The financial terms of a funding agreement are the most critical factor for lawyers when deciding whether to obtain financing from a litigation funder, according to Bloomberg Law’s most recent State of Practice Survey.
Bloomberg Law surveyed over 450 attorneys on several topics, including their use of litigation finance. Of the 31 attorneys who answered a question regarding the importance of various factors in the selection of a funder, 26 reported that the financial terms offered are important.
For attorneys considering litigation finance for the first time, financial terms were also top of mind. “High financing costs"—along with maintaining control ...
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