| Description |
1 online resource (xv, 50 pages) : illustrations. |
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data file rda |
| Series |
Occasional paper ; OP-306-LFCMP |
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Occasional paper (Rand Corporation) ; OP-306.
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| Bibliography |
Includes bibliographical references (pages 47-50). |
| Contents |
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. |
| Funding |
"This [paper's] ... financial support was provided by Juridica Investments Limited, a supplier of one type of alternative litigation financing discussed and analyzed her. Additional financial support was provided by the Kauffman-RAND Institute for Entrepreneurship Public Policy."--Title page verso. |
| Summary |
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. |
| Note |
Print version record. |
| Subject |
Costs (Law) -- United States.
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Practice of law -- Economic aspects -- United States.
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Lawyers -- Fees -- United States.
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Law and economics.
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POLITICAL SCIENCE -- Government -- Judicial Branch.
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LAW -- Legal Services.
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LAW -- Civil Procedure.
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LAW -- Civil Law.
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Costs (Law) (OCoLC)fst00880739
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Law and economics. (OCoLC)fst00993900
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Lawyers -- Fees.
(OCoLC)fst00994373
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Practice of law -- Economic aspects.
(OCoLC)fst01074541
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United States. (OCoLC)fst01204155
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| Other Form: |
Print version: Garber, Steven, 1950- Alternative litigation financing in the United States. Santa Monica, Calif. : RAND, 2010 9780833049902 (DLC) 2010017529 (OCoLC)609305263 |
| ISBN |
9780833050724 (electronic bk.) |
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0833050729 (electronic bk.) |
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