Third-Party Funding Transparency is Key in Patent Suits

Third-party litigation funding (TPLF), the practice of investment firms providing capital to fund the costs of litigation in exchange for a portion of the recovery, has ballooned to a $15 billion-per-year industry. Partner Bijal Vakil and associate Steven Reichel discuss the push for greater transparency in TPLF in patent suits and review new legislative and judicial efforts to require disclosure of funding sources.