Litigation Finance Heats Up As Clients Pinch Pennies

Law360, New York (March 14, 2013, 10:38 PM EDT) -- The biggest U.S. player in the commercial litigation funding industry is posting impressive returns on investments, as others in the emerging business say more budget-conscious clients are open to outside parties bankrolling their cases and splitting the returns.

While only a tiny percentage of corporate legal work is being backed by third-party financing — the very idea is still troubling to many — the strategy appears to be gaining traction as awareness grows and a handful of recently opened firms attract legal talent.

Burford Capital, the...
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