Large law firms significantly stepped up their use of litigation funding in 2021, according to a new report released Wednesday by broker Westfleet Advisors, with the share of total funding commitments that were made to firms in the Am Law 200 rising by 46% from the previous year.

These firms were privy to 41% of the 426 new deals initiated by litigation funders in the past calendar year, a total figure that was well up from the 312 deals closed in 2020. And 53% of the portfolio deals, which involve a group of multiple cases, inked in the same interval went to Am Law 200 firms, up a striking 488% from 2020.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]