We’ve come to the end of another spectacular year of litigation finance in the U.S. As I’ve done for the last few years, I offer some observations and four predictions for 2022.

Overall, 2021 saw continued growth in funding in the usual ways we’ve come to expect. The industry had many new entrants, raised more capital and deployed more investment dollars than in any prior year. None of this growth is particularly surprising, in my opinion. Far more interesting is the recognition that funding is both maturing and enormously useful because it makes our legal system more fair. What follows are several observations and prognostications about the next 12 months, largely focused on the maturation of the industry.

Funding Will Be Increasingly Recognized as Access to Justice