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 m.axe@gardner-leader.co.uk.