By Charles Toutant | April 25, 2024
The defendants "received payments totaling $31,650 while their suits were pending, and in the event of a breach of contract Legal Bay is entitled to three times that amount, plus attorney's fees and expenses," the suit states.
By Justin Henry | April 9, 2024
The New York City Bar Association's professional responsibility committee proposed statewide changes to Rule 5.4 that would allow lawyers to pledge security interests in unrecovered legal fees to non-lawyers, including third-party financers.
By Chris O'Malley | March 26, 2024
Tracking television legal ads that solicit plaintiffs for mass torts can give general counsel early warning of new trends and gauge the plaintiffs' bar's appetite in product litigation categories.
By Charles Toutant | February 29, 2024
"Due to the lack of transparency in [third-party litigation funding] arrangements, parties to litigation and judges are oftentimes not aware of potential conflicts of interest, have no reasonable way of gauging improper outside influence by funders on litigation strategy or settlement decisions, or other ethical concerns with funding arrangements," said Anthony Anastasio, president of the New Jersey Civil Justice Institute.
By Charles Toutant | April 18, 2023
Critics of litigation funding say it causes trials and other proceedings to run longer, raising the costs of litigation.
The American Lawyer | Analysis
By Justin Henry | February 14, 2023
Litigation funders are eager to make equity investments in law firms, but partner resistance and regulatory uncertainty present major obstacles.
The American Lawyer | Analysis
By Justin Henry | February 3, 2023
Leaders at Burford Capital and Validity Finance say that in a down market, firms are increasingly open to arrangements that allow them to offload risk.
By Charles Toutant | July 1, 2022
"In my position, I get to meet a broad range of people and each case yields a new puzzle in need of a solution. I love learning, and the practice of law, if done right, requires that you continue to learn and refine your skills on a daily basis," Mathews said.
National Law Journal | Analysis
By Christine Schiffner | March 11, 2022
As court cases drag on due to pandemic-related delays, the portion of a settlement owed to funders may start to rise.
New Jersey Law Journal | Analysis
By Dan Packel | December 28, 2021
A New Jersey magistrate judge's ruling that required disclosure was among the industry's notable moments in 2021.
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