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Richard Levick

In the years since litigation finance first emerged, the Institute for Legal Reform and allied interests have fought a resolute, multi-front battle against it. One tactic has been to vilify litigation funders for bankrolling allegedly frivolous lawsuits, and to argue that such investments drain beleaguered companies of precious resources by funding spurious claims that force expensive defenses or unnecessary settlements. This storyline, misleading as it may be, has been effective, and the battle lines between corporate powers and litigation funders have been so neatly drawn that even observers who are, like myself, sympathetic to litigation finance, have unwittingly bought in on a wholly flawed assumption.

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