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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.
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Congress and the Evolving SECURE Act
By Lawrence L. Bell
The SECURE Act aims to encourage Americans to save more for retirement, in part by making that process easier. SECURE 2.0, recently passed by the House of Representatives would continue to tweak the rules for contributing to and withdrawing from retirement savings vehicles. It’s on its way to the Senate.
How to Manage 6 Risks Affecting Cybersecurity for Law Firms
By Chris Mangano and Edward Keck, Jr.
Cybercriminals are increasingly targeting law firms; extortion is quickly realized, given the nature of highly confidential client data. The digital footprint of law firms is constantly expanding, leading to more entrances to a firm’s network infrastructure, which is a direct gateway to data.
Amending the Law Firm Partnership Agreement
By Arthur J. Ciampi and Maria L. Ciampi
Many law firms with a written agreement stick it in a drawer, rarely read it, and do not amend it. Failing to amend the agreement can cause harm to the firm and its partners.
The 2022 GC Compensation Survey: Pay Spikes After Pandemic Pause
By Phillip Bantz
Pay for the nation’s most powerful legal chiefs has rocketed back into the stratosphere following a slump amid corporate austerity measures during the height of the COVID-19 pandemic — and a familiar name has reclaimed this year’s cash king crown.
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