Episode 4.8: Funding the Fight: Inside Litigation Funding with Rocade Capital
Adam Rosen knows litigation finance from both sides of the table.
Now Managing Director and Head of Underwriting at Rocade Capital, Adam began his career litigating mass tort cases at Ashcraft & Gerel. Today, he evaluates many of the same types of firms and cases he once worked alongside, giving him a unique perspective on what makes a law firm ready for outside capital.
In this episode of The Heart of Law, Mirena Umizaj Dumas sits down with Adam to talk about that transition and how his experience as a litigator shapes the way he approaches underwriting today.
They dig into Rocade Capital’s recent acquisition of Law Finance Group, bringing together two platforms that have deployed more than $2.3 billion, and discuss what lenders are really looking for when they evaluate a law firm. Adam explains why strong case-level data matters, where firms tend to fall short, and what separates a firm that is ready to raise capital from one that still has work to do.
The conversation also covers the growing political scrutiny around litigation finance, including proposed federal tax changes and North Carolina’s ban on third-party funding. Adam and Mirena also break down Management Services Organizations, including what they can solve for law firm owners and where firms may give up more control than they expect.
On a more personal note, Adam shares what it looks like to balance a demanding career with raising two young daughters and talks about his work with the Milestone Foundation, which provides emergency loans to injured plaintiffs while their cases are still pending.
Topics include:
Adam’s move from mass tort litigation to underwriting
The Rocade Capital and Law Finance Group acquisition
What lenders look for before financing a law firm
Why case-level data matters when raising capital
The political and regulatory pressure surrounding litigation finance
What an MSO can and cannot solve for law firm owners
Balancing a demanding legal career with family life
The Heart of Law is hosted by Mirena Umizaj Dumas, Founder and CEO of Mirena and Company, a litigation finance and law firm consulting firm serving plaintiff practices nationwide.
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