The Law Society Gazette has reported on a leading Litigation Funder's annual report, which confirmed a 23% increase in its operating profit over the last year.
This is a clear indication that lawyers - and their clients - are becoming more aware of the availability of the various forms of third party litigation financing that may be available to them.
Despite this increase in awareness, many businesses still do not know, for example, that they can potentially use their company’s litigation assets as collateral for obtaining general corporate finance.
If you have any queries about how litigation financing works in practice, please get in touch with me at firstname.lastname@example.org.
The number of lawyers who said their firms or companies have used litigation finance has grown since Burford first conducted its research – from under 10% of respondents in 2012 to 32% of lawyers in 2018