Michael Kelley was quoted in Bloomberg Law about a trend in litigation finance: the need to refinance loans tied to mass tort cases that are taking longer than investors expected.

“All these loans have maturity dates in them,” Michael said. “So those are coming and going and the question always becomes what happens?”

Michael counsels funders, law firms, and in-house counsel on the evolving world of litigation finance. He has advised on transactions ranging from a few hundred thousand dollars to over $500 million. He told Bloomberg Law the portion of his practice involving law firm refinancing agreements has grown fairly significantly.

Lenders “want to see the principals putting some more skin in the game” as part of refinancings, Michael said.

Subscribers can read the full article here: Mass Tort Lawyers Trapped in Cycle of Debt as Cases Drag On

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