The Commercial Litigation Finance Association (CLFA) is the first self-regulating body for commercial litigation finance companies in the United States.
Litigation finance is the practice of third party payment of legal costs and expenses in a lawsuit, with repayment only upon the success of the claim.
The litigation finance industry in the United States is a burgeoning industry that has established its own self-regulation and set best practices in order to ensure fair and ethical dealings with litigants.
Litigants are encouraged to check that Funders are members of the CLFA and abide by the Ethics Guidelines of CLFA. Our Ethics Guidelines describe the standards by which all Funders who are members of CLFA have chosen to abide by. It sets the standards for transparency, privilege, and client protection in litigation funding agreements.
CLFA is the only ethics organizations for commercial litigation funders in the United States who work with business entities and finance legal fees. We work to shape the regulatory environment, and our foremost priority is ensuring that litigation finance in the United States grows in a sustainable, ethical, and responsible fashion.
Any parties interested in learning more about the litigation finance industry or in becoming a member of CLFA should email us here.