L&F Acquisition Corp., the SPAC launched in late 2020 by renowned litigation funding alumni Adam Gerchen and the former chair of Kirkland & Ellis, Jeff Hammes to acquire a legal tech company, has announced an acquisition.
L&F Acquisition Corp., the SPAC launched in late 2020 by renowned litigation funding alumni Adam Gerchen and the former chair of Kirkland & Ellis, Jeff Hammes to acquire a legal tech company, has announced an acquisition.
John Quinn of Quinn Emanuel tells Christopher Bogart of Burford Capital that he doesn’t foresee U.S. law firms firms transforming into more conventional businesses any time soon, noting that while ownership and sharing of equity in law firms is is coming, like everything else in the legal profession, it’s going to take a long time.
For plaintiffs firms managing through a lull in litigation thanks to the pandemic, litigation funding has become an increasingly viable option, but also potentially more costly. As court cases drag on due to pandemic-related delays, the portion of a settlement owed to funders may start to rise.
Former US state Chief Disciplinary Counsel Mark Dubois test drives Ryval, a new technology platform that plans to sell digital shares in lawsuits, and shares his prediction that “ethical investing in litigation” is the next logical step in the industry’s evolution.
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