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Lawyerly suggests looming in-house shift to legal finance

In Lawyerly’s coverage of Burford’s 2018 Litigation Finance Survey, Cat Fredenburgh reports that “In-house counsel are becoming more open to litigation finance as a means to manage risk”. She adds that “Forty-five percent of the in-house lawyers surveyed reported an increase in their organization’s use of litigation finance in the past two years, while 48 percent said their organization was somewhat likely or very likely to use litigation finance in the next two years.” She quotes one of Burford’s interviewees, a GC of a Fortune 500 company, who says: “The days where companies like ours were willing to tolerate paying millions of dollars on litigation that grinded on and just settled for an amount that it could not have predicted at the outset is something that is not long for this world.”

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