The Attorney’s Litigation Finance Lexicon Handbook 

As the global litigation finance industry flourishes, new phrases, old phrases and modified legal vernacular are molding new products and services. This, as litigation investors build legacy franchises. As industry innovation continues exponentially, it is key for attorneys to have a model guide or handbook to familiarize themselves with conversational industry terms. 

Lake Whillans has collated 54 of the litigation finance terms that make the industry go ‘round. Litigation Finance Journal has organized the terms below, click the hyperlink to be directed to Lake Whillans’ definition for reference. 

• Adverse Costs Funding
• After the Event (ATE) Insurance
• Alternative Fee Arrangements (AFAs)
• American Bar Association Best Practices for
  Third-Party Litigation Funding
• Appeals Funding
• Arbitration Funding
• Bankruptcy Funding
• Break-Up Fee
• Champerty
• Claim Monetization
• Claim Proceeds
• Claimholder
• Commercial Litigation Finance
• Contingency Fee Arrangement
• Damages
• Defense-Side Funding
• Disbursements
• Due Diligence
• Duty of Confidentiality
• Exclusivity
• Facility Size
• Fee Splitting
• Judgment Enforcement
• Judgment Monetization
• Law Firm Portfolio Financing
• Legal Finance
• Litigation Expense Financing
• Litigation Finance
• Litigation Finance Ethics
• Litigation Finance Returns
• Litigation Finance Disclosure
• Litigation Funder
• Litigation Funding
• Litigation Investment Agreement
• Litigation Risk
• Maintenance
• New York Bar Association Litigation Funding
  Working Group Report
• Non-Disclosure Agreement (NDA)
• Non-Recourse Funding
• Off-Balance-Sheet Financing
• Percentage Recovery
• Portfolio Financing
• Return Multiple
• Risk Sharing
• Settlement Control
• Success Fee
• Term Sheet
• Third-Party Funding
• Tranche
• Waterfall
• Work Product Protection
• Working Capital