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. 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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