A Rising Tide Lifting Seaworthy Boats In Litigation Finance
Litigation finance is growing rapidly and shows no sign of stopping anytime soon.
Litigation finance is growing rapidly and shows no sign of stopping anytime soon.
Why is the litigation finance field so small?
What might have motivated this major deal in the litigation financing space?
They're all in their thirties, and they'll split an eight-figure payout.
* Cops arrest a stormtrooper in Massachusetts. See, J.J. Abrams! This is what happens when you have a black stormtrooper. [Lowering the Bar]
* Litigation finance crosses a new threshold: Gerchen Keller announces that it now has $1.4 billion in assets. [Am Law Daily]
* Understanding how humans cocoon makes you a better lawyer. But cocoons apparently can't cure Wilford Brimley's "dia-beet-us." [Katz Justice]
* Deep look at Rob Billot whose career as a corporate lawyer took a wild turn when he decided to take on DuPont for the last 16 years. [New York Times Magazine]
* The law of using submarines to spy. That damn caterpillar drive again. [Lawfare]
* Are you going to San Diego ComicCon? Are you willing to cosplay to participate in a mock trial? These folks want to talk with you. [The Legal Geeks]
* Americans lost their minds -- one way or the other -- over President Obama's tears yesterday, but they're a well-established part of advocacy to be handled lightly. Or you could just bawl over everything and see if that works. [Law and More]
* Let's check in at the AALS Conference. Yep, everything seems perfectly normal over there...
That's the CALI.org booth if you're visiting the show (photo grabbed off Twitter).
Findings from the first-ever survey of client experiences with litigation finance firms.
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* Katy Perry’s lawyers from Greenberg Traurig lob another volley at the sculptor of Left Shark. Amazingly, they’re trying to use his sculpture in their trademark application. Can’t make this up. [Political Sculptor] * Former ATL Lawyer of the Year, Paul Weiss’s Roberta Kaplan, has an interesting new project. She’s asking Americans to co-sign an […]
* 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]
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....