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Accounting and Financial Planning for Law FirmsFeaturesLaw Firm ManagementLitigationLJN Newsletters

Dispelling the Myths of Litigation Funding

By Travis Lenkner
July 01, 2017

Litigation finance, or the practice of providing capital using legal claims as the underlying asset, is a growing industry. Its use by law firms alone grew four-fold between 2013 and 2016, according to Burford's 2016 Litigation Finance Survey. However, the more a new industry grows, the more it is talked about — and, inevitably, misunderstood. So it goes for litigation finance in 2017. And while litigation finance can be a useful problem-solving tool in a variety of circumstances, to optimize its use, the legal and corporate industries should first collect the facts.

Here, I dispel three of the most common misconceptions about litigation finance.

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