As litigation finance grows in popularity, the industry will be on the hook for responsibility associated with confidential client information. Right now, litigation investment facilities hold inherent third and fourth party risks associated with confidential information. Sentry Funding has published insights suggesting that litigation financiers have been overly focused on assessing potential client awards, and have forgotten to respect legal fundamentals associated with client confidentiality.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
As litigation finance grows in popularity, the industry will be on the hook for responsibility associated with confidential client information. Right now, litigation investment facilities hold inherent third and fourth party risks associated with confidential information. Sentry Funding has published insights suggesting that litigation financiers have been overly focused on assessing potential client awards, and have forgotten to respect legal fundamentals associated with client confidentiality.
Sentry Funding suggests that a robust confidentiality agreement is the first step in mitigating risk associated with confidentiality. Sentry suggests that with Europe’s upcoming patent and trademark marketplace expansion, European litigation investment professionals should be extremely cautious. Patent and trademark protection has a long history of confidentiality breaches, which could pose problems for plaintiffs.
Sentry’s research underscores the importance of litigation investors spearheading legal innovation through exemplary confidentiality practices, and outlines several steps claimants can take to ensure proper confidentiality.
