In an article first published in Financial Director, Leeor Cohen discusses why unfavorable accounting of litigation leads to “no-win” situations for businesses–and how to work around it.
Monetizing a litigation judgment or arbitral award through asset recovery can be a challenge, as the work required is generally multi-faceted, encompassing human inquiries, detailed public record research, the establishment of a legal strategy tailored towards multiple jurisdictions, creative problem solving–and a little luck. While every scenario is different, this guide outlines what to expect when pursuing asset recovery.
When private equity firms analyze prospective deals, they consider everything from the industry and what the company does to the senior team and the company’s recent financial performance. During what is otherwise an exhaustive diligence process, however, one of the most significant assets of the business is largely overlooked: litigation.
Some GCs remain skeptical about litigation finance, but a broader understanding reveals at least five reasons why litigation finance can become a relevant tool for in-house counsel in various corporate circumstances.
Each year, law firms welcome promising lawyers into their partnerships. For new partners, this milestone offers clear professional and financial benefits—but the transition from associate to partner also comes with new challenges and obligations.
Burford Investment Committee Member Peter Haje has been general counsel of a Fortune 50 company, a partner at an AmLaw 50 firm and was an early and active participant in the field of litigation finance. He’s seen the economic pressures on the business of law every angle—and shared his views on industry trends.
The Federal Trade Commission recently released its study on the activities of Patent Assertion Entities (“PAEs”) in the United States. When it first announced the study in…
Uncertainty and change tend to trigger litigation—and in the months since the UK voted to leave the European Union, the lasting effects of Brexit are slowly coming to light. And while the ultimate impact is yet unknown, three aspects of the legal system are likely to undergo change in the coming months and years.
“Change or die”: So goes the Silicon Valley slogan that, like so many clichés, has an essential element of truth—and never more so than for the business of law. The year ahead offers new opportunities for lawyers willing to embrace change, and continued economic pressure for those who resist it.
In many quarters of the legal market, commercial litigation finance has become ubiquitous. In the US, the number of lawyers whose firms have used litigation finance has quadrupled since 2013. Even so, too many remain poorly informed, leaving them both at a competitive disadvantage and prone to oddly persistent “alternative facts” about litigation finance.