Awash In Cash, Litigation Funders Eager To Strike Deals
Law360 (November 19, 2019, 5:59 PM EST) -- A first-of-its-kind "buyer's guide" for the litigation funding industry shows the money raised from investors to back legal cases is far outstripping actual investments.
According to a survey released Tuesday by broker Westfleet Advisors, private funders active in the U.S. have a whopping $9.52 billion under management for commercial case investments.
But over a recent 12-month period, the actual cash put behind ongoing litigations was just $2.33 billion.
The Litigation Finance Buyer's Guide says the large disparity suggests that the still-developing industry has an oversupply of cash relative to the pace of investment.
Large institutional investors "are definitely thinking about this,"...
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