Litigation finance can enable a person or entity to access the legal system when they otherwise might not be able to afford it
Cleveland-based McDonald Hopkins sees so much potential in the business of third-party financing of lawsuits that it’s building its latest practice around it.
As that sector sees explosive growth, expect other law firms to jump on the trend.
Many firms may offer to help clients connect with finance litigation shops to fund them or their cases if asked about it, so that’s not entirely novel. But McDonald appears to be one of the first in this market to advertise that work as a practice. Services could range from helping set the deal terms between an investor and client to due diligence for the investors vetting cases to bankroll.