Third Party Litigation Financing: A Distorting or Reinforcing Practice?

Litigation Practice Group Event

Event Video

Third party litigation financing (TPLF) is the practice of external financiers investing in lawsuits in exchange for a percentage of any settlement or judgment. TPLF is a global industry with approximately $100 billion available to funders and firms. Proponents argue that the practice makes it possible for marginalized plaintiffs to bring difficult cases that wouldn't otherwise be brought. Critics, however, claim that it harms the legal system, distorting the plaintiff and defendant roles and making lawsuit settlements more difficult and expensive. Are these criticisms fair? Or do the benefits outweigh the objections? Join us on June 11 for an expert panel who will consider these questions and more.


  • Prof. Brian T. Fitzpatrick, Professor of Law, Vanderbilt University Law School
  • Andrew Grossman, Partner, Baker & Hostetler LLP and Adjunct Scholar, The Cato Institute
  • Prof. Erin M. Hawley, Associate Professor at the University of Missouri School of Law, Legal Fellow at the Independent Women's Forum
  • Hon. Luther Johnson Strange, III, Former Senator, State of Alabama