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Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
August 13, 2019
Jane Doe 4, the last anonymous plaintiff in a $200 million class action against the firm, is now just one of dozens of proposed class members who stand to benefit if the lawsuit is successful.
By Dan Packel
1 minute read
August 7, 2019
Burford shares plummeted after investment firm Muddy Waters Research called the third-party litigation funder "a perfect storm for an accounting fiasco." Burford said its accounting is sound and its cash position is strong.
By Dan Packel
1 minute read
August 6, 2019
Validity Finance and ALM Intelligence found that while most lawyers still haven't used third-party litigation funding, more than half of them are game to try it.
By Dan Packel
1 minute read
July 29, 2019
Far from deserving Cravath-scale pay, one former Jones Day associate "struggled with basic tasks," the firm says.
By Dan Packel
1 minute read
July 25, 2019
With the litigation funder's income climbing 40% and profits up 36%, CEO Chris Bogart said the legal industry, "long a cash-only business," is embracing capital in earnest.
By Dan Packel
1 minute read
July 22, 2019
The giant Brazilian conglomerate J&F Investimentos dropped its case against the firm with prejudice, according to a filing, and "without payment," according to Baker McKenzie.
By Dan Packel
1 minute read
July 16, 2019
The promotions are the latest sign that clients are ever savvier about legal operations and law firm pricing—and the firms don't want to fall behind.
By Dan Packel
1 minute read
July 3, 2019
Christine Lagarde has temporarily stepped down from her role as managing director of the International Monetary Fund while her nomination is considered.
By Dan Packel
1 minute read
June 27, 2019
Following legacy Bryan Cave and BLP's merger last year, the two firms have combined their service delivery teams.
By Meganne Tillay and Dan Packel
1 minute read
June 27, 2019
A new report from Burford Capital finds that financial executives at the largest companies are especially open to third-party litigation funding.
By Dan Packel
1 minute read
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
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