what are the ethical implications as i don't believe we're allowed to have ventures with non-lawyers?
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The deals are structured as loans & the funders claim the alignment of interest avoids prohibited fee splitting.
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Actually, scratch that, they are NOT really loans.
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But control? A funder mt want to contract to control case or mt face own polit. pressure & cut resources. Ethics rules sufficient?
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A big issue. Funders denied that they control or even influence the litigation, but some in audience seemed skeptical.
#ACCAM16
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Well rich families have "funded" litigation for members forever haven't they? But could funder name be discoverable & admissible?
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Yup, disclosure was discussed - generally courts have not required (or permitted) it, but that might change (proposed rules).
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what type of cases is litigation funding best suited for?
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The funders say pretty much any type of commercial litigation that has merit (potential payoff to the funder).
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