The discrepancy in attractiveness of litigation finance between states generally stems from judicial decisions that have been handed down in that state, as well as state-level legislative differences.
Many people new to the industry do not realize that there are important differences in litigation finance across states. Managing those differences can be challenging. The reality is that managing a portfolio of claims is tough by itself, but once you throw in differences between states for a given claim, it is next to impossible to manage these claims on one’s own.
One major improvement that is helping to professionalize the industry is portfolio management software for funders. Mighty offers probably the most well-know case management software in the field. Mighty co-founder Dylan Beynon says that differences between states are an important consideration that can be a struggle for litigation finance professionals to deal with on their own.
