Whereas the enterprise group has been slower to embrace litigation financing than many within the trade have anticipated, Thursday’s announcement of a strategic partnership between Longford Capital and Quinn Emanuel Urquhart & Sullivan that advances at the very least $40 million to cowl authorized bills for the latter’s non-public fairness shoppers reveals that sure corporations are keen to be proactive in pushing better acceptance of the software.
It’s not simple to persuade the C-suite to think about litigation as an asset as opposed to a price heart. However with current examples of Massive Legislation corporations receiving nine-figure payouts from plaintiff-side instances, it’s no marvel corporations are on the lookout for alternatives to share the chance of pursuing high-value claims for company shoppers.
