In the current downturn clients are understandably keenly focused on managing expenses and sticking to budgets. But it’s the nature of litigation to be unpredictable, and that makes it extremely challenging to budget with accuracy.
Burford Insights: What's the secret to accurate litigation budgets?
Burford's Christopher Catalano, Managing Director with responsibility for managing Burford’s US commercial litigation portfolio and for overseeing the firm’s litigation data and analytics efforts, was Vice President and Assistant General Counsel at JPMorgan Chase before joining Burford. Before that, he spent over 15 years litigating class actions and other complex commercial cases in the financial services, healthcare, technology, consumer-product and other industries, including at O’Melveny & Myers, Kirkland & Ellis and Wilson Sonsini. In this video, he explains the secret to an accurate litigation budget:
- The challenges involved in budgeting for litigation with accuracy
- The ways law firms and their clients can benefit from the expertise and economics-driven thinking of a legal finance provider
- The best way for lawyers to think about litigation budgeting