This episode is about chopping wood. While the headlines about litigation finance involve splashy deals and volatile policy, Adam Gill takes us to the backroom to show the work of litigation finance is risk management.

This is a rare opportunity to examine the operations of litigation finance. Adam discusses how he considers the law firms, parties, budget, appellate risk, settlement posture. The work is aligning incentives for the stakeholders - dealmaking.

I'm happy to bring Adam back - he was the first podcast guest and an early supporter in my entrepreneurship.

If you liked this episode, you'll like:

001 Adam Gill: how trading stocks led to litigation finance. Adam’s first conversation gives the origin story behind this return episode: how patent-litigation curiosity, public-market analysis, and writing opened the door to litigation finance.

046 Mani Walia: the lunch that launched a fund a decade later - trust, focus, and alignment. Mani shows a different path from trial lawyer to funder, where old relationships and aligned downside become the foundation for a litigation fund.

049 Louis Tompros: what trial lawyers need to understand about winning — Louis gives the trial-lawyer version of a question Adam treats as underwriting: what actually counts as a win for the client?