Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon.
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Tuesday, December 12, 2017 Follow Law360

IN-DEPTH

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Feature

Has Litigation Finance Shed Its Stigma?

Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon. Read more »

Feature

What Your Colleagues Think Of Litigation Finance

We asked, and you answered. Here are the results of Law360’s inaugural survey on third-party legal funding. Read more »

News Analysis

Why Investors Are Taking The Leap To 3rd-Party Funding

They often don’t know exactly what they’re buying, and there’s an ever-present chance they could come up empty in a given case. Here’s why investors are flocking to litigation finance anyway. Read more »

TOP NEWS

House Passes DHS Cybersecurity Overhaul

The House of Representatives passed a bill Monday meant to centralize authority and responsibility for cybersecurity at the U.S. Department of Homeland Security, with backers claiming the legislation would allow for clear decision-making at the agency. Read more »

DOJ Won't Prosecute Software Co. Over Work In Russia

Telecommunications software company Netcracker has reached a nonprosecution deal with the U.S. Department of Justice, agreeing to implement enhanced security measures to resolve a criminal investigation alleging that its contracted work had resulted in security “degradation” at the Defense Information Systems Agency, the DOJ announced on Monday. Read more »

Boston City Officials Secure Delay Of Extortion Trial

Two city of Boston officials will stand trial on extortion charges in the spring instead of directly after the holidays, because prosecutors altered their case and a recent appellate ruling raised additional discovery questions, a Massachusetts federal judge said Monday. Read more »

LITIGATION

21st Century To Pay $28M Over Gov't FCA Claims, Data Breach

21st Century Oncology on Monday got a New York bankruptcy court’s approval for two settlements totaling $28 million over U.S. government claims of Medicare overcharges and patient privacy breaches. Read more »

UnitedHealth Wants Out Of Medicare FCA Suit

UnitedHealth Group Inc. on Friday urged a California federal court to scrap a False Claims Act suit claiming the insurer overcharged Medicare by submitting information that made patients seem sicker than they were, arguing the federal government knew about submission errors but didn’t consider them important. Read more »

DEALS & CONTRACTS

Orbital Nabs $34M Air Force Satellite Launch Contract

Orbital ATK has been awarded a $34 million contract from the U.S. Air Force’s Space and Missile Systems Center to build a platform that can carry technology or small satellites into space, the company announced Monday. Read more »

EXPERT ANALYSIS

Series

40 Years Of FCPA: A View From The Monitorship Trenches

There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP. Read more »

6 Things You Need To Know About Millennial Jurors

Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC. Read more »

LEGAL INDUSTRY

Another Boutique Tops Cravath Scale For Associate Bonuses

Two more firms announced in recent days that many of their associates would receive year-end bonuses that either matched or exceeded the market scale established by Cravath Swaine & Moore LLP, which has remained the standard among many BigLaw firms. Read more »

LA Boutique Says Ex-Gibson Dunn Atty Owes $140K In Fees

A former Gibson Dunn & Crutcher LLP partner skipped out on $140,000 in legal fees owed to Los Angeles-based boutique Brown Neri Smith & Khan LLP for an elderly abuse case, according to a state court suit filed Friday that said the former partner had even praised the boutique’s work with some freshly baked bread. Read more »

Pierce Sergenian Shakeout Produces A Split-Off Boutique

Less than a year into its existence, Los Angeles litigation boutique Pierce Sergenian LLP has been renamed Pierce Burns LLP after two members split to form their own boutique as a result of a clash between the original name partners over their long-term visions, Law360 has learned. Read more »

Senate Sets Up Vote For 'Not Qualified' Trump Judge Pick

The Senate on Monday advanced the nomination of Husch Blackwell LLP senior counsel L. Steven Grasz to an Eighth Circuit vacancy, despite Democrats' protests citing his "not qualified" rating from the American Bar Association. Read more »

Fla. Justices To Hear Row Over Judge's Facebook Friends

The Florida Supreme Court said Monday it will consider whether a judge should be disqualified from presiding over a case for being Facebook friends with opposing counsel, setting the stage for the court to refine the Sunshine State’s laws on judges' social media use. Read more »

Prosecutor Nominees Need To Be More Diverse, ABA Warns

The American Bar Association has urged the U.S. Department of Justice to place an emphasis on diversity when seeking recommendations for nominees to serve as U.S. attorneys, warning that a lack of diversity in the legal profession could erode public confidence in the justice system. Read more »

Analysis

15 Minutes With Pindrop's General Counsel

Clarissa Cerda, GC of voice technology security company Pindrop, shared with Law360 what she's most excited for in 2018 and her thoughts on alternative billing arrangements. Read more »

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