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Opponents of commercial litigation funding routinely invoke the supposed “$16 billion” size of the industry as a bogeyman to justify special-purpose, punitive regulation, relying on a cherry-picked assets under management (AUM) figure to dramatically overstate the industry’s footprint and portray it as a major asset class.

Monday, August 4, the State of New Jersey announced a landmark settlement with DuPont and related companies (“DuPont Defendants”) valued at more than $2 billion, the largest environmental recovery for a single State – and one of the top-20 largest settlements of any kind – in U.S. history.

Thank you for reading The National Law Review’s legal news roundup, highlighting the latest law firm news! Please read below for the latest in law firm news and industry expansion, legal industry awards, recognition and women in the legal field.

On July 23, 2025, the Internal Revenue Service (IRS or the Service)’s Large Business & International Division (LB&I) issued “Interim Guidance on Reinforcing the Customer Focused, High Efficiency LB&I Examination Process,” which contains three modifications to existing IRS policies and procedures in l