About the RAND Law, Finance, and Capital Markets Program

The RAND Institute for Civil Justice has launched a research initiative to analyze an emerging development in civil dispute resolution in the United States, namely, the provision of capital and capital market products for legal claim holders, those defending against claims, and their respective lawyers. Research conducted within the Program will explore issues such as the following:

• The convergence of law, finance, and capital markets in the United States, including phenomena such as outside capital invested in law firms and third party litigation funding;
• Effects of outside capital on the American legal system and on the efficiency, fairness and transparency of the civil justice system in the U.S., and how these effects differ across segments of the litigation-financing industry; and
• Advantages and disadvantages of potential public-policy responses as applied to different industry segments.