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Proposed Attorney Guidance an ‘Alert’ on Litigation Finance (Bloomberg Law)
Bloomberg Law, July 28, 2020
Proposed Attorney Guidance an ‘Alert’ on Litigation Finance
Litigation finance remains largely unregulated on a federal level, despite the U.S. Chamber of Commerce arguing fee-sharing agreements between lawyers and funders should be banned and seeking rules forcing litigants to disclose a financier’s interest. Some state bars, including the New York City Bar Association, have considered changing professional ethics rules to clarify how funding should be used.
