In Episode 24 we talk litigation finance with Justin Barker, an investment manager and the head of the Chicago office for litigation funding firm Validity Finance, and Bartlit Beck litigator Steven Nachtwey.
This is the first in a series of podcasts released in conjunction with the Legal Marketing Association’s excellent P3 conference. Justin and Steven spoke about litigation finance at this year’s P3 conference and our talk delves a little deeper into some of the topics they discussed at P3.
You can listen to their entire presentation, Demystifying Legal Finance: A Practical Guide to How Funding Works for Law Firms and Clients on the LMA website.
Expanding on their panel discussion, Justin and Steve discuss the process of securing litigation funding, deal structure and explain that a good litigation finance relationship is built on trust.
We close out the interview discussing the non-monetary benefits of litigation funding (another “set of eyes” to analyze the strengths and weaknesses of a claim and the ability to see a claim all the way through to the end). The guys also dispel some myths about litigation finance (such as that it encourages litigation of bad claims).
Legal Tech Founder Segment: Brian Powers of PactSafe
Things we talk about in this episode:
PactSafe’s Litigation Trends Analysis Whitepaper
Editing and Production: Grant Blackstock
Theme Music: Home Base (Instrumental Version) by TA2MI