Wis. Gov. Signs Legal Funder Transparency Rule

Law360 (April 3, 2018, 9:26 PM EDT) -- Wisconsin Gov. Scott Walker on Tuesday signed a first-of-its-kind state law requiring litigants to disclose their outside legal funding arrangements.

The new rule, part of a larger legal reform bill, makes Wisconsin the only state with a blanket court disclosure requirement for litigants backed by third-party funders.

The legislation, known as Act 235, requires parties to provide "any agreement" under which a third party has a right to compensation from the proceeds of a civil action, settlement or judgment. The bill language excludes lawyers working on contingency. The disclosure must also be made "without awaiting a discovery request."

The third-party funder...

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