US Vs. The Rest: Litigation Funding's Local Characteristics
Law360, New York (November 10, 2016, 4:54 PM EST) -- Noah Wortman
Jeremy Marshall The U.S. is a particularly class action-friendly jurisdiction in comparison with other advanced legal regimes globally due to a number of distinct characteristics. First, group actions can be very profitable in the U.S.: it is not unusual for lawyers to act on a contingency fee basis on behalf of the lead plaintiff and the class. Upon a successful resolution to the litigation, lawyers may then apply to the court for attorneys' fees and reimbursement of expenses. This is not the case in most other jurisdictions; contingency fee litigation is almost regarded with suspicion outside the U.S. as...
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