If you haven’t heard of a “litigation bond,” you’re in good company. While some lawyers encounter this unique area of litigation practice immediately, many do not encounter it until the right case comes along. But ignorance of the nature and procedure of litigation bonds is a significant drawback. If your lawsuit does require such a bond, you will likely have very little time to procure it. And your client will be looking to you for guidance. Furthermore, knowing when a bond can be required—or may be utilized even when not required—can be of strategic value. This article will enable you to address your bond needs knowledgeably and efficiently.