Newest Issue - December 2018

December 2018 ABA Journal Cover: Other People's Money.

Other People's Money: Rise of litigation finance companies raises legal and ethical concerns

Litigation financing is third-party funding of legal cases. Legal financing companies provide a nonrecourse cash advance to litigants—usually plaintiffs—in exchange for a percentage of the judgment or settlement. It is not considered a loan but rather a form of asset purchase or venture capital.

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