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Litigation Insurance Searches For Its Niche In The US

Law360 (November 27, 2018, 12:47 PM EST) -- Litigation finance has made remarkable inroads in the U.S., but proponents say litigation insurance offers even greater flexibility and lower costs to clients and firms seeking alternative models of limiting their exposure, even though it remains largely unfamiliar stateside.

Boosters of the product say the biggest obstacle to wider adoption is closing the education gap among U.S. clients and law firms about the range of options available, but others wonder if the product can find a place in a market where the "American rule" holds sway.

“The challenge has been for U.S. litigation attorneys to think about it as they would think...

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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