Litigation finance is booming. And as lawyers well know, with great expansion comes great… regulation. One reason for all the regulatory activity: litigation finance is becoming more and more widely permitted. There was little need for regulation in the past, when the practice was flat-out banned in many jurisdictions by laws against champerty and maintenance. Whether litigation financiers like it or not, more regulation is coming their way. So funders should proactively propose some reasonable regulations, instead of waiting for unreasonable ones to be forced upon them. Read More
