Andrew Cohen on the growth of legal finance in Legal Dive
Legal Dive writes about the growth of legal finance among both corporate clients and law firms, with expert commentary by Burford Managing Director Andrew Cohen.
The article states: "Money from [commercial legal finance] firms provide financial executives a way to help smooth cash flows and free capital for their core business. For in-house legal departments, the funds can bolster legal budgets and unlock value from an asset — a successful lawsuit — where collecting a judgment could be months or even years away."
Cohen adds: "'I think we’ve seen, as we have with corporates, a growing acceptance of an interest in law firms getting legal finance'"..."As litigation costs increase, accepting contingency cases becomes a larger financial commitment for a law firm, he said."
