Litigation finance can be a powerful tool: claimholders can use it to reduce risk, secure working capital, or bring claims without diverting business resources; investors to diversify their investments into uncorrelated areas; law firms to monetize expected recoveries or to help take on new opportunities; and litigation finance companies can offer unique solutions to businesses and consumers.
To successfully leverage the opportunities offered by litigation finance requires counsel skilled in this nascent field. Our Team serves the needs of litigation finance companies (both commercial- and consumer-focused), claimholders, and investors. We draw on significant and varied experience in the litigation finance space, with counsel who have been involved in dozens of litigation finance transactions involving businesses, consumers, law firms, and large insurers.
Scale LLP’s nontraditional structure and the breadth of experience of our attorneys aligns with litigation funding, allowing for a business-minded and risk oriented approach and flexible fee structures.
OCC Bulletin Offers Guidance on Venture Lending
In the wake of the Silicon Valley Bank crisis and other incidents of banking distress last year, new participants continue to enter the venture debt market — resulting in the formation of new banking relationships. Accordingly, the Office of the Comptroller of the Currency (“OCC”) issued Bulletin 2023-34 (the “Bulletin”) to address what it sees as “heightened uncertainty” created by these developments.
California’s New Small Business Commercial Financing Regulations
The goal of S.B. 666 is to protect small business borrowers by restricting the types of fees they may be charged by brokers or providers of certain business loans.3 In this article, we address key issues arising under S.B. 666 for both borrowers and lenders.
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