5 Reasons Lawyers Often Fail To Secure Litigation Funding
By Charles Agee (August 13, 2021, 4:03 PM EDT) -- It's no secret that parties seeking litigation funding face steep odds in securing a deal.
How steep? According to my firm's research, more than 95% of commercial litigation funding deals presented to any particular funder never advance to closing.
Experience tells me one of the overarching reasons the litigation finance deal closure rate is so low is that lawyers and their clients drastically underestimate the challenges and nuances of obtaining this specialized form of financing.
For many, the downside of trying and failing to secure funding is simply that — not obtaining the funding. So why not approach a few funders...
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