McDonald Hopkins' Marc Carmel will be a guest lecturer at the University of Pennsylvania law school.
This seminar will take a hands-on, topical approach to litigation finance that will explore the history, economics, business practice, law, and social implications of this burgeoning field. Insurance companies have financed the defense side of litigation for 150 years, and contingency fee law firms have financed litigation through partnerships, joint ventures, and bank loans for almost as long. So litigation finance, per se, is not new. What is new, however, is investor-backed litigation finance offered on a non-recourse basis, including to Fortune 500 corporations and the AmLaw 100 and boutique law firms at which so many Penn Law grads start their careers. This kind of litigation finance is both a new asset class and a potentially transformative form of law firm and client financing.