In-House Counsel Awash in Concerns Over Litigation Funding
At last week’s General Counsel Forum on Litigation Finance, several panel discussions covered a broad array of industry topics. In his opening remarks, co-chair Scott Mozarsky of Vannin Capital promised a diverse set of opinions on the industry – including from those who are skeptical (to put it mildly) of the benefits the industry poses to the broader Legal Services market.
The first panel of the day failed to disappoint. The subject was the in-house question: what are the benefits of funding for in-house counsel? After stating the obvious – that costs are skyrocketing and there is downward pressure on legal spend budgets – the panel diverged from a discussion of benefits into one of risk assessment. In the end, panelists highlighted the potential pitfalls of funding from both a private practice and in-house perspective.
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