The U.S. legal services market has within the past five years warmed up to the idea of litigation finance, a practice first adopted in Australia and then the U.K. A well-known British-based broker of litigation funding, TheJudge Group Holdings Ltd., will announce Wednesday it is launching in the U.S. with hopes to grow domestic awareness of another across-the-pond legal financial product: Litigation insurance for plaintiffs.
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Jason Hartman talks with Justin Leto, co-founder of Level Insurance, about how his company is helping the legal profession by offering litigation insurance. This gives lawyers protection from lost expenses when working contingency cases.
READ MOREThe U.S. legal services market has within the past five years warmed up to the idea of litigation finance, a practice first adopted in Australia and then the U.K. A well-known British-based broker of litigation funding, TheJudge Group Holdings Ltd., will announce Wednesday it is launching in the U.S. with hopes to grow domestic awareness of another across-the-pond legal financial product: Litigation insurance for plaintiffs.
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The U.S. legal services market has within the past five years warmed up to the idea of litigation finance, a practice first adopted in Australia and then the U.K. A well-known British-based broker of litigation funding, TheJudge Group Holdings Ltd., will announce Wednesday it is launching in the U.S. with hopes to grow domestic awareness of another across-the-pond legal financial product: Litigation insurance for plaintiffs.
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Plaintiffs lawyers know the rule: If they lose their lawsuits, they and their clients pay the expenses, while defendants often have insurance to defray legal costs. But what if there were a way to mitigate the financial risk plaintiffs assume in bringing a case to trial?
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There is some bad news for people who fret our society is excessively litigious. A startup in the normally stuffy insurance industry has just made bringing a lawsuit less risky.
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Justin Leto and Larry Bassuk were two trial attorneys in Miami when, from experience, they saw a need for a service: litigation insurance. It’s now available in New Jersey, through their company Level Insurance.
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Two Miami-based litigators once asked themselves why there was no insurance coverage for attorneys to cover the costs of pursuing a case.
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When Justin Leto was a young plaintiffs attorney, another lawyer in his building asked how he dealt with the financial risk of pursuing litigation. Could his firm somehow insure legal costs in case the jury returned a defense verdict?
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When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on contingency, meaning the client paid nothing and he took all the risk.
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A new insurance product created by two Florida attorneys could help lawyers working on a contingency fee basis manage risk by allowing them to recoup costs if they lose in court.
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We’ve all heard of car insurance, but what about case insurance? Well, that’s the basic service being offered by two personal injury lawyers out in Florida who launched their company Level Insurance last month.
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Garden variety litigation financing has been around quite a while in the personal injury arena. Parties (typically plaintiffs) are given up-front cash in exchange for a portion of their payout from a case when they win. Of late, it has expanded to other lines of practice and warrants keeping an eye on it if you practice in family law or business litigation.
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By Daniel Fisher You buy insurance to cover you in case your car crashes. Now lawyers can buy insurance in case their case crashes. It’s another take on a movement that has some academic street cred: Financing plaintiffs so they can persist longer in litigation against corporations and insurance companies that normally have cash and […]
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Lawsuit Cost Financing is issued by Idea Financial, doing business as LevelEsq. Litigation Cost Protection is issued by Level Insurance Services, LLC, a subsidiary of Idea Financial. All products are subject to Idea Financial's final approval. Idea Financial, LevelEsq, Litigation Cost Protection, and Lawsuit Cost Financing are registered trademarks of Idea 247, Inc.
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