How Commercial Litigation Funding Can Help Small Firms and Solo Practitioners
By David Gallagher
David Gallagher is an Investment Manager in Bentham IMF’s Los Angeles office. He was formerly a senior litigator at Akin Gump Strauss Hauer & Feld LLP. Bentham is the most experienced commercial litigation funder in the world. It provides funding to plaintiffs and lawyers for legal disputes in the United States and in international arbitration.
This article is the second of a two-part series covering the burgeoning topic of litigation funding. The first was published in the Spring 2016 issue of Big News for Solo & Small Firms. It provided a brief introduction to two forms of commercial litigation funding that can help solo practitioners and small firms. This article covers some of the ethical questions that arise in connection with litigation funding, focusing specifically on some of the California Rules of Professional Conduct that directly or indirectly implicate litigation funding.
RULE 1-320 FINANCIAL ARRANGEMENTS WITH NON-LAWYERS: "FEE-SPLITTING"