What Mainstreaming Of Litigation Finance Means For Industry
By William Weisman (October 1, 2021, 4:48 PM EDT) -- Commercial litigation finance has gone mainstream. We need only look at two prime indicators to reach that conclusion: the rush of new capital into the space, and the number of new funders.
According to the International Legal Finance Association, assets under management in litigation finance doubled from 2017 to 2020, reaching $10 billion last year. An analysis conducted by Bloomberg Law, meanwhile, found that despite the pandemic, funds dedicated to litigation finance raised more than $1 billion in 2020 alone. In fact, they had already eclipsed that figure by mid-August.
And at least five different litigation financiers raised funds in the...
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