A recent EY survey of more than 1,000 global general counsel found that in-house teams are facing an impending storm of greater legal risk, larger workloads, and shrinking legal department budgets.
They are also under intense pressure from their CEOs and boards to reduce risk while still bringing down costs. In this Lexology article Omni Bridgeway highlights that litigation financing is one way to address these potential concerns. We couldn't agree more.
However, GCs, like law firms shouldn't stick to just one litigation funder. There are multiple funders out there and through finlegal.io GCs can access a range of funders easily and it will also allow in-house teams to monitor and track all their litigation balance sheets in one place.
Litigation finance can help general counsel step out of the way of this looming “freight train.” Funding can assist law departments in reducing expenses, mitigating risk, and creating new sources of capital for a company.
https://www.lexology.com/library/detail.aspx?g=45cc01ad-673e-4af2-9845-eb2002cb00a3
