Wednesday, June 3, 2009

AVP Legal

Every once in a while you come across a money-making idea and you think: "why the hell didn't I think of that" - or something equally uncharitable about the inventor. That was my reaction when I read about Juridica Capital Management: they run a fund (originally in the USA, now in the UK) that invests in one side of a lawsuit in exchange for a share of any winnings. And its the lawyers that are coming to them for their support, according to today's New York Times.

Okay, there is a downside: sure the investors win, the lawyers win, one side of the lawsuit wins ... but what about the rest of us. Ultimately legal costs - like public sector spending - have to paid by someone at sometime, willingly (and wittingly) or otherwise. That's you and me folks.

Maybe PooterGeek is right: it's like the strapline from Alien Vs Predator - whoever wins, we lose. Unless you're an investor in the fund of course. Hmmmmm.

(Image c/o Brian Meehl)

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