Monday, June 30, 2014

Nathan Lane Talks About the Benefits of Litigation Funding

Business Services Week UK

Nathan Lane speaks on the benefits of third-party litigation financing here, but you can also check out these five ways to grow your business through litigation funding, here.


According to Mr. Lane,

“ Unfortunately large lawsuits are a long and lengthy process, they’re stressful and very costly. Litigation funding companies helps lift a bit of the financial weight so that they have the money to carry on pursuing their case until a fair settlement is offered.”

See more at:


Nathan Lane Talks About the Benefits of Litigation Funding

SCOTUS Turns Away 9/11 Victims Seeking Suit |via Christian Science Monitor

The Christian Science Monitor 


Attorneys for the 9/11 victim lawsuit against the many institutions and industries that directly and indirectly supported Al Qaeda’s financial ability faced a challenged today as the Supreme Court declined to take up the case.

“Lawyers for those killed or injured or who suffered property damage in the hijack-terror operation sought to pursue what they said were the “principal financial and operational supporters of al Qaeda” during the period leading up to the Sept. 11, 2001, attacks.

They included several Saudi banks, Islamic charities, three financial institutions in Liechtenstein, four of Mr. bin Laden’s half brothers, and the family construction business, the Saudi Binladin Group.

A federal judge and a federal appeals court dismissed much of the case, ruling that the plaintiffs’ lawyers had failed to show evidence that actions taken by the alleged Al Qaeda supporters had approximately caused the injuries suffered by the victims on 9/11.”

View the full story, here 

SCOTUS Turns Away 9/11 Victims Seeking Suit |via Christian Science Monitor

Thursday, June 12, 2014

Litigation Funding for Attorneys

Many people assume that litigation funding is used by people involved in lawsuits, but actually, many firms also fund law firms as well.  Attorneys normally charge a flat or hourly fee for their services, and often may pass on a meritous claim due to a potential client’s inability to pay. By receiving payment in advance or as they work from a litigation funding company, these attorneys can cover their expenses and repay the litigation funding company once the client's case is resolved.   Often, the litigation funding company is only repaid of the lawsuit is successful.

This model of litigation funding isn't uncommon at all.  Many high-profile class action suits have featured investments from an outside source to enable the attorney to represent the client in question. A prominent example where a law firm has borrowed money in order to litigate on a client's behalf is in the case of the lawyers representing most of the ground zero workers suing New York City over health issues, Worby Groner Edelman and Napoli Bern Ripka.

Other firms, like Amerevision Legal Finance, a niche commercial funder based in New York that focuses on funding real estate related matters, provide law firms with direct payment for work performed when their client has a strong case but lacks the ability to cover the costs of litigating.  Other types of private funders may simply cover the attorney retainers, relieving the burden of up-front payment but still leaving court costs in the hands of the client.  Still more advance money to a litigating client to be used as they wish in anticipation of a settlement.

In summation, litigation funding is not necessarily a one size fits all industry. Each case is unique, as is each client. Whether the client is a Fortune 500 corporation, a self-starting entrepreneur, or a tenacious lawyer, there are different litigation financing options available.  

Labels: , , , , , ,