The litigation funding landscape has transformed dramatically over the past decade, becoming an integral part of the modern legal industry. Certum Group Director William Marra was recently interviewed in a CDR article discussing the current and future state of the litigation funding market.
“Ten years ago, and maybe even five years ago, a lot of lawyers had maybe heard of litigation funding, but they didn’t necessarily know what it was,” Marra told CDR. “Today litigation funding is integral to the business models of many and maybe even most law firms.”
Marra also weighed in on the regulatory landscape and recent efforts to require disclosure of litigation funding. “Judges have actually been addressing that question for many years,” Marra said, “and a very strong trend among the decisions is that these materials should not be disclosed to the defendant, either because the material is not relevant to the case, or it’s a protected work product or attorney-client privilege material.”
The full article is available here.