Michael Kelley shared insight with the ABA Journal on how investors can reduce risks with litigation financing.
Michael explained that portfolio financing, where a funder invests in various cases at a law firm, can reduce the risk of any one lawsuit going south. He has also seen contracts requiring deposit account control agreements with financial institutions, which give the funder control.
You can read the full article here: Risky Business -More firms embrace litigation financing, but pitfalls abound
The ABA Journal is the flagship magazine of the American Bar Association that features breaking legal news and trending topics within the legal industry.