Russ Genet, a Director at Longford Capital and a former IP litigator, talks about the crucial rule of due diligence in IP litigation finance, how similar a litigation funder’s due diligence process is to a litigator’s and why due diligence in IP litigation finance is like mission control for a space launch.
California lawmakers are set to vote before the end of the month on legislation that would allow the California bar to test new legal service models to make them more affordable. An amended version of the bill would still prevent non-lawyer companies from co-owning firms, however, and ban the sharing of legal fees with non-lawyers, thus preventing firms from going public or taking investments from litigation funders and others. Despite these developments, William Farrell Jr. of Longford Capital still predicts that California will eventually loosen its regulations.
Justin Maleson of Longford Capital predicts even more widescale adoption and continued innovation in litigation funding over the next decade. He expects to see several states follow Arizona’s lead in allowing non-lawyer ownership of law firms and the continued development of defense funding offerings.
Brandon Baer of Contingency Capital, Fred Fabricant of Fabricant LLP, Michael Nicolas of Longford Capital and Andrew Woltman of Statera Capital reflect on the current state of the US litigation finance industry and the trends they are witnessing in the market, including increased requests from law firms and their clients for upfront capital and an increased demand from the insurance market to participate in litigation finance.
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