Hunting elephants: Can big data transform litigation funding?

A new form of legal intelligence is emerging that could shake up the funding industry. Litigation analytics tools scour large quantities of data to predict case outcomes, as well as the likely cost and length of a claim. They can also build profiles of the parties involved, including judges. These data tools promise to bolster funders’ profits, but they also raise the risk of a reaction from the courts, as has already happened in France.

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Can law firms reinvent litigation funding?

A growing body of solicitors’ firms are setting up third-party funding arms. When law firms and funders get too chummy, however, conflicts can arise, with the interests of law firms and funders often very different, according to Tets Ishikawa of LionFish.

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