Carol Langford writes for The Recorder, March 6, 2014 (subscription required)
Litigation funding is booming. It is also completely unexamined and unregulated, with even hedge funds getting in on the action. Surprisingly, there is little to no real guidance to lawyers on the ethical issues that arise from working with ALFs in California. Even most legal malpractice policies do not address the liability of a lawyer for issues involved in litigation funding.