A Practical Guide in Litigation Finance: Practical Tips and Strategies
Third-party litigation finance continues to gain popularity in the fields of law and finance. Nearly unheard of decade ago, litigation finance is now a multi-billion-dollar industry. Litigation finance allows claimholders who otherwise cannot afford the mounting costs of litigation to access the courts with top-choice counsel. It helps law firms expand their contingency fee practice, and it allows claimholders to mitigate the risks of litigation and monetize their legal assets.
With litigation finance continuously evolving and growing, it is becoming more imperative for practitioners to keep themselves abreast of the recent trends and developments in this field. They must not only be able to help their firms and clients navigate the different funding options, but also to understand how to navigate the ethical and regulatory issues relevant to the world of litigation finance.
In this LIVE Webcast, legal counsel Grant Schrader (Law Finance Group) and investment manager William C. Marra (Validity Finance, LLC) will discuss the significant and latest issues with respect to litigation finance. Speakers will provide a comprehensive guide on how practitioners can better maximize the opportunities presented by this rising trend whilst mitigating potential risks.
Key topics include:
- Litigation Finance – What Is It and How Does It Work?
- Common Litigation Finance Products
- Why Use Litigation Finance?
- Best Practices to Get Your Case Funded
- Recent Ethical and Regulatory Developments
- Choosing the Right Litigation Finance Provider
Law Finance Group
Validity Finance, LLC
- Litigation finance allows claimholders to access the courts – it is a third way to finance legal claims, in addition to paying lawyers by the hour or hiring lawyers on a contingency
- There are many different types of litigation finance products, the most common ones being (a) fees and costs funding, (b) law firm portfolio funding, and (c) asset monetization (including appeals funding)
- Claimholders should seek litigation funders who are knowledge about the industry, provide fair and transparent terms, and add value to the claim alongside providing capital
- The ethical and regulatory issues should not present a barrier to most funding agreement, but it’s important for lawyers and claimholders to be aware of these issues, which include disclosure, the ethical rule against fee sharing, and preserving attorney independence and client control over the course of litigation
Who Should Attend:
- In-House Counsel
- Law Firms
- Professional Service Firms
- Corporate Claimants
- Compliance Officers
- Strategic Advisors
- Finance Management Officers
- Arbitrators & Mediators
Since joining Law Finance Group in 2017, Grant has become a pivotal member of the management team, leading underwriting and overseeing the review and diligence of all of LFG's transactions and investments. Prior to joining LFG, Grant spent many years as a corporate litigator at Morrison & Foerster LLP in San Francisco, where his practice focused on financial services, consumer class actions, and commercial disputes. He also worked as a judicial extern in the U.S. Court of Appeals for the Ninth Circuit and as a law clerk in the Alameda County District Attorney’s Office. Grant earned his law degree from the University of California, Berkeley, and his Bachelor of Science in psychology and law & society from the University of California, San Diego.
Since joining Law Finance Group in 2017, Grant has become a pivotal member of the management team, leading underwriting and …
William C. Marra is an Investment Manager at Validity.
A former law clerk at the United States Supreme Court, Will has been recognized as a Global Leader in Litigation Finance by Lawdragon, and his article The Shadows of Litigation Finance will be published by the Vanderbilt Law Review in Spring 2021.
Will is responsible for sourcing investment opportunities from the country’s leading lawyers and claimholders, and he is also actively engaged in Validity’s due diligence and investment underwriting process. He offers Validity’s clients his expertise as a former commercial and constitutional litigator at Cooper & Kirk, PLLC, as well as his experience working at Bain & Company, the business consulting firm.
Will graduated magna cum laude from Harvard College and Harvard Law School. In addition to clerking for Justice Samuel A. Alito, Jr., Will also clerked for Chief Judge William H. Pryor, Jr., of the United States Court of Appeals for the Eleventh Circuit. During college, he served as President of The Harvard Crimson, the University’s daily newspaper.
William C. Marra is an Investment Manager at Validity. A former law clerk at the United States Supreme Court, Will …
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Method of Presentation:
On-demand Webcast (CLE); Group-Internet Based
General knowledge of litigation finance
NY Category of CLE Credit:
Areas of Professional Practice
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About Law Finance Group
Founded by lawyers in 1994, Law Finance Group™ (“LFG”) is widely recognized as a pioneer and trusted leader in litigation finance. LFG offers innovative and tailored funding solutions designed to enable plaintiffs and their attorneys to pursue meritorious claims of all types, and to provide capital to law firms to grow their practices. The company’s seasoned in-house attorneys understand the complex realities of pursuing litigation, and are committed to supporting the financial and strategic needs of clients in an efficient and ethical manner. LFG works with clients across the legal landscape, from solo practitioners to midsize, regional law firms to AmLaw 100 firms and Fortune 500 companies, who all turn to LFG to manage risk, unlock capital, and ensure disputes resolve on their own terms.
About Validity Finance, LLC
Validity is a commercial litigation finance company that provides businesses, law firms and individuals with non-recourse financing for a wide variety of commercial disputes. Founded in 2018, with $400 million in financing, Validity believes that capital and legal expertise combine to help solve legal problems on behalf of clients. Validity’s’ mission is to make a meaningful difference for clients by focusing on fairness, ethics, innovation, and clarity.