By Ralph Sutton (July 17, 2018, 5:55 PM EDT) -- In 2006, I decided to take a leave of absence from my partnership at a boutique law firm to start the first commercial litigation funding group in the U.S. at Credit Suisse. We thought a powerhouse Wall Street investment bank could bring instant credibility to the emerging field of dispute finance. We were intrepid, naïve and impatient. A few years later, the financial crisis made a global bank the wrong place for a litigation funder to call home.
Flash forward to 2018. Wall Street seems to have suddenly discovered that a new "asset class" — commercial lawsuits — can be monetized...
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