Ultimately, I agree with your conclusion that the parties to a litigation funding agreement must contractually negotiate the scope of their respective duties. I believe, however, that for several reasons those duties should be contractual and tailored to the specific transaction rather than a blanket application of common law fiduciary duties.
First, let me say that at Themis, while we consider our company to be an active funder, we fully acknowledge that the ultimate decision making authority...
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.
Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do not require college-level skills.
This prerequisite applies to everyone,...
This article is by Professor Yasmin Sokkar Harker (CUNY) and available at 105 Law Libr. J. 79 (2013). From the synopsis:
Law students and new attorneys must have well-developed analytical skills in order to find information that is pertinent to their legal problems and to become competent legal researchers in today’s information-rich environment. Law librarians and legal research instructors can help develop students’ analytical skills by asking them to participate in activities that encourage...
No matter what it is—a pair of jeans, a car or even a house—in that moment when an object becomes your property, it undergoes a transformation.
Because you chose it and you associate it with yourself, its value is immediately increased (Morewedge et al., 2009). If someone offers to buy it from you, the chances are you want to charge much more than they are prepared to pay.
That is a cognitive bias called 'the endowment effect'.
It's the reason that some people have lofts, garages and storage...
The day before mixed martial artists compete in the Ultimate Fighting Championships (UFC), they pose with each other in a staged face-off. A new study has analysed photographs taken at dozens of these pre-fight encounters and found that competitors who smile are more likely to lose the match the next day (pdf via author website).
Michael Kraus and Teh-Way David Chen recruited four coders (blind to the aims of the study) to assess the presence of smiles, and smile intensity, in photographs...
The dispute resolution clause in a Maine real estate contract required use of mediation and provided for attorney’s fees if either party litigated and lost after refusing to go to mediation. However, when a dispute resulted in litigation and neither party sought mediation, the court concluded that the prevailing party was not entitled to attorney’s fees because there had been no refusal to mediate. Thompson v. Miles, No. 1:10-CV-00234 (U.S.D.C. D. Maine, January 8, 2013)