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Analysis

3rd-Party Funding Now A Top Alternative Choice For Lawyers

Law360 (May 16, 2019, 7:24 PM EDT) -- Third-party litigation and arbitration funding has increasingly become an attractive destination for lawyers who’ve grown weary of the billable hour because it allows them to draw on their experience while challenging them to ensure a funded claim will be a good investment, said several people who have made the move.

It wasn't so long ago that the only lawyers looking to join funders were those in the twilight of their careers, seeking one last adventure, or junior lawyers facing a long slog of dutifully logging in hour upon hour of billable work before they could even think about making the partnership.

That's all changed...

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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