Litigation » Growing Trend: Third Party Litigation Funding

Growing Trend: Third Party Litigation Funding

November 26, 2014

Splitting $ 36020366 420

Third party funding of litigation is considered “a useful tool” by 72 percent of outside counsel and 69 percent of general counsel, according to a recent survey from Burford Capital, which bills itself as the largest dispute funding firm in the business. The survey also found that the number of in-house counsel and finance executives who have made use of litigation funding for their own cases has more than doubled since the 2013 survey, and the number of outside firms using it has risen by 40 percent. Burford finances commercial cases  “with strong underlying legal and factual claims” in exchange for a share of the proceeds.

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