Am Law 200 firms’ use of new capital raised by third-party litigation financing grew to $960 million last year despite a 14% contraction in new capital commitments overall, a recently published report found, giving researchers positive signs for the growing acceptance of a niche financial tool among the legal industry’s largest players.
Data comes from consulting firm Westfleet Advisors, which surveyed litigation funders on activity during the 12-month period ending June 30. The report states only litigation finance activities involving a party based in the U.S. are reflected in the report.
