Top Three Troubling Legal Trends to Watch in 2024

As we embark on a new year, trial lawyers continue to employ their well-worn tricks. In 2024, many concerning legal trends are on the horizon. Here are three troubling trends that have captured our attention.

The first is third party litigation funding (TPLF). As you may know, TPLF is a multibillion-dollar global industry where hedge funds and other financiers invest in lawsuits in exchange for a percentage of any settlement or judgment. This industry operates almost completely in the shadows. In typical lawsuits, neither the court nor the defendant is aware if outside investors are funding the case, and due to a lack of transparency laws, investors are not obligated to disclose their involvement. This system thrives on secrecy and allows hidden TPLF players to manipulate civil litigation for their purported gain. TPLF continues to be a growing threat to the national economy, the federal judiciary, the U.S. business community, and potentially U.S. national security.