Crowell & Moring attorneys Paul Haskel, John Laird, Scott Lessne, and Paul Muscutt have contributed a chapter to ICLG’s Lending & Secured Finance Laws and Regulations 2026, providing a comprehensive introduction to litigation funding.

The chapter examines the key players in the litigation funding space, the legal and regulatory frameworks governing funding arrangements in the U.S. and UK, the types of financing structures most commonly used, the underwriting process, and taxation.

Read the full chapter here.

Photo of Paul B. Haskel Paul B. Haskel

Paul B. Haskel is a partner in the New York office of Crowell & Moring and co-chair of the firm’s Financial Services Group. His practice focuses on the fields of alternative investment and opportunistic credit, including the secondary market for distressed and other…

Paul B. Haskel is a partner in the New York office of Crowell & Moring and co-chair of the firm’s Financial Services Group. His practice focuses on the fields of alternative investment and opportunistic credit, including the secondary market for distressed and other high-yield debt and claims. He represents investment funds, investment banks, and other financial institutions in connection with the purchase and sale of various U.S. and international assets, including domestic and foreign bank loans, high-yield securities, insurance subrogation claims, tax claims, and claims against bankruptcy estates, litigation trusts, and similar liquidating vehicles. He also advises clients on regulatory compliance issues relevant to financial institutions investing in bank loans and claims, including issues arising under U.S. securities law and state common law. Paul is an active member of The Loan Syndications and Trading Association Inc. (LSTA) and sits on various LSTA committees. He is a frequent speaker on topics relating to secondary loan market transactions.

Photo of Scott Lessne Scott Lessne

Scott Lessne chairs the firm’s Commercial Finance & Lending team. Scott’s practice involves the representation of financial institutions and corporate clients in connection with the negotiation and documentation of commercial, asset-based, project-related, and real estate loan transactions, as well as advising clients on…

Scott Lessne chairs the firm’s Commercial Finance & Lending team. Scott’s practice involves the representation of financial institutions and corporate clients in connection with the negotiation and documentation of commercial, asset-based, project-related, and real estate loan transactions, as well as advising clients on legal issues arising in complex single and multi-lender loan workouts and restructures. In addition, Scott advises financial institution clients on creditors’ rights remedies, including judicial and non-judicial enforcement actions and bankruptcy strategies. Scott has particular experience in the financial services, health care, energy, restaurant, and hospitality industries.

Photo of Paul Muscutt Paul Muscutt

An experienced bankruptcy and restructuring lawyer, Paul Muscutt’s practice covers all aspects of contentious and noncontentious insolvency, with specific expertise in cross border complex fraud and asset recovery cases and investigations. Paul acts for financial institutions, asset based lenders, private equity and high

An experienced bankruptcy and restructuring lawyer, Paul Muscutt’s practice covers all aspects of contentious and noncontentious insolvency, with specific expertise in cross border complex fraud and asset recovery cases and investigations. Paul acts for financial institutions, asset based lenders, private equity and high net worth investors, insolvency practitioners, directors, and corporate clients. Paul is a partner in Crowell & Moring’s Financial Services Group in the firm’s London office. He is a member of the Legal and Technical Committee for UK Finance and a member of R3’s Policy Group.