Pennsylvania Business litigation attorney Karl Heideck recently reported that litigation financing – also referred to as lawsuit funding or third-party financing – is firmly taking root as an option for businesses to restore some stability and predictability to their litigation activities. He points out that the changing financing terrain may make it difficult for companies to keep up with options, which are likely to explode in the coming year.
Lawsuit funding is nothing new. It has offered individuals as plaintiffs the resources to pursue claims against bigger parties with the backing of financiers. But as Karl Heideck points out, what has changed is that corporate businesses are also beginning to take advantage of the funding options. The shift has been brought on by several factors including financier focus on the benefits to companies facing litigation – namely the ability of the client to retain authority to direct the case and the ability to protect corporate capital amid the uncertainty of litigation.
About Karl Heideck
Karl Heideck is an attorney in the Greater Philadelphia area specializing in litigation, risk management review, and compliance. He also has professional experience in employment law, mediation, and intellectual property law.
Karl Heideck is a 2009 graduate of Temple University Beasley School of Law, where he finished with honors. He has an undergraduate degree in English and Literature from Swarthmore College and he puts his degree to use as a legal researcher and writer. Karl Heideck can also be found blogging about legal topics on his website.
Find more about Karl Heideck: https://karlheideck.wordpress.com/