In an article for American Lawyer, Ari Kaplan draws from his qualitative research on legal finance to highlight common misconceptions about the category. Kaplan notes that lawyers’ misconceptions tend to fall into four buckets: That financing litigation leads to a loss of case control, that it triggers frivolous litigation, that it is overly expensive and that it is only obtainable when cases are extraordinarily large. Citing the need for more education on the category, Kaplan notes that: “22 percent of law firm partners characterized the challenge as a lack of understanding about how to use [legal finance].
