The emergence of litigation finance has enabled CFOs to better manage and finance a once dormant asset – potential litigations.
What do the doctrines of champerty, maintenance, and barratry mean for third-party litigation financiers?
I became a lawyer without really understanding that the job cuts time off of your life. My work hours are long, I can’t see my family or friends, and I am constantly at the mercy of the partner or the client. On top of everything, at one point, I was paying 7% on my law school loans. […]
Can counsel raise the prospect of litigation finance to its client? If so, can counsel refer its client to particular litigation funders?
There are several steps which must be taken to ensure proper sharing of these items with litigation financiers.
What does the process of securing litigation finance look like?
* Using children’s books to describe the legal academy. It also works for law firms. Like The Monster at the End of This Book (affiliate link), about an associate who fears and reviles an overbearing partner and then learns (about 8 years in) that they’ve had the monster within them all along. [lawprofblawg]
* In advance of its showdown before the Supreme Court, UPS changes its policy, but denies wrongdoing. [Redline]
* I’ve never been called a Greek Chorus before. I like it. [Law and More]
* Reproductive & Sexual Health and Justice senior legal analysts Imani Gandy and Jessica Mason Pieklo discuss both voting rights and abortion access in Texas with political reporter Andrea Grimes. [RH Reality Check]
* Op-ed notes that Obamacare opponents are cherry-picking their history. Are there actually Obamacare opponents left? [Washington Post]
* A week or so ago I made a joke about OSU Coach Mike “I’m a Man! I’m 40!” Gundy. Apparently he tried to trademark it. [Campus Insiders]
* LFC360 chats with Bentham IMF’s Ralph Sutton about making Biglaw more affordable with third-party litigation funding. [LFC360]
* A list of the top 100 Wild Men and Wild Women in history. Justice Scalia, Racehorse Haynes and David Boies all make the list. I get why he went with Haynes, but when it comes to a Texas litigation “wild man,” I think Joe Jamail. [What About Clients?]
* We welcome Howard Bashman to his new homepage! [How Appealing / Above the Law]
* An ode to Brian Leiter to the tune of the Beach Boys’ “I Get Around.” [Philosophy Metablog]
* “Lawyers have a powerful voice in the American legal system, government, and news and entertainment businesses. But do they make their contributions to society while impaired?” You’re goddamned right we do! [SSRN]
* For example, a Louisville lawyer was arrested for allegedly surfing the web while driving drunk. Who says solo practitioners can’t multitask. [WDRB]
* Is litigation finance a loan or an investment? Perhaps tax law holds the answer. [LFC 360]
* Former St. Louis Mayor Freeman Bosley Jr. had his law license suspended indefinitely. Apparently his trust account was bouncing checks. This suspension has ramifications for a much bigger case — Bosley had been representing Dorian Johnson, an eyewitness to the Michael Brown killing. [Missouri Lawyers Weekly (sub. req.); St. Louis Post-Dispatch]
* Hasbro thinks that owning Scrabble means they own the English language. [Slate]
* Congratulations to legal communications specialists Infinite PR, who just merged with UK outfit Spada to expand their business across the pond. [PR Week]
The adage that law turns slowly does not hold in eDiscovery. This year saw unprecedented sanction awards for falling behind the curve. Courts did not hesitate to engage with advanced and nuanced technological issues. For lawyers and other eDiscovery professionals who plan on maintaining basic competence, these cases and trends shouldn’t be overlooked. For a full exploration of trends and developments in this area of case law, check out this on-demand webinar.
* Mexican drug cartels are moving beyond shipping cocaine and are starting to grow the stuff too. As long as they stop hijacking lime shipments and driving up margarita prices. [Vocativ]
The prosecutor who admitted Ray Rice into a pre-trial intervention program (and there are pros and cons to that decision) specifically denied the same option to a working single mother of two who didn’t realize her out of state gun permit wasn’t accepted. She was offered a 3+ year prison deal. Because, you know… prosecutors. [Huffington Post]
* If you’re planning on getting arrested in New Orleans — and who isn’t? — don’t get arrested at night. [The Times-Picayune]
* A federal judge is accused of sexual misconduct with a clerk. I had to check twice to make sure this wasn’t just a plot point in David’s upcoming book (affiliate link). [Waco Tribune-Herald]
* Defense lawyer allegedly drives drunk… to the courthouse. [Indianapolis Star]
* The complex legal tapestry of sandwiches. [The Atlantic]
* “Mathew Martoma’s Parents Raise Some Good, Less Good Points.” [Dealbreaker]
* If you were interested in the mélange of issues surrounding privilege, whistleblowing, and litigation finance, here’s a primer. [LFC360]
* Jimmy Kimmel asked some New York Fashion Week attendees about Justice Scalia. Hilarity ensues. Video embedded below… [YouTube]
* 7 tips for surviving the first week of law school. Apparently tip #7 is “proofread numbered lists better.” [Law Admissions Lowdown / U.S. News]
* Lost in the controversy over Trinity Western Law School and bigotry is the fact that it may not really be a good law school. [The Province]
* A conservative UChicago Law student explains why The Book of Mormon signals the fall of society. The essay is almost as funny as the show itself. [Red State]
* A crowdsourcing call for help in getting a “vexatious litigant” order against a particularly troublesome individual. If you’re interested in helping out, check this out. [Popehat]
* Not only is NYC routinely sued, but the city releases helpful reports containing “a bevy of settlement data.” [LFC360 / Legal Funding Central]
* Here are the five jobs that can ruin your social life. I wonder if lawyers are on here…. [Yahoo! Education]
* While we’re celebrating recently anointed Biglaw partner classes, let’s take a minute to call out the firms that haven’t bestowed the honor upon a single woman this year. Cheers, jerks. [Am Law Daily]
* The results of the NLJ’s Law Firm Billing Survey are out, and lo and behold, one of the top partners in the country is pushing $2,000 an hour for his services. Congrats, Ted! [National Law Journal (sub. req.)]
* Everyone’s buzzing about the federal law clerk who’s been accused of attempted aggravated rape and solicitation of a minor under 13. Don’t let that legendary 4.0 GPA go to waste. (More on this later.) [Times-Picayune]
* Congratulations to Gerchen Keller Capital, the litigation finance firm founded by former SCOTUS clerks and hedge-fund alumni, on raising $260 million for its new fund. [DealBook / New York Times]
* Iowa is thinking about allowing law school grads to practice immediately instead of having to take and pass a bar exam. Paired with its recent tuition cuts, the Hawkeye State is looking better and better. [Des Moines Register]
* If you’re in the unfortunate situation of still having to look for a law job once OCI has ended, then you might want to start considering applying for some of the other law jobs that don’t want you. [Mashable]
* The incarceration of a blogger known for making salacious allegations against federal judges raises First Amendment concerns. [New York Times]
* Johnny Football failed to defeat Alabama on Saturday (though he was gentlemanly enough to keep Bama from covering the spread), but now he has a tougher foe in the IRS. [TaxProf Blog]
* Don’t be that guy who takes naked pictures of your girlfriend. And definitely don’t be that guy who takes naked pictures of his 16-year-old girlfriend while married to the girl’s older sister. In other words, don’t be this lawyer. [Legal Profession Blog]
* Are you an attorney on LinkedIn? Have people been endorsing your legal skills? Congratulations, you’re probably violating an ethical obligation! [IT-Lex]
* Another round-up of people with law degrees who decided to be famous for something other than lawyering. When the list kicks off with Geraldo Rivera and Jerry Springer, you know you’re in for a classy list. [Millington Star]
* One year later, a look at how the Steubenville rape case has affected the town. [Jezebel]
* The world of litigation finance suffers some setbacks as it turns out lawsuits might be the only investment less stable than the Twitter IPO. [Wall Street Journal]
* Time for some more legally themed poetry! This time, let’s get all Edgar Allan Poe up in here. [Poetic Justice]
* Following up on our event in Toronto last week, Bruce MacEwen recapped the evening’s discussion here. [Adam Smith, Esq.]
What would lead four high-powered lawyers and hedge-fund types, including two former Kennedy clerks, to leave their current jobs? The chance to make millions….