When Justin Leto was a young plaintiffs attorney, another lawyer in his building asked how he dealt with the financial risk of pursuing litigation. Could his firm somehow insure legal costs in case the jury returned a defense verdict?
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Entries by lcp
Two Miami-based litigators once asked themselves why there was no insurance coverage for attorneys to cover the costs of pursuing a case.
When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on contingency, meaning the client paid nothing and he took all the risk.
A new insurance product created by two Florida attorneys could help lawyers working on a contingency fee basis manage risk by allowing them to recoup costs if they lose in court.
We’ve all heard of car insurance, but what about case insurance? Well, that’s the basic service being offered by two personal injury lawyers out in Florida who launched their company Level Insurance last month.
Garden variety litigation financing has been around quite a while in the personal injury arena. Parties (typically plaintiffs) are given up-front cash in exchange for a portion of their payout from a case when they win. Of late, it has expanded to other lines of practice and warrants keeping an eye on it if you practice in family law or business litigation.
Level Insurance co-founders Larry Bassuk and Justin Leto introduce Litigation Cost Protection at the Florida Justice Association Annual Convention’s Presidential Luncheon. See video below: “We are pleased with the positive response from attendees at the recent Florida Justice Association Annual Convention. We are building great momentum as we introduce Litigation Cost Protection as part of […]
By Daniel Fisher You buy insurance to cover you in case your car crashes. Now lawyers can buy insurance in case their case crashes. It’s another take on a movement that has some academic street cred: Financing plaintiffs so they can persist longer in litigation against corporations and insurance companies that normally have cash and […]
The American Association for Justice Annual Convention gets better each year. Come meet with leaders in your areas of practice and join the lively exchanges that take place during the more than 300 events at the convention.