The Latest on Third-Party Litigation Financing

As I have previously noted (most recently here), third-party litigation financing is an increasingly important part of the litigation scene in the U.S. and around the world. In a series of articles in December, Law 360 took a comprehensive overview of litigation funding in the U.S. As discussed below, the Law 360 series provides an interesting perspective on an increasingly important part of the U.S. litigation environment.   The Increasing Importance of Third-Party Litigation Financing The lead article in the series, entitled “Going Mainstream: Has Litigation Finance Shed Its Stigma” (here) declares that the third-party litigation financing industry now represents a $5 billion market in the U.S. and as a result of changes that the availability of the financing offers, the legal industry stands “on the brink of a new era,” one where litigation funding “is not just accepted but represents an integral part” of law firm budgets.  …

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