed The Equal Representation in…
Litigation Funding & The Invisible Gorilla
The following post was submitted by Dean Lipson, Partner of Covered Bridge Capital.
Ever hear of the psychological experiment known as the Invisible Gorilla?[1] It goes like this: You’re asked to watch a brief video of a group of people moving randomly about in a pack. Several of these people are wearing white shirts and passing a ball amongst themselves. You’re asked to count the number of passes that occur. During the video, a person dressed as a gorilla enters the middle of the pack and, while facing the camera, thumps his chest for a few seconds then exits. The video ends and you’re asked to give the number of times the ball was passed. Most likely, you get that right. You’re then asked if you saw the gorilla. Huh, what gorilla? Yes, despite being on-screen for 9 seconds, half of all participants in the experiment never see the gorilla.
SPONSORED POST: Litigation Finance Opportunity for ‘David vs. Goliath’ Case
Loewinsohn Flegle Deary Simon is prosecuting a claim valued at $31m. We are raising $2.3m for return within 12 months, possible additional upside. $450k to close, balance on run rate 30 days net to trial.
The claimant is a single individual plaintiff who is a very credible former investment banker. Claimant is very knowledgeable and is committed to conclusion of the claim. One defendant is a large international financial institution and the second defendant is a highly liquid mortgage loan originator. Case documents are structured finance and real estate. Defendant’s counsel is a national general practice firm, lead defense counsel is 4-year partner. This is a complex financial claim, fact intensive, document case. Documents we hold support an opinion letter from a legal 500 firm at 80% chance of recovery. Damages are supported by preliminary economic expert and other case documents.
How Litigation Funders Are Leveraging Legal Tech
Both plaintiff and defense have a clear vested interest in the outcome of their litigation. For litigation funders, however, the interest is in prospective claims – thousands of them – which are reviewed using a due diligence that combines legal expertise with financial analysis. Given the ROI component that litigation funders are faced with, there…
