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