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Litigation Funders and Law Firms Teaming Up, Signaling Growth in Unprecedented Ways

The American Lawyer highlights the relationship forming between law firms and third party litigation funders and explores the evolving role that litigation funding is playing in the litigation landscape, specifically in funding commercial suits. “’There has always been discomfort about the role of money in the profession’, says Geoffrey Miller, co-director of New York University School of Law’s Center for Civil Justice. By adding investors to the litigation ecosystem, ‘are we losing something’ he asks. ‘Do we degrade our professionalism? Do we create in the public’s mind the sense that law is all about the money?’”

Read the full article here.

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N.J. Federal Courts Will Now Require Disclosure of Litigation Funding

There is a Chinese Proverb that says, “never do anything that you want to remain a secret.” Now, thanks to a new rule amendment adopted by the U.S. District Court for the District of New Jersey, this proverb also applies to litigation funders in federal court in the Garden State. New Jersey’s decision is a significant victory in the fight to bring transparency to a multibillion industry that operates in the shadows.

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