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Observers Say Litigation Finance Poised for Hard Times (Bloomberg Law)
Bloomberg Law, April 7, 2020
Observers Say Litigation Finance Poised for Hard Times
The recent report out of a New York City Bar Association working group on litigation funding was also discussed several times during the course of the forum. Industry players are pleased with the report, which concludes that litigation finance agreements between lawyers and funders are beneficial to clients, and proposes amendments to the ethics rules to allow for such arrangements. The report also did not recommend any mandatory disclosure in court of commercial litigation finance agreements. This is a win for the industry, as it seeks to become part of the mainstream legal market.
