What Not to Do With Half a Billion Dollars: Litigation Finance

Happy Friday!

If you’re looking for advice on what not to do with litigation funding, here’s some from Harris Pogust, founder and former partner at Pogust Goodhead:

“A lot of times partners get a chunk of money from a funder, the funder’s not paying attention, and the partner goes and buys a Maserati and has fun and then, in the blink of an eye, they’re out of funds.”

That’s from my candid and wide-ranging conversation with Pogust nearly a year after his departure from the UK law firm. Since then, the firm has experienced turmoil with its funder, Gramercy Funds ...