Use of Litigation Finance Exploding, New Study Says

A new survey released by a leading litigation financier seems to indicate that litigation financing is more widely accepted and understood than it was several years ago—and it’s growing.

Billing practices are changing as more clients move away from the billable hour, and litigation finance “will inevitably become more commonplace,” Burford Capital’s 2018 Litigation Finance Survey said.

Litigation financiers are third-party investors in a case or portfolio of cases, with no ties to the litigation, that fund work on the matter in return for part of any recovery. The still-emerging industry has taken criticism from tort reform advocates, regulators and ...