Business Leaders, Counsel Drawn to Litigation Financing
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Getting a boost from a third-party investor in litigation is still a relatively new concept for lawyers and businesspeople in the United States, but it appears to be gaining steam, according to the results of a new survey.
The second annual Litigation Financing Survey [PDF], sponsored by Burford Capital, a provider of investment capital and risk solutions for litigation, and conducted by Briefcase Analytics, a business intelligence firm, surveyed private practice lawyers, in-house counsel and financial executives to find out how they view litigation financing. In analyzing more than 400 responses collected in autumn 2013, they found that there has been an increase of 15 percent over 2012 in the number of attorneys who see litigation financing as a useful tool.
Christopher Bogart, chief executive officer of Burford and a former general counsel of Time Warner Inc., told CorpCounsel.com that there’s plenty of evidence in the survey that lawyers and businesspeople have come to understand how letting third parties help fund litigation can also improve a company’s bottom line.
Read original articleTags: Briefcase Analytics, Burford Capital, business intelligence, Litigation Financing, Litigation Financing Survey
