Co-presented with Summit Legal Resources, LLC, Nationwide Litigation Funding, Inc., and Connolly Gallagher, LLP
The Philadelphia Bar Association is proud introduce this timely new CLE program delivers a detailed survey of the rapidly growing market of litigation funding and law firm financing by third-parties. This type of innovative financing is being utilized by boutique practices to large, national firms for cases that include contract breaches, business torts, intellectual property infringement, misappropriation of trade secrets, shareholder and consumer claims, and class actions and mass torts. Attorneys representing business clients and corporate counsel need to know how non-recourse funding works, and how it can be used to finance meritorious claims, manage firm, corporate and legal department budgets, and reduce the risk of loss.
This CLE program addresses the emergence of third-party litigation funding, the current legal environment and recent legal developments, ethical considerations, as well as, practical advice using case studies. Recent developments in Pennsylvania include the Appeal of Bruce McKissock in the WFIC/Polymer Dynamics case regarding champerty. Other recent developments include the successful litigation of third-party funding related issues by Ryan Newell of Connolly Gallagher in the Delaware courts in the Charge Injection Technology case.
Faculty will offer guidance regarding this financing method, highlighting the following:
- Introduction/What It’s Not
- Origins and Current Conditions
- Tool for Litigators and Clients
- What Can Be Used as Collateral?
- Underwriting Requirements
- Structure and Process
- Legal Considerations
- Ethical Considerations
- Practical Considerations
- Food for Thought
The course is designed to help civil litigators, law firm management, in-house counsel, and business clients understand the potential value and challenges of third-party lawsuit funding.