Private litigants and state governments are turning to new sources of funding for lawsuits. Private litigants are now selling shares of their lawsuits to investment and hedge funds, a practice more popular in countries with more limited access to contingency fees like England and Australia. State governments are now outsourcing their legal work to law firms that work on a contingency fee and may themselves turn to investment and hedge funds. Are these developments good or bad? Are they legal? How, if at all, should they be regulated?
The Litigation Practice Group hosted this panel on “The New Age of Litigation Financing” on Thursday, November 14, during the 2013 National Lawyers Convention.
–Mr. John H. Beisner, Partner, Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
–Mr. Ashley C. Keller, Co-Founder and Managing Director, Gerchen Keller Capital, LLC
–Prof. Jonathan T. Molot, Georgetown University Law Center
–Mr. Walter K. Olson, Senior Fellow, Cato Institute
–Moderator: Hon. Thomas B. Griffith, United States Court of Appeals, District of Columbia Circuit