When legal funders look at the corporate world, they see a vast, untapped market of potential clients. Over the last few years, funders have seen law firms climb aboard the increasingly powerful litigation finance train. Now, they want the in-house crowd to follow.
Litigation finance firms invest in litigation in exchange for a cut of the settlement or award. They can also enter the picture toward the end of a case and provide a cash infusion to help companies and law firms enforce judgments. They tout litigation financing as a way for firms and companies to hedge risks and control costs.
