The Future of Litigation Funding: What Lies Ahead?
Although it is still a relatively new feature of the legal industry, commercial litigation funding continues to grow within the United States and globally. Third-party funding has become a popular and effective tool used by legal firms and corporate counsel to manage risk when dealing with commercial disputes, whether in court or in arbitration. As the industry continues to grow, it becomes more sophisticated, offering more tailored and novel solutions to the problem of managing litigation risk. But it also continues to raise important questions for attorneys and corporate counsel alike. It is rapidly becoming imperative that law firms and in-house legal counsel familiarize themselves with these developments in order to advise clients on the use of litigation funding.
Listen as key thought leaders and practitioners assembled by The Knowledge Group provide the audience with an in-depth understanding of the possible developments in litigation funding and their future implications for the legal system. Speakers will identify key issues for funders, lawyers, and claimants alike, and explain emerging trends within the industry. They will also present best practices in leveraging litigation finance in this evolving legal climate.
Some of the major topics that will be covered in this course are:
- Litigation Funding – Emerging Trends and Developments
- Notable Court Decisions
- Legislative Update
- Due Diligence Best Practices
- What Lies Ahead
John Harabedian, Associate Investment Manager, Legal Counsel
Julia Gewolb, Director of Underwriting
Validity Finance, LLC
- Increasing Adoption by Law Firms and Companies of Commercial Litigation Funding as a Strategic Finance Tool
- Duty to be Informed of Litigation Funding and Fee-Sharing
- High Quality Claims Being Litigated More Frequently
- Use of AI / Data Tools in Litigation Funders' Due Diligence
- A Clearer Picture on Regulation of Litigation Finance – Guided by Court Decisions
- Legislative Update
- Global Growth of the Litigation Finance Industry
- Growing Sophistication of Financial Offerings by Litigation Funders
John Harabedian is an Associate Investment Manager, Legal Counsel in Bentham's Los Angeles office. Prior to joining the Bentham team, John was a prosecutor in the Los Angeles County District Attorney's Office, where he conducted over a hundred preliminary hearings and served as the sole prosecutor on six trials to verdict. Earlier in John's career, he practiced as a litigator at Latham & Watkins LLP, representing both plaintiffs and defendants in commercial and securities litigation.
John graduated from Yale University, and received his M.Sc. from Oxford University. After receiving his J.D. from Stanford Law School, John served as a law clerk to Judge Josephine Staton of the U.S. District Court for the Central District of California. John served as Mayor of Sierra Madre during the 2014-2015 term, and was re-elected to the City Council in April 2016 for another four-year term.
John Harabedian is an Associate Investment Manager, Legal Counsel in Bentham's Los Angeles office. Prior to joining the Bentham team, …
Julia Gewolb is Validity’s Director of Underwriting. Working across the organization, Julia is responsible for ensuring an effective review process to evaluate case merits during the diligence phase of the litigation investment. With her background in complex commercial litigation, she additionally helps offer legal advice on investments to the entire Validity team.
Prior to Validity, Julia was Legal Counsel at Bentham IMF in New York and a litigation attorney at Boies, Schiller & Flexner LLP in New York, where her practice included litigation in the areas of antitrust, intellectual property, securities, contract, trusts and estates, and constitutional law. She has successfully represented both plaintiffs and defendants at trial. In 2015, Super Lawyers Magazine named Julia a “Rising Star” in Business Litigation.
Julia Gewolb is Validity’s Director of Underwriting. Working across the organization, Julia is responsible for ensuring an effective review process …
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Method Of Presentation:
General knowledge of litigation financing
NY Category of CLE Credit:
Areas of Professional Practice
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About Bentham IMF
Bentham IMF is the US arm of IMF Bentham Limited (ASX: IMF), one of the most successful litigation funding companies in the world, and one of only two Chambers and Partners “Band One” litigation funding companies in the US, with a portfolio that has a total claim’s estimated recoverable amount of $5.6 billion AUD. The companies have 14 offices throughout the world and provide funding to clients in the US, UK, Europe, Australia, Canada, New Zealand, Hong Kong and Singapore. They have funded to completion 184 cases in the past 17 years, generating $2.3 billion AUD in recoveries and achieving a 90% success rate, with their clients retaining an average of 61% of all case proceeds.
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 $250 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.