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91 Tul. L. Rev. 405 (2016-2017)

handle is hein.journals/tulr91 and id is 445 raw text is: 









          TULANE



LAW REVIEW


VOL.  91                      FEBRUARY 2017                             No.  3



            Reshaping Third-Party Funding


                      Victoria Shannon Sahani*


      Thiid-party funding is a contoversial business anangement whereby an outside
entity-called a thdn-party funder-finances the legal rpresentation of a party ivolved in
litigation or arbitration or fiances a law fm f portfolio of cases in return for a profit


     *    © 2017 Victoria Shannon Sahani. Associate Professor of Law, Washington and
Lee  University School of Law; J.D., Harvard Law School; A.B., Harvard University;
coauthor of the book THIRD-PARTY FUNDING IN INTERNATIONAL ARBITRATION (forthcoming
2017) (with Lisa Bench Nieuwveld); member  of the Third-Party Funding Task Force
(http://www.arbitration-icca.org/projects/fhird.PartyYFunding.html);  member  of  the
Advisory Council of the Alliance for Responsible Consumer Legal Funding (ARC Legal
Funding) (http://arclegalfunding.org/). The author would like to thank Catherine Rogers,
Tony  Sebok,  Maya  Steinitz, Jason Rantanen, Renee Jones, Nicola Sharpe, Shaun
Shaughnessy, Margaret Hu, Brant Hellwig, Chris Drahozal, Angela Onwuachi-Willig, Tai-
Heng  Cheng, Jean Y. Xiao, Jamila Jefferson-Jones, Kristin Johnson, Laura Beny, Cary
Martin, Audrey McFarlane, Twinette Johnson, Carliss Chatman, Cassandra Thomas Roberts,
Stacy-Ann Elvy, Cometria Cooper, Douglas Sylvester, Jonathan Rose, Art Hinshaw, Tamara
Herrera, Kaipo Matsumura, Andrew Carter, Sue Chesler, Troy Rule, Alyssa Dragnich, Bob
Dauber, Adam  Chodorow,  Laura Napoli Coordes, Rhett Larson, Charles Calleros, Karen
Bradshaw  Schulz, Dennis Karijala, Betsy Grey, Bijal Shah, Erin Scharff, and Bob Miller.
The author also expresses gratitude to the participants of the Inaugural Innovation, Business,
&  Law Colloquium (IBL Colloquium), hosted by the University of Iowa College of Law's
Innovation, Business, & Law Center; the participants of the Ninth and Tenth Annual Lutie
Lytle Black Women  Law Professors Writing Workshops; the participants of the New York
University School of Law Center on Civil Justice Fall Conference on Litigation Funding; the
participants of the American Society of International Law (ASIL) Research Forum; and the
faculty of Arizona State University Sandra Day O'Connor College of Law  for their
invaluable comments on prior drafts. The author is grateful to her exceptional research
assistants Margaret (Molly) McGregor, Leanna Minix, and Margaret (Maggie) Hayes and for
their assistance with this Article. The author expresses her sincerest gratitude to Sheridan
DuPont, Jennifer Leaphart, Andrew Cox, Rosalie Haug, Leslie LaCoste, Jordan Leon, and
the student editing team at the Tulane LawReviewfor their superb editing work.


405

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