Illinois allows litigation funding in pre-trial ruling

Decision could allow more widespread use of litigation funding practices

For decades the ability to invest in litigation was taboo in the United States, with laws and rules in place to discourage outside parties from backing parties in legal contention. But those rules are starting to thaw, and in multiple states the ability for a private company to offer money in return for a cut of courtrooms earnings is alive and well.

On Jan. 10, Illinois joined Texas, South Carolina, Massachusetts and Florida in a growing group of states that allow plaintiffs and defendants to accept outside money for legal activity.

Executive Editor

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Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

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