⁍ Third-party litigation finance has ballooned into a multibillion-dollar industry.
⁍ The industry didn’t have its own trade group until this month.
⁍ A group of funders came together to launch the International Legal Finance Association.
– Third-party litigation finance has ballooned into a multibillion-dollar industry, with a growing cast of commercial funders backing cases and competing for business while facing criticism from the US Chamber of Commerce and others. But the industry didn’t have its own trade group until this month, when a group of funders came together to launch the International Legal Finance Association, with more than a dozen members so far, Westlaw Today reports. The industry didn’t have its own trade group until this month, when a group of funders came together to launch the International Legal Finance Association, with more than a dozen members so far.
Source: https://www.reuters.com/article/litigationfinance-burford-bogart/whats-next-in-litigation-funding-and-are-law-firms-ripe-for-investment-qa-with-burfords-chris-bogart-idUSL2N2GJ2G3