Lawyers at top firms are ditching their jobs for new opportunities in an industry that was relatively unknown just a few years ago, reports The Wall Street Journal.
Litigation finance firms, which act as third-party funders in lawsuits, are raising hundreds of millions of dollars and are looking to hire. Litigation funders provide capital to plaintiffs in lawsuits in exchange for a cut of any financial recovery.
The article goes on to say positions with litigation-finance firms are seen as more entrepreneurial than the typical bill-by-the-hour firm.
When the industry first came onto the scene, it publicly got a bad rap - people were turned off by it - but the uptick in hiring indicates that opinions are changing.
According to the WSJ article, litigation finance firms offer six-figure pay, but more manageable hours than law firms.