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Betting Millions on Suits: How Litigation Finance Works (Video)

Feb. 3, 2020, 9:55 AM

For centuries it was considered taboo for a third-party to have a financial stake in a lawsuit. Today, thanks to an industry re-examining the relevance of legal doctrines from feudal times, a new crop of firms have sprouted to invest in lawsuits for profit.

The concept, known as litigation finance, has quickly spawned a multi-billion dollar industry that is getting the attention of the country’s largest law firms.

In this video, Bloomberg Law’s Roy Strom gives a peek inside this growing practice and explains what it means for the future of the business of law.

To contact the producer on this story: Andrew Satter in Washington at asatter@bloomberglaw.com

To contact the executive producer responsible for this story: Josh Block at jBlock@bloomberglaw.com