Third party litigation funding here to stay

Despite warnings from organizations like the U.S. Chamber Institute for Legal Reform that third party litigation funding will increase and prolong litigation, the financing of litigation and law firms seems here to stay.  Earlier this summer, Burford Capital Limited announced its plans to expand with several new business lines, and according to a recent study by Burford, 79% of lawyers polled think litigation finance is a useful tool. With litigation costs sky-rocketing it is no wonder that plaintiffs, defendants and the law firms that represent them are looking for new ways to finance their lawsuits.