Even though Susman Godfrey partner Shawn Rabin works for a firm with four decades of experience making a contingency-based commercial litigation practice work, his phone line is buzzing with entreaties from litigation funders.
The industry has an estimated $9.5 billion in assets under management in the United States, according to a recent study, and that capital needs to find a home. Consequently, funders are tracking PACER for fresh filings and reaching out to litigators with promising cases. And third parties are getting in the mix, too—litigation finance brokers aiming to connect claimaints to funders and vice versa.
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