Emily Madoff, a member of Wolf Popper, writes about the gaining traction of Third-Party Litigation Funding (TPLF). Such funding is repaid by a litigant borrower only in the event there is a favorable resolution upon completion of the litigation. While allowing plaintiffs access to justice and affording defendants an opportunity to hedge defense costs, a specter of legal and ethical issues is raised by TPLF.
Analyzing the Fundamentals of Litigation Funding
New York Law Journal
August 19, 2013