Law, Finance, and Capital Markets Program Events

The RAND Institute for Civil Justice recently launched a research initiative to analyze and explore the convergence of law, finance, and capital markets in the United States, including phenomena such as outside capital invested in law firms, alternative fee structures, and third party litigation funding. The Program endeavors to examine the effects of alternative litigation finance on the efficiency, fairness, and transparency of the American civil justice system through policy analysis, events, and a comprehensive Web presence at http://www.rand.org/icj/programs/law-finance/.

The 2010 Conference brought together practitioners, policymakers, judges, and researchers to discuss and debate issues and trends related to alternative litigation finance in the United States. The extensive program featured presentations, panels, and speakers on practice and policy topics and offered continuing legal education.

Keynote Speaker:

Thomas L. Sager, Senior Vice President & General Counsel of DuPont Legal

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RAND Institute for Civil Justice and UCLA School of Law recently forged a new initiative through which they identify and analyze the biggest and most influential trends in civil justice. One such trend—litigation claim transfer (also referred to as third party litigation funding)—has created the environment for litigation claim transfer to be evaluated as a component of the American civil justice system. The confluence of the recent credit shortage, the enormity of the overall market for legal services, and the search for investment opportunities unrelated to general economic risk has created an environment in which litigation claim transfer could expand and thrive.

UCLA-RAND Center for Law and Public Policy brought together stakeholders to not only discuss this phenomenon, but to frame how it is debated in government, law schools and state bars across the country.

Keynote Speaker:

Lord Daniel Brennan QC

Panelists:

Lynn M. LoPucki, UCLA School of Law
Selvyn Seidel, Burford Advisors
Herbert M. Kritzer, University of Minnesota
Neil Rickman, RAND
James E. Tyrrell, Jr., Patton Boggs LLP
Timothy Scrantom, Juridica Capital Management (U.S.), Inc.
Jonathan T. Molot, Georgetown University Law Center
Stephen C. Yeazell, UCLA School of Law
Nathan M. Crystal, Charleston Law School
Kathleen Flynn Peterson, Robins, Kaplan, Miller & Ciresi L.L.P.

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Infocast’s Litigation Finance & Investment Summit will feature ICJ Overseers Richard Fields of Juridica Capital Management Ltd. and Deborah Greenspan of Dickstein Shapiro, as well as LFCMP Advisory Committee members Jonathan Molot of Burford Group and Anthony Sebok of the Benjamin N. Cardozo School of Law at Yeshiva University.

The cost of litigation and the ways in which it can be best funded are priorities for Justice Ministries internationally. In the UK, the recent report by Jackson LJ contains recommendations that are likely to have a major effect not just in the UK but internationally. The purpose of this conference is to address key policy issues with speakers from government, academia, legal practice, consumers and industry to help develop understanding of the issues, the current status of the options, and a consensus on the way forward.

Read More at csls.ox.ac.uk

LFCMP Advisory Committee members Timothy Scrantom and Anthony Sebok will be featured panelists for the session, "Capitalizing Law Firms," on Tuesday, March 23.

Read More at law.georgetown.edu

This event, taking place in Hertfordshire, England, will focus on possible rules, regulations, and codes relating to third party financing of litigation.

Read More at law.anu.edu.au

The Summit covered third party financing of litigation and its consequences.

Read More at LegalReformSummit.com

The Meeting featured LFCMP Advisory Committee member, Timothy Scrantom, on the panel, "Third Party Funding in International Litigation and Arbitration: Opportunities and Challenges," on Friday, October 30th.

Read More at ABAnet.org