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The Future of Litigation Finance for Plaintiff’s Attorneys

Sterno

As an attorney, you invest in your case to ensure the best outcome for your clients. The problem worsens because many plaintiff’s attorneys offer their services on a contingency basis. Plaintiff’s attorneys do mental gymnastics every day. In recent years third-party litigation finance has become more common. The result?

Finance 130
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Law Practice Today Review: Finance

LawTechnologyToday

August’s edition focused on finance, with technology topics ranging from processing payments to virtual depositions. Here are some highlights from the issue: “ Litigators Say Virtual Depositions Are Here to Stay ” by Judith Kunreuther. Most lawyers agree that remote depositions are here to stay.

Finance 92
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New York attorney general sues crypto trading CEO on fraud charges

JURIST

New York Attorney General Letitia James Thursday sued ex-CEO and cofounder of crypto trading platform Celsius Alex Mashinsky for defrauding customers. Mashinsky allegedly attracted investments by advertising deposit returns of up to 17 percent. According to the lawsuit, this figure was one of the highest rates that the market provided.

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Steno Raises $15M Series B As It Aims To Revolutionize Depositions and Litigation Support Services

LawSites

Financing Deposition Costs As I wrote about Steno in 2020 , Los Angeles lawyer Dylan Ruga , a former Steptoe & Johnson partner who founded his own plaintiffs’ litigation firm in 2016, first conceived of the company as a vehicle for financing deposition costs. ” . ” .

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German prosecutors decline to investigate chancellor in tax scandal

JURIST

In an exclusive report to German newspaper Der Tagesspiegel, prosecutors from the Attorney General’s office said they found no evidence that Scholz aided or abetted anyone involved in Germany’s cum-ex scandal. German prosecutors Tuesday declined to investigate German Chancellor Olaf Scholz for his involvement in a tax scandal.

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IOLTA 101: Tips for Solo and Small Firm Lawyers

Attorney at Work

Unlike traditional attorney trust accounts, IOLTA programs , available in all 50 states, the District of Columbia and Puerto Rico, allow lawyers to hold client retainers, settlements and other money in interest-bearing accounts. Deposit incoming checks immediately. Spending time on bookkeeping means less time for helping clients.

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As Prisoner Accounts Swell, Critics Fear More Murder-for-Hire Plots

The Crime Report

Government-run deposit accounts for federal prisoners grew by over $50 million this year, concerning critics who say negligence by the Federal Bureau of Prisons (BOP) enables incarcerated people to use this money to finance other crimes, the Washington Post reports. Gilbert — who allegedly discussed killing the assistant U.S.