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Litigation Finance

Post by Anonymous User » Mon Dec 20, 2021 7:53 pm

A former co-worker has reached out to me about joining his lit finance firm. I never really considered it, but maybe I should. Has anyone exited BigLaw commercial lit to join a lit finance firm? What's it like?

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Re: Litigation Finance

Post by Anonymous User » Wed Dec 22, 2021 10:47 am

Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.

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Re: Litigation Finance

Post by Anonymous User » Fri Dec 24, 2021 2:23 am

Anonymous User wrote:
Wed Dec 22, 2021 10:47 am
Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.

Can you give more details about different firms?

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Re: Litigation Finance

Post by Anonymous User » Fri Dec 24, 2021 8:44 am

Anonymous User wrote:
Fri Dec 24, 2021 2:23 am
Anonymous User wrote:
Wed Dec 22, 2021 10:47 am
Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.

Can you give more details about different firms?
If you have any specific questions I'm happy to answer them but I'm not gonna write an open ended dissertation.

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Re: Litigation Finance

Post by Anonymous User » Fri Dec 24, 2021 12:50 pm

Anonymous User wrote:
Fri Dec 24, 2021 8:44 am
Anonymous User wrote:
Fri Dec 24, 2021 2:23 am
Anonymous User wrote:
Wed Dec 22, 2021 10:47 am
Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.

Can you give more details about different firms?
If you have any specific questions I'm happy to answer them but I'm not gonna write an open ended dissertation.
Any info on parabellum cap

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Anonymous User
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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 1:56 pm

Anonymous User wrote:
Fri Dec 24, 2021 12:50 pm
Anonymous User wrote:
Fri Dec 24, 2021 8:44 am
Anonymous User wrote:
Fri Dec 24, 2021 2:23 am
Anonymous User wrote:
Wed Dec 22, 2021 10:47 am
Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.

Can you give more details about different firms?
If you have any specific questions I'm happy to answer them but I'm not gonna write an open ended dissertation.
Any info on parabellum cap
Definitely one of the bigger/more reputable shops. Don't know too much about the specific inner workings.

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Re: Litigation Finance

Post by cfcm » Sun Dec 26, 2021 2:23 pm

Anonymous User wrote:
Wed Dec 22, 2021 10:47 am
Yes. It's a pretty incredible life compared to biglaw litigation. Comp is good (though obviously not as good as biglaw) and the work/life balance improvement is immeasurable. I'd be careful to go to a reputable funder though -- the smaller shops can go under pretty quickly given the binary nature of lit funding investments.
On a basic level, what does this sort of work involve? Is it a legal role or something more on the business side, in the sense of evaluating the potential merits of cases?

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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 2:29 pm

What kind of background do you need (strictly lit only? How many years biglaw?)

And what kind of role do you get (salaries, hours, etc)

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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 4:25 pm

There are different roles within and among litigation finance shops. There are the people who do more of the pure legal analysis work and there are people who do more pure sales work, and there are people who do a mix of both. Generally, though, the role involves 1. marketing your services to law firms and potential clients, 2. assessing potential investments, and 3. following investments after they're made. Different shops run differently -- some have people who do all three roles, some have different people for each role, some are a mix.

Backgrounds are for the most part strictly litigation, and there's no real reason to hire anyone less experienced than 5th year or so.

Like anything else, comp and hours vary with seniority and role. I have a hybrid sales/legal role and I'm fairly senior and I only took a slight paycut from my biglaw comp. I am, however, pretty bored. It's much lower key than law firm work.

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Anonymous User
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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 5:54 pm

Are there specific practice experience(s) lit finance firms value most highly? Is hiring just based on interviews and the usual lit observables (caliber of firm, clerkships, etc.), or are there other important factors?

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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 6:29 pm

Any info about Legalist?

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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 6:34 pm

Anonymous User wrote:
Sun Dec 26, 2021 6:29 pm
Any info about Legalist?
Doesn't have enough assets or experience to keep up with the bigger players. Good at marketing though.

Anonymous User
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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 7:07 pm

how appealing are patent litigators for these roles?

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Anonymous User
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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 7:17 pm

Anonymous User wrote:
Sun Dec 26, 2021 7:07 pm
how appealing are patent litigators for these roles?
Only a few shops actually do IP work, so those that do get all of it, and there's lots. Look at the bigger ones.

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Re: Litigation Finance

Post by Anonymous User » Sun Dec 26, 2021 10:37 pm

Anonymous User wrote:
Sun Dec 26, 2021 6:34 pm
Anonymous User wrote:
Sun Dec 26, 2021 6:29 pm
Any info about Legalist?
Doesn't have enough assets or experience to keep up with the bigger players. Good at marketing though.
Who would you say are the big players in the space?

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Litigation Finance

Post by Anonymous User » Mon Dec 27, 2021 8:40 am

Anonymous User wrote:
Sun Dec 26, 2021 10:37 pm
Anonymous User wrote:
Sun Dec 26, 2021 6:34 pm
Anonymous User wrote:
Sun Dec 26, 2021 6:29 pm
Any info about Legalist?
Doesn't have enough assets or experience to keep up with the bigger players. Good at marketing though.
Who would you say are the big players in the space?
https://chambers.com/legal-rankings/lit ... 16:12788:1

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Litigation Finance

Post by Anonymous User » Tue Jan 25, 2022 2:09 pm

Do any recruiters focus on litigation finance positions? If you contact one of the typical big commercial lit recruiters, will they know or have contacts in lit finance at all?

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