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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.