Pera Tackles Ethical Issues Associated with Litigation Funding on ALAS Podcast

Adams & Reese Partner Lucian Pera, one of the nation’s leading legal ethics practitioners, is a guest on the podcast, “The Portable Ethics Lawyer – Litigation Funding”, hosted by ALAS – the country’s largest lawyer-owned mutual company. ALAS represents over 82,000 attorneys in comprehensive professional liability insurance. 

Litigation funding is a service by which a third party to a lawsuit provides funding to allow a claimant or their lawyer to pursue litigation. This practice has steadily increased in recent years and is currently a $15 billion market.

Lawyers and law firms considering these arrangements need to understand both the intricacies of litigation funding agreements and the ethical issues raised by them. Pera provides his thoughts on the ethical issues associated with litigation funding agreements, along with his insights on solutions for handling these issues and avoiding any landmines associated with these deals.

At Adams & Reese, Pera is a Partner in the firm’s Memphis office. For more than 30 years and licensed in Tennessee and Arizona, Pera has practiced in commercial litigation, media law, legal ethics, and lawyer regulation – advising lawyers, law firms, and businesses on legal ethics, compliance, risk management, and innovative legal service models.

Pera is an award-winning lawyer recognized for his significant contributions to the field of legal ethics – receiving the prestigious Michael Franck Award from the ABA Center for Professional Responsibility. He has played a leadership role in revising the ABA Model Rules of Professional Conduct and continues to be a prominent voice on the ethical challenges facing the evolving legal services market.