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2023 London ILFA Conference: Law firm clients are increasingly asking for legal finance solutions

September 20, 2023
Liz Bigham

Summary

At its first European conference on June 27 in London, the International Legal Finance Association (ILFA) gathered a group of senior law firm partners to discuss law firm innovation in the European market.

In-house lawyers expect their law firm partners to offer them risk-sharing and legal finance solutions. This has been confirmed by recent research, which shows that over half (51%) of senior in-house lawyers view it as important that law firms are well-versed in legal finance solutions and are ready to advise them about its availability.

Clients want their law firms to be true business partners. By introducing legal finance in a client conversation, a law firm immediately communicates an understanding of their client’s pain points and signals that it stands ready to offer a range of solutions to meet the client’s needs.

About the panel

The panel included Jamie Curle, Partner, DLA Piper; Natasha Harrison, Founder & Managing Partner, Pallas Partners LLP; Richard Healey, Partner, Gateley; Elena Rey, Partner, Brown Rudnick LLP; Clive Zietman, Partner, Stewarts; and was moderated by Neil Purslow, Chief Investment Officer, Therium.