The American Lawyer Notes ILR’s Warnings on Litigation Financing

In a story about the growth in the litigation funding industry, The American Lawyer notes ILR’s warnings about the industry, writing that “all the cash flowing into litigation will increase costs for American companies, by triggering an onslaught of frivolous filings, prolonging litigation and raising settlement costs to meet demands of third-party investors.”

“Let’s not fool ourselves,” says Lisa Rickard, president of the U.S. Chamber’s Institute for Legal Reform. “You pour more money in, you’re going to get more lawsuits. If that doesn’t scare American companies, I don’t know what else would.”

Read the full story here.