Alternative Litigation Financing in the United States
ebook ∣ Issues, Knowns, and Unknowns
By Benjamin S. Lambeth
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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.
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