Did The ABA's Litigation Funding Guidance Miss The Mark?

Law360 (August 18, 2020, 8:09 PM EDT) -- The American Bar Association's new best practices for third-party litigation finance missed the mark after its creators failed to adequately consult with players within the funding industry, critics allege, but those in charge of the process are standing by their work. 

After the ABA's House of Delegates voted to approve the best practices Aug. 3 in a 366-10 vote, a number of professionals associated with commercial litigation funding responded, saying the best practices fail to assess ethical considerations related to the industry in a clear and easy-to-understand manner that would benefit attorneys who come into contact with litigation funding in their professional...

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