LevelEsq Journal

Raise The Bar™  

Recent Entries

December 3, 2021

Will Mass Tort Bankruptcies Eat into Your Firm’s Bottom Line?

If you handle product liability cases, you’re familiar with mass tort bankruptcy. Beginning with asbestos litigation in the 1980s, defendant companies confronting vast financial losses from mass tort actions have increasingly turned to Chapter 11 bankruptcy protection.

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November 10, 2021

To Unmask a Litigation Funder?

Perhaps no case has brought more media attention to litigation finance than Hulk Hogan’s sex tape lawsuit against Gawker Media.

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November 10, 2021

Federal District Court Denies Reimbursement of Litigation Funding Expenses in Class Action

In the Northern District of California, the court denied class counsel’s request for recovery of litigation funding expenses from the corpus of a class settlement.

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November 10, 2021

Crowdfunding Litigation with Cryptocurrency

Apothio LLC, a research group focused on the commercialization of hemp, is financing its civil case against California law enforcement by selling off crypto tokens in an “initial litigation offering” (ILO).

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November 9, 2021

LevelEsq Alleviates Personal Injury Case Funding Concerns

Find out how revolutionary litigation funding and case cost insurance tools from LevelEsq level the playing field and increase profitability for Personal Injury cases—past, present, and future.

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November 8, 2021

Nonlawyer Ownership of Law Firms: Coming to a Jurisdiction Near You?

Though some states now allow non-lawyers to own law firms, the practice is not without controversy.

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October 27, 2021

The LevelEsq (R)evolution is Set to Turn the Tide in Medical Malpractice Lawsuits

Though the negligence of doctors, hospitals, and other health care providers can profoundly affect patients’ and their families’ lives, medical malpractice cases are complex and notoriously difficult to win. In addition, political lobbyists have spent an endless amount of money to convince the public that doctors can do no harm and that all medical malpractice cases are lawyer-driven and frivolous.

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October 17, 2021

Emerging possibility of required disclosure of litigation funding

As the public has become more aware of third-party litigation funding in recent years and judges and lawyers have grappled with the ethical implications of these arrangements, the concept of requiring parties to disclose information about litigation funding has gained traction.

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October 17, 2021

Gary Barnett is new head of International Legal Finance Association

In September, former U.S. Department of Justice official Gary Barnett became the new executive director and general counsel of the International Legal Finance Association (ILFA), a global organization for the commercial legal finance industry. In his time at DOJ, Barnett held various positions, including senior counselor to the attorney general, acting director in the Office of Victims of Crime, and acting chief of staff to ex-attorney general Matt Whitaker. Before his tour with the Justice Department, Barnett worked as a staffer for then-U.S. Sen. Jeff Flake.

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October 17, 2021

New findings shed light on the toll of debt on young lawyers

In September, the American Bar Association’s Young Lawyers Division and AccessLex Institute released the results of a survey examining the effects of law school loans on career and life decisions of new lawyers. Last year, after survey results suggested that educational debt was causing young lawyers to choose jobs because of higher pay and to delay or miss out on things like getting married, having children or buying a home, the ABA began probing further.

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October 10, 2021

Tired of gender discrimination in the legal profession? Fight back with LevelEsq

Female attorneys deserve a weapon to fight back against long-standing disparities in pay and opportunities. Thanks to Litigation Cost Protection (LCP) and Lawsuit Cost Financing (LCF) from LevelEsq they finally have it.

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September 28, 2021

Can I Pass The Litigation Cost Protection Premium Through to My Client?

LevelEsq’s founders, Larry Bassuk and Justin Leto, are both members of the Florida Bar. After the launch of Litigation Cost Protection (“LCP”) in 2016, they began the process of obtaining a written ethics opinion from the Florida Bar that would permit the premium ‘pass through.’ It was the beginning of a winding road that ultimately led them to Tallahassee to make their case to the Florida Bar Board of Governors.

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September 23, 2021

How Do I Leverage My Level Insurance Policy?

Welcome to the LevelEsq (r)evolution. Did you know that, in addition to protecting your downside economic risk, LCP can help you increase the profits you earn on a case? Don’t choose between sword or shield. Find out how LevelEsq can arm you with both, level the litigation playing field, and transform you into a lawyer with which to be reckoned.

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September 21, 2021

Litigation Cost Protection Provides Greater Access to the Courts – Here’s Why

Think Litigation Cost Protection (LCP) might encourage attorneys to throw a case? Think again. Find out why LCP actually encourages proper resolution, not the opposite.

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September 20, 2021

LevelEsq’s Litigation Cost Protection—a Vital Safeguard for Trial Lawyers

It was a stressor only all too common in the life of a trial lawyer. The more of his own money attorney Justin Leto invested in a contingency case, the more profound the risk to his business. It seemed like such a basic, fundamental problem that was being shared by so many other litigators. Why had no one yet proposed a solution?

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September 13, 2021

Law firm finance: can the defense compel discovery?

A law or policy that requires an enterprise to disclose where it gets its capital could be considered ludicrous. So, why are lawyers and law firms -- particularly those that represent victims suffering the consequences of others’ negligence – treated differently?

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September 12, 2021

LevelEsq’s New Lawsuit Cost Financing Raises the Bar

Devising a more sophisticated strategy to finance your case costs can free up cash spent on existing cases -- i.e., refinance the costs and take the cash out . Explore how case cost financing has traditionally been done and compare it to the way things should be done to enhance your firm’s revenue and income.

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January 10, 2019

FC 42: PI & Other Firms Using Litigation Insurance with Level Insurance’s Justin Leto

Jason Hartman talks with Justin Leto, co-founder of Level Insurance, about how his company is helping the legal profession by offering litigation insurance. This gives lawyers protection from lost expenses when working contingency cases.

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February 7, 2018

Litigation insurance costs may be passed to clients

The U.S. legal services market has within the past five years warmed up to the idea of litigation finance, a practice first adopted in Australia and then the U.K. A well-known British-based broker of litigation funding, TheJudge Group Holdings Ltd., will announce Wednesday it is launching in the U.S. with hopes to grow domestic awareness of another across-the-pond legal financial product: Litigation insurance for plaintiffs.

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June 13, 2017

Litigation Finance, Sure. Litigation Insurance? UK Broker Seeks US Sales

The U.S. legal services market has within the past five years warmed up to the idea of litigation finance, a practice first adopted in Australia and then the U.K. A well-known British-based broker of litigation funding, TheJudge Group Holdings Ltd., will announce Wednesday it is launching in the U.S. with hopes to grow domestic awareness of another across-the-pond legal financial product: Litigation insurance for plaintiffs.

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May 31, 2017

Litigation Cost Insurance Covers Losing Plaintiffs’ Expenses

Plaintiffs lawyers know the rule: If they lose their lawsuits, they and their clients pay the expenses, while defendants often have insurance to defray legal costs. But what if there were a way to mitigate the financial risk plaintiffs assume in bringing a case to trial?

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March 5, 2017

This May Not be the News You Want But Bringing a Lawsuit Just Got Easier

There is some bad news for people who fret our society is excessively litigious. A startup in the normally stuffy insurance industry has just made bringing a lawsuit less risky.

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November 17, 2016

Miami lawyers Roll out Litigation Insurance in New Jersey

Justin Leto and Larry Bassuk were two trial attorneys in Miami when, from experience, they saw a need for a service: litigation insurance. It’s now available in New Jersey, through their company Level Insurance.

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September 11, 2016

Lawyers Launch Insurance Policy for Contingency Cases

When Justin Leto was a young plaintiffs attorney, another lawyer in his building asked how he dealt with the financial risk of pursuing litigation. Could his firm somehow insure legal costs in case the jury returned a defense verdict?

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September 11, 2016

Two Florida Litigators Found First U.S. Litigation Cost Protection Insurance Company

Two Miami-based litigators once asked themselves why there was no insurance coverage for attorneys to cover the costs of pursuing a case.

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August 15, 2016

Now Lawyers Can Get Reimbursed Even If They Lose a Case

When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on contingency, meaning the client paid nothing and he took all the risk.

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July 31, 2016

Fla. Attys Launch Litigation Cost Insurance Co.

A new insurance product created by two Florida attorneys could help lawyers working on a contingency fee basis manage risk by allowing them to recoup costs if they lose in court.

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July 28, 2016

Can You Still Get Paid Even After Losing a Case?

We’ve all heard of car insurance, but what about case insurance? Well, that’s the basic service being offered by two personal injury lawyers out in Florida who launched their company Level Insurance last month.

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July 21, 2016

What if You Could Be Paid to Lose a Case?

Garden variety litigation financing has been around quite a while in the personal injury arena. Parties (typically plaintiffs) are given up-front cash in exchange for a portion of their payout from a case when they win. Of late, it has expanded to other lines of practice and warrants keeping an eye on it if you practice in family law or business litigation.

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July 19, 2016

Lawyers Launch Insurance For When A Case Crashes

By Daniel Fisher You buy insurance to cover you in case your car crashes. Now lawyers can buy insurance in case their case crashes. It’s another take on a movement that has some academic street cred: Financing plaintiffs so they can persist longer in litigation against corporations and insurance companies that normally have cash and […]

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How can we help your firm?

Lawsuit Cost Financing

Quick and seamless access to capital to fund your case expenses.

Litigation Cost Protection

Protect the downside with insurance coverage for litigation costs.