The Archives

Everything written by Richard W. Painter on law, economics, and more

Richard Painter on Litigation Financing and Insurance

Fifteen years ago I published an article urging that non-lawyers be allowed to finance the cost of legal representation in return for a percentage of a judgment or settlement if the plaintiff is successful.    Common law prohibitions on champerty were widely believed at the time to prohibit third parties from buying an interest in litigation.  ... Richard Painter on Litigation Financing and Insurance