Although Augusta Capital and some patent-focused funders predated it in the United States, you might say that the launch of Juridica marked an inflection point for the U.S. litigation finance industry, showing others that there was a market for something called “commercial litigation funding.” Richard Fields had thought a lot about the valuation of cases as an asset prior to co-founding the company with Timothy Scrantom, and briefly ran a company that traded in insurance claims. Now, Fields has returned to being a litigator, and hopes to use his experience calculating risk to become a plaintiff’s attorney to be feared.

(The American Lawyer) Commercial litigation finance is a growing industry. But when it comes to the people who laid its foundations and those who are propelling the business today, it is an exceedingly small and interconnected world. Many key figures trace their roots to elite law firms or Wall Street institutions. Read More