The changing market requires companies to protect themselves from the risk of litigation. Litigation financing gives a company the ability to protect themselves from lawsuits. Litigants with claims of two million or two billion can now find financiers to back their claim.
The biggest challenge is companies who do not want to be labeled as a way out for distressed clients. The litigation financiers have switched their focus to corporates businesses for this reason. The problem here is the unwillingness of corporations to have an external source involved in the management of their assets. They are simply a failsafe in case the corporation ends up in litigation.
Litigation financiers are aiding in the protection of a corporation’s capital and offering options in the event of an unsuccessful case. Although insurance is generally cheaper than the finance fees for litigants, lawsuit funding is expected to show some dramatic changes in 2017.
Karl Heideck is extremely well known in Philadelphia as a litigator. His experience is in risk management, litigation and compliance. Karl Heideck currently works for the attorneys Grant & Eisenhofer in the fields of risk management and compliance. He began working for the firm in 2015.
Karl Heideck studied at Temple University where he earned his JD in law in 2009. While attending the James E. Beasley Law School Karl Heideck’s focus included intellectual property, trials, appeals, arbitration, mediation, employment law, teaching, court’s, civil litigation, legal writing, product liability, commercial litigation, corporate law and legal research. These facets became strong skillsets for Karl Heideck.