Litigation-finance firms, which invest money in corporate legal disputes, are raising hundreds of millions of dollars and staffing up to put that money to work.
The funders are attracting lawyers from elite law firms including Arnold & Porter Kaye Scholer LLP, Latham & Watkins LLP, Proskauer Rose LLP and Wachtell, Lipton, Rosen & Katz. The roles are seen as more entrepreneurial than those at rigid, bill-by-the-hour firms.
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