Litigation funding and arbitration are colliding on the international stage as the litigation finance industry comes of age.
“There’s been an expansion of market entrants that are providing litigation funding,” said Teddy Baldwin, a partner at Steptoe & Johnson in Washington, D.C. “When I first started working with litigation funders 12 years ago, there was a very small number of companies doing this, particularly in arbitration. Now, that number is growing constantly.”
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