When you think about the litigation finance industry, you obviously think about the Insane Clown Posse’s seminal “Miracles.” Actually, you almost certainly don’t, but let’s roll with it. Much like the magnets the group holds out as an inscrutable natural wonder to be cherished, litigation finance is increasingly a reality of the legal landscape but very few people take the time to consider how this industry really works.
Bloomberg Law put together this short video to explain this growing business. There’s enough information here to blow your brains.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.