How Litigation Funding Is Shaking Up The Legal Industry
Law firms are out of ideas on how to boost profits, other than rate hikes. Corporate clients are frequently unimaginative and reluctant to experiment with anything other than rate discounts. The Bench is conservative and concerned about control over cases, rather than promoting responsible access to the legal system.
This session will explore the notion that all of these issues are fully addressed by responsible risk sharing and that, arguably, funding is the only historically transformative and disruptive innovation since contingencies (1700s) and insurance (1800s).
Partner, Reed Smith (New York)
Founder & Managing Director, Drumcliffe LLC (Washington, DC)
Founder & President, YieldStreet (New York)
Investment Manager & Legal Counsel, Bentham IMF (New York)
Director, Burford Capital (New York)