By Ralph J. Sutton Last October, the New York City Bar established a working group to study the litigation funding industry and deliver a report by the end of this year. May 30 was an important milestone for the working group, as it was the deadline for the legal community to provide the working group... Read more...
Paid summer Equal Access Fellowship provides experience at both litigation funder Validity and public service agency of student’s choice; program underscores Validity’s commitment to giving back to legal community and providing opportunities for young lawyers NEW YORK (May 14, 2019) – Leading litigation funder Validity Finance has launched a new Equal Access Fellowship, providing a... Read more...
By Justin Barker Law firms should stop shying away from contingency fee arrangements. Justin Barker, head of Validity Finance’s Chicago office says a diverse portfolio of carefully vetted contingency cases should result in a realization rate that far exceeds the 80 to 85 percent realization rates typical of most litigation practice groups in a law... Read more...
Validity is pleased to welcome veteran Houston trial lawyer Wendie Childress, former Senior Counsel at Yetter Coleman; Validity’s professional team nationally now half women. Read more...
Lawdragon legal magazine has published its annual listing of the 100 “Leading Legal Consultants and Strategists,” which includes Validity Finance CEO and litigation finance pioneer Ralph Sutton. Selected from a combination of editorial research by Lawdragon staff, submissions, and other online nominations, the Lawdragon 100 Leading Consultants and Strategists list is a mark of distinction... Read more...
Former commercial litigator and Supreme Court clerk William C. Marra joins in New York, as Validity also retains former federal judge John Gleeson, now with Debevoise & Plimpton LLP, to advise on investment opportunities, and welcomes former Proskauer Chair Allen Fagin to its board. NEW YORK (January 29, 2019) – Litigation funder Validity Finance has... Read more...
On Wednesday, December 5, 2018, Scott Flaherty of The American Lawyer covered the arrival of David Kerstein, a former Gibson, Dunn & Crutcher litigator who joins as chief risk officer, and Julia Gewolb, a former Boies Schiller Flexner lawyer who comes to Validity as director of underwriting. In the article welcoming the hires to Validity,... Read more...
Mr. Kerstein, former trial counsel with Gibson Dunn, becomes Validity’s Chief Risk Officer; Ms. Gewolb, previously with Boies Schiller, named Director of Underwriting; their arrival accelerates Validity expansion six months after launch; firm takes new office in New York’s Rockefeller Center NEW YORK — Litigation funder Validity Finance has added two industry veterans and experienced trial lawyers... Read more...
Andrew Mizner from CDR covers how the litigation finance industry entering a third wave focused on client-value. Heavily quoted in the article Ralph Sutton highlights that Validity’s goal “is to bring our message of the third wave of funding and its focus on client value to this industry.” He is further quoted in saying litigation... Read more...
The NYC Bar Should Recognize Litigation Funding’s Positive Effect On Our Legal System
Validity submits a letter to the NYC Working Group on Litigation Funding. We recommend the Working Group should make clear that litigation funding is fully consistent with lawyers’ duties, and indeed is an integral tool that lawyers should familiarize themselves with to best serve their clients’ legal needs.
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Another Federal Court Declines to Permit Discovery of a Litigation Financing Agreement
For complex litigation, discovery costs can run between $600,000 to nearly $2.5 million per case. In Benitez v. Lopez, the U.S. District Court for the Eastern District of New York is the most recent court to rebuff efforts to discover financing terms.
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Ralph Strikes Back at Chamber of Commerce in OpEd
Validity CEO Ralph Sutton publishes an OpEd with CFO.com questioning why the Chamber of Commerce is lobbying for measures that would increase the cost and burden of litigation.
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