Litigation Funding Underwriting: How Good Is Your Patent Case? (RECORDING)
The hardship imposed on the economy by the coronavirus pandemic is ricocheting through the legal industry. Cuts in salaries and partner payouts, furloughs, and layoffs have become commonplace among law firms in recent months.
Litigation financers are ready to step into the breach with investments to pay attorney fees and expenses related to patent enforcement in return for hefty returns if the litigation successfully results in damages. Due to an inflow of new capital, about 40 commercial litigation funders are now active in the U.S. market, with combined assets under management estimated at $9.5 billion. Those funders also work directly with corporate or university patent owners to pay legal fees.
The webinar will give attendees sophisticated insight into how funders decide in which cases they will invest and what determines the pricing; how the calculus has changed since the advent of IPRs; surprises patent owners and law firms may encounter in their search for funds; and what work a law firm needs to accomplish on a case before seeking funding. Panelists include a lawyer/executive with responsibility for assessing and underwriting legal risk in the IP space at a large litigation finance firm; the CEO of a brokerage firm dedicated to helping law firms and patent owners find litigation financing; and the founder of an IP litigation firm that has done deals with funders.
is managing partner of Westfleet Advisors, a leading litigation finance advisor and broker. For fifteen years prior to founding Westfleet, he was a capital provider in the litigation finance industry and has personally overseen the origination, investment diligence, and structuring of financing transactions in over a thousand complex litigation matters.
is an IP principal at Burford Capital, a large litigation funder. Eric assesses and underwrites legal risk in the IP space. He works with law firms and IP holders to assess legal claims and leverage litigation finance. Prior to joining Burford, Eric worked as an IP attorney in private practice.
Lee Sheikh Megley & Hahn
is a founder of the IP litigation boutique Lee Sheikh Megley & Hahn. He has served as winning trial counsel in high-stakes patent cases and has also advised companies in industry-wide licensing campaigns.