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Insightful article from David Lat at Bloomberg Law about how far the U.S. commercial litigation finance industry has come in the past decade. From its very existence being questioned to now being a fundamental part of business for Big Law and law firms of all sizes, commercial litigation finance has gone "from the fringe to mainstream." The decision by the U.S. Court's Advisory Committee on Civil Rules to study whether to adopt a new rule in the Federal Rules of Civil Procedure on disclosing litigation finance is just another example of the normalization and mainstreaming of this important financial resource for law firms and companies pursuing meritorious claims. Statera is proud to be a part of this industry, to hold itself to the highest ethical standards, and to provide responsible solutions for meritorious commercial disputes that need $500,000 to $4mm in funding. Thanks to Casey Grabenstein at Saul Ewing LLP, Mike Lackey at Mayer Brown, Wendie Childress at Westfleet Advisors, Benjamin Blum at Flexpoint Ford, and Mani Walia at Siltstone Capital for sharing their perspectives on where the industry has come from and where it is going. #litigationfunding #legalfinance #litigationfinance #thirdpartylitgationfunding https://lnkd.in/ea4nTxaC

Today's #ReadFirstLegal recommendation is: 'The Catch-22 of Law Firm Partner Profits' by Jordan Furlong https://loom.ly/pfc-Bq4 #auslaw #lawfirmstrategy #strategy #psf #psfbd

Really interesting article about the pros and cons of litigation funding. Worth the read! #lawfirm #legalnews #litigationfunding

Litigation funders face new restrictions in Louisiana after its governor signed a bill to regulate the growing industry, joining a small list of other states that have considered or approved similar laws. Under the legislation, which Republican Governor Jeff Landry signed on June 19, funding in civil actions by litigation funders from a ‘foreign country of concern’ must be disclosed to the state attorney general. Third-party litigation funders under the bill, are also prevented from influencing or directing the parties in cases in which they invest. The measure also makes the existence of a litigation funding contract subject to discovery in civil actions. It is set to take effect on Aug. 1. Litigation funders invest in lawsuits or other legal claims in exchange for a cut of any recoveries. The U.S. litigation funding industry has grown over the past decade, with funders that invest in commercial litigation in the U.S. market reaching a combined $15.2 billion in assets under management in 2023. Read more from Sara Merken: https://reut.rs/3XCrTmd

The rise of litigation funding is reshaping the legal landscape, as in-house counsel and law firms increasingly leverage third-party dispute financing. However, the industry has faced headwinds like rising interest rates and court backlogs. “I just think (third-party funding) makes it harder for a nuisance value or a cheap settlement, it makes it hard for the defendants,” said Casey Grabenstein, a partner with Saul Ewing LLP in Chicago who has litigated cases with third-party funding. “I mean, that’s why they hate it.” To read the full article in Legal Dive, visit: https://lnkd.in/gdquZssv #LitigationFunding #Investments

Kessler Topaz once again receives top recognition in the 2024 edition of the Legal 500 United States rankings. Kessler Topaz is ranked as a Tier 1 M&A Litigation: Plaintiff Law Firm and Tier 1 Securities Litigation: Plaintiff Law Firm - notably one of only two nationwide ranked in M&A Tier 1 and one of four nationwide ranked in Securities Tier 1. We are also proud of our attorneys who have been recognized in this year’s special edition. Partners David Kessler, Darren J. Check, Lee D. Rudy, Daniel Albert, and Naumon A. Amjed received individual recognition as the Legal 500’s Leading Lawyers. The Legal 500 analyzes the capabilities of law firms across the world, with a comprehensive research program revised and updated every year to bring the most up-to-date vision of the global legal market. The Legal 500 assesses the strengths of law firms in over 150 jurisdictions. Only a small number of firms in the US have a truly national presence coupled with the capability to handle sophisticated and complex work; these are the ones the Legal 500 choose to highlight. To view the Legal 500 rankings, click here: https://lnkd.in/e2rRcaKa

Thanks to Saul Ewing LLP and Casey Grabenstein for sharing this article from Legal Dive about the growing use of commercial litigation finance by in-house counsel and large law firms. While much of the commentary on funding may focus on regulatory developments around disclosure, this article examines the trends that are driving the industry right now: using legal finance to help turn legal departments into a profit center (or at least a revenue neutral center) and to help build out a practice or book of business in a law firm. We see more and more corporate legal departments and law firms realizing the value of litigation finance to grow their business and pursue meritorious cases.

Kemp Klein Has Been Recognized in the 2025 Edition of Best Law Firms®, Ranked by Best Lawyers in America®, Regionally in 18 Practice Areas. Firms included in the 2025 Best Lawyers in America® “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a tiered ranking signals a unique combination of quality law practice and breadth of legal expertise. Kemp Klein received the following rankings in the 2025 Best Law Firms®: Regional Tier 1 - Troy Business Organizations (including LLCs and Partnerships), Closely Held Companies and Family Businesses Law. Commercial Litigation, Corporate Law, Elder Law, Family Law, Litigation – Trusts and Estates, Real Estate Law, Tax Law, Trusts and Estates Regional Tier 2 - Troy Litigation – Construction, Litigation – Labor and Employment, Litigation and Controversy – Tax Regional Tier 3 - Troy Appellate Practice, Arbitration, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Land Use and Zoning Law, Mergers and Acquisitions Law Learn more: https://lnkd.in/e-YwTFH2 #LawFirm #Law #Awards #BestLawFirms

Why are in-house counsel and law firms are embracing litigation funders? From enhancing cash flow to expanding legal budgets, learn how third-party dispute funders are reshaping the legal landscape and unlocking new opportunities. https://lnkd.in/gdquZssv #LegalNews

"By representing plaintiffs and getting a potential reward for winning the case, Big Law firms can juice their litigation revenue. But taking risk is not Big Law's strong suit." (Bloomberg Law) https://lnkd.in/e3XVjXVb #biglaw #hourlyrates #legalrates #legalservices #legalindustry