Law Practice,
Civil Litigation
Jan. 20, 2021
How litigation finance is changing the legal profession
Variations on litigation finance have included settlement-advance companies attempting to cash in on the #MeToo movement by offering to fund sexual harassment lawsuits.
The rapid rise of litigation finance is one of the decade's key legal industry developments, but it's not without its critics. The idea of nonparties paying for litigants to go to court -- for profit, for revenge or for other motives -- has raised alarms among some calling for regulation of the practice and praise by others who point out that it's a way for cash-poor claimants to fund meritorious litigation.
The trend usually involv...
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