Litigation Finance For In-House Lawyers: How To Benefit From The Booming Legal Funding Industry
The litigation finance industry is booming, with billions of dollars available to fund litigation and arbitration matters. Law firms and litigants alike are taking advantage of this proliferation of capital, but what about in-house counsel? Is there a way for in-house counsel and departments to take advantage of litigation finance? YES, there are many ways to make litigation finance work for you!
In fact, in some cases, in-house legal departments can use litigation funding not only to pay the costs of litigation, but also for other internal expenses on a non-recourse basis, i.e. the litigation funder only gets paid if the case or portfolio of cases is successful and results in damages being paid. In other words, general counsel departments can change from cost centers to revenue generators.
As litigation finance becomes more and more common, it is important that in-house counsel have an understanding of the industry and the deal process. Even if your organization does not use litigation finance, it is likely that a litigation counter-party will at some point.
Join us for the next installment of the IHC Advantage Series as Rebecca Berrebi, Founder & CEO of Avenue 33, LLC, and Marc Carmel, Co-Head of the Litigation Finance Group of McDonald Hopkins LLC, will explain the basics of litigation finance, including:
– An introduction to litigation finance
– What is the current state of the industry
– What are some practical deal tips from start to finish
– How to avoid common pitfalls with litigation finance, and
– What are some different use cases in which in-house legal departments can benefit from litigation finance, even when cash flow is not an issue
PLEASE NOTE: THIS RECORDING IS NOT CLE ELIGIBLE.