Litigation Funding In Canada: More Of A Group Effort

Law360, New York (December 12, 2017, 3:54 PM EST) -- Litigation funding has developed into an important mechanism to reduce financial risk for law firms and clients. The process continues to evolve, with the most recent expansion to commercial cases.[1] Moreover, portfolio financing has become a key development in litigation funding. It appears that large funders are reducing their use of single-case deals, with group-case financing becoming a preferential method.

Litigation funding in Canada, at this stage, appears to be a formal process where certain litigation funders seek court approval prior to the advancement of funding. In the United States, on the other hand, parties appear to deal with litigation funding...

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