We're in the middle of a crowdfunding golden age. Individuals have raised thousands of dollars to make potato salad ($55,000), create inflatable Lionel Richie sculptures ($12,500), and conduct a squirrel census ($9,000). When it comes to fundraising, it seems like people are just giving money away.
Should lawyers and litigants looking to finance a suit hop on the crowdfunding train? What about working with litigation investment companies? The answer, of course, is maybe. While crowdfunding has been used successfully, litigation investment poses significant ethical risks for lawyers.