Alternative Litigation Financing in the United States: Issues, Knowns, and Unknowns
Alternative litigation financing (ALF)–also known as “third-party” litigation financing–refers to provision of capital by parties other than plaintiffs, defendants, their lawyers, or defendants’ insurers to support litigation-related activity. This paper describes the ALF industry as of early 2010 and discusses the legal ethics, social morality, and, especially, potential economic effects of ALF.
Alternative Litigation Financing in the United States: Issues, Knowns, and Unknowns