Legis Purple Paper Series – Topic 1
Best Practices in Litigation Finance Transactions
The American Bar Association has studied the ethics implications and made its views clear. Its report on the subject makes suggestions that are actually quite simple: hire an independent expert to take over the role of sourcing, placing, structuring and/or documenting the ALF investment.
Drawing heavily from the ABA Report, Legis has developed a set of Best Practices for Law Firms Seeking ALF–-practical guidelines for firms facing ALF needs or opportunities. The Best Practices are supported by a Legis Purple Paper, the first in a series, entitled Treasure Chest or Pandora’s Box: Best Practices for Law Firms Seeking ALF.