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Publication: Bloomberg Big Law

Firms offer litigation insurance so clients can hedge bets in court

Gabe Friedman comments on TheJudge’s US launch and development of litigation insurance products in the US market in Bloomberg Big Law Business

 

“Stephen Rathkopf was entering the twilight of his career as a partner at Herrick Feinstein, and looking to resolve one of his biggest cases: Years earlier, he’d secured a $300 million trial judgment for a client, of which his firm was entitled to 10 percent for its fees.

But with the case tied up in appeals, he wanted some insurance that his firm would be paid.

“Even though I thought we would win on appeal, in litigation there’s always a chance you could lose,” Rathkopf said, of the case, In re: Winstar Communications…”

 

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