In "Would Litigation Financing Improve Mass Torts," the National Law Journal examines an article by ProfessorByron Stier suggesting that plaintiffs should be allowed to sell their claims to financial entities. As Chris mentioned in an earlier post, Byron's article was part of the "Perspectives on Mass Tort Litgiation" symposium held at Widener last April.
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...
