American Legal Finance Association Sponsors First Continuing Legal Education Seminar, --"Ethics in Litigation Financing,"-- for the Brooklyn Bar Association

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Wed Apr 29, 2009 10:18am EDT

BROOKLYN, N.Y.--(Business Wire)--
The American Legal Finance Association (ALFA) is reaching out to the legal
community to demonstrate the benefits of legal funding. Last night, ALFA
sponsored the first "Ethics in Litigation Financing" seminar, which featured
Professor Anthony Sebok from the Benjamin N. Cardozo School of Law at Yeshiva
University. The course, which took place at the Brooklyn Bar Association,
included legal ethics and client counseling in the area of legal funding;
current New York law regarding the legality of non-recourse funding, the New
York rules of professional conduct, and the policy reasons that have led the New
York courts and legislature to permit non-recourse funding of litigation. In
addition, participants earned two ethics credits. 

The legal funding industry was created to ensure that everyday financial
pressures don't interfere with the fair and just disposition of an individual's
lawsuit. Legal funding companies provide funds to those individuals who have a
legal claim and cannot work due to injuries, and are thus unable to pay for
basic necessities like housing, utilities, and food as they wait for the
resolution of their claim. 

The American Legal Finance Association, made up of seventeen of the country`s
leading legal funding firms, is proud to support efforts to inform and educate
members of the legal community about this important service. ALFA is also
working with various bar associations in New York and across the country to hold
additional seminars on this important, fast-growing legal topic. Photos of the
seminar can be viewed at http://picasaweb.google.com/AmericanLegalFinanceAssoc/

This course is still available online, and is being offered for free to the
first 100 people who view it (both members and nonmembers of the Brooklyn Bar
Association). After the first 100 viewers, the course will be offered to members
and non-members at a cost. Please contact Gail Markels, Executive Director of
ALFA, with questions at (914) 242-2023. 

The American Legal Finance Association is made up of seventeen of the country`s
leading legal funding companies, who work toward a mutual goal of ensuring fair,
ethical, and transparent funding standards in the legal finance industry. All
ALFA members sign and adhere to a "Best Practices" code of ethics, and the
organization works proactively with state policymakers to establish legal and
regulatory guidelines for the industry as a whole. By helping to establish a
regulated, fair system, ALFA has helped ensure a successful and functioning free
market that continues to expand and help more Americans every day. To learn more
about ALFA and the high standards it works to uphold in the legal funding
industry, please visit our website at http://americanlegalfin.com. 





ALFA
Gail Markels, 914-242-2023



Copyright Business Wire 2009

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