The Rise Of 3rd-Party Litigation Funding

Law360 (January 21, 2011, 2:06 PM EST) -- Like it or not, third-party litigation funding has become a feature of the litigation landscape in the United States. A phenomenon that appears to have first arisen elsewhere, it was all but inevitable that the world’s largest litigation market would attract prospective investors. The concept seems to be catching on. In recognition of its potentially transformative impact, a major U.S. legal publication proclaimed earlier this year, “Welcome to the world of third-party litigation funding.”[1]

To help navigate this brave new world, this article provides a brief overview of the current state of play for third-party litigation funding in the U.S. It...

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