In the News Today - August 13, 2018

August 13, 2018

Litigation Funders Rail Against NYC Bar’s TPLF Warning: The New York City Bar Association recently issued a warning to attorneys over third party litigation funders’ potential influence over litigation. Major litigation funders have started to fight back on whether the practice of investing in lawsuits raises questions of a lawyer’s independence from the funder during a case. (Law360)

A Culture of “Lawyer-Powered Litigation”: A Warning to Florida’s Small Business Owners: The managing editor of an investing publication said small business owners should learn “how to lawyer-proof your life,” especially if you come from Florida. She cited the U.S. Chamber Institute for Legal Reform’s 2017 Lawsuit Climate Survey when discussing the state’s culture of “lawyer-powered litigation” that “rais[es] expenses for business and customers.” (Banyan Hill)