Clients are crying foul over their dealings with Pravati Capital and experts are questioning the structure of the deals and the startlingly high interest rates the company charges. More from Bloomberg Law.
Clients are crying foul over their dealings with Pravati Capital and experts are questioning the structure of the deals and the startlingly high interest rates the company charges. More from Bloomberg Law.
Annie Pavia of Bloomberg Law shares the results of Bloomberg Law’s 2021 Litigation Finance Survey, revealing that the majority of litigation funders (56%) reported that their business increased even in the middle of the economic downturn last fall and a slightly larger percentage (59%) said they have more business now than they did before the downturn began.
Big Law has a long track record of internal squabbles over contingent fee payments and, despite the role that litigation funding plays in the increased use of contingent fee billing, lawyers are not interested in the advice of litigation funders on how best to structure compensation decisions, according to sources at two major litigation funders.
Famed New York trial lawyer Bill Carmody explains why the majority of his plaintiff-side cases are “pure” contingency fee arrangements, even though such arrangements are increasingly rare in “bet the company” courtroom battles where hybrid arrangements and third party funding have made it easier for everyone to hedge their wagers.
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