Legal consultant limelight: Justine Maleson

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In the News

California Takes Up Law Firm Ownership Fight After ABA Sidesteps

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.

Insights

State of the Litigation Finance Industry: Innovations & Outlook

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.

Funder News

Longford Capital Raises $682 Million for New Investment Fund

Chicago-based Longford Capital Management has raised $682 million for its third investment fund and has already committed $270 million to new investments in the fund. Fund III is the third private investment fund Longford has closed since the firm began operating in 2013, and its assets under management now exceed $1.2 billion. Fund III includes repeat investors from Funds I and II, as well as many new investors, attracting capital from state and municipal pension funds, university endowments, foundations, single and multi-family offices, and high-net-worth individuals.

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Never miss a thing in the litigation finance market.