In the News
Lawyers and the Ick Factor
The New Yorker, July 9, 2015
Lawyers and the Ick Factor
Hundreds of companies, increasingly from the Fortune 500, have used litigation finance, convinced that it was in their interest, according to people in the field….American bar groups have given it their cautious blessing, if a funding doesn’t undermine a lawyer’s fulfillment of his duty to his client and other tenets of legal ethics. Most of these deals are confidential, and there is no media outlet or information service that counts and analyzes them. The New York City Bar Association estimated in 2011 that the total amount of money in play in litigation financing in the United States exceeded a billion dollars.
