LITIGATION FINANCE USE BY CLIENTS AND FIRMS CONTINUES TO GROW

Litigation finance use by clients and firms continues to grow, according to Burford’s findings.

Following the 2008 financial crisis, the economics of law changed. Clients and firms have increasingly relied upon litigation finance, in order to control the costs of resolving legal disputes.

New research published by Burford shows that litigation finance is a solution that is growing increasingly popular and gaining far great acceptance:

• 28% of private practice lawyers have used litigation finance, an increase of 400% since 2013;
  
  • 75% of counsel and 61% of clients predict that litigation finance will grow over the coming half-decade;
  
  • 41% of clients and 48% of private practice lawyers believe that firms will increase their use of litigation finance.

This is a good thing, and Invest4Justice will continue to help by providing litigation finance for smaller cases, which would not attract the interest of the largest litigation funders. By allowing anyone to invest in litigation finance, investors also have an attractive new asset class that is counter-cyclical and may be invested in by anyone.

The results of the litigation finance surveys may be downloaded from Burford’s website:http://www.burfordcapital.com/tag/us-survey/

TAGS:

CONTINGENCY FEES, INVEST4JUSTICE, LITIGATION FINANCE, LITIGATION FUNDING

LITIGATION FINANCE USE BY CLIENTS AND FIRMS CONTINUES TO GROW