Statera’s Managing Director and Co-Founder, Andy Woltman, recently spoke on a panel at LITFINCON LA, a leading litigation finance conference, about the latest developments in litigation finance. Andy joined moderator Jason Bertoldi of Willis Towers Watson and panelists Heather Bandonell of Western Alliance Bank, Paul Cody of Counsel Financial, and Justin Brass of JBSL for a discussion on “Trends and Drivers in Litigation Finance.”
Andy discussed a variety of topics, including the growing utilization of litigation finance by law firms of all sizes, including Big Law. Although large law firm portfolios, mass torts, and insurance products often grab litigation finance-related headlines, single-matter financings still make up a majority (57%) of financing for Big Law. Statera’s focus on commercial disputes that need $500,000 to $4 million in financing provides Statera a unique view of the litigation finance market. Statera’s flexibility on financing size enables it to provide financing for disputes being handled by AmLaw 200 firms as well as by leading regional firms and boutiques.
Andy is a leader in the litigation finance industry. A former commercial trial lawyer at an AmLaw 100 firm, he regularly speaks on the latest developments and trends in litigation finance and the legal industry more broadly. He has been recognized by Chambers, Lawdragon, and Leaders League, among others.
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