Cos. Are Ignoring Claims — Legal Finance Could Change That

Law360 (June 27, 2019, 5:30 PM EDT) -- Chief financial officers say legal finance provides a solution for shrinking your company's legal spending while also empowering them to pursue valuable claims that would otherwise be left on the table, according to a survey released Thursday by a litigation funder.

The report from Burford Capital found that a 63% majority of polled finance professionals said their companies have opted to abandon claims valued in the millions rather than pay the legal expenses to pursue them. This was especially true at large companies with $10 billion or more in annual revenue, where 73.3% of respondents said they chose to abandon the claims....

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