Garber, Steven, 1950-

Alternative litigation financing in the United States : issues, knowns, and unknowns / Steven Garber. - Santa Monica, Calif. : RAND, 2010. - 1 online resource (xv, 50 pages) : illustrations. - Occasional paper ; OP-306-LFCMP . - Occasional paper (Rand Corporation) ; OP-306. .

Includes bibliographical references (pages 47-50).

Introduction -- Overview of this paper -- A snapshot of the U.S. ALF industry, as of early 2010 -- Different meanings of ethics and implications for ALF activity -- Microeconomic perspectives on the current and near-term effects of ALF on litigation -- Policy assessment and the effects of ALF over time -- Concluding comments.

Alternative litigation financing (ALF) -- also known as "third-party" litigation financing -- refers to provision of capital by parties other than plaintiffs, defendants, their lawyers, or defendants' insurers to support litigation-related activity. This paper provides an overview of policy issues related to the legal ethics, social morality, and, especially, potential economic effects of ALF. It provides a snapshot of the only three segments of the ALF industry that appear to be fairly active as of early 2010, all of which provide support to plaintiffs or their lawyers. It offers lessons for policymakers, emphasizing distinctions that are often underappreciated in discussions of ALF. The paper concludes by suggesting that, for the next five to ten years, policymakers might best limit themselves to interventions that do not fundamentally interfere with the potential for increased competition to solve what appear to be important information problems that may limit the contributions of ALF to national economic performance.

0833050729 9780833050724

22573/cttg19v JSTOR 4A25B4A2-4073-4236-9A7B-A8BB6CBFA58A OverDrive, Inc. http://www.overdrive.com

2010017529


Costs (Law)--United States.
Law and economics.
Lawyers--Fees--United States.
Practice of law--Economic aspects--United States.
Costs (Law)
Law - U.S. - General.
Law - U.S.
Law and economics.
LAW--Civil Law.
LAW--Civil Procedure.
LAW--Legal Services.
Law, Politics & Government.
Lawyers--Fees.
POLITICAL SCIENCE--Government--Judicial Branch.
Practice of law--Economic aspects.


United States.


Electronic book.
Electronic books.

KF8995 / .G37 2010eb

347.73/77

OP-306