The number of in-house counsel and private lawyers who reported that their companies or law firms were using litigation funding has increased by more than 100% in the past three years, according to a new study from litigation financier Burford Capital. 

Now, a majority of lawyers predict that legal finance will become “increasingly critical” as legal departments and firms look for ways to offset the financial toll of the COVID-19 pandemic and economic downturn, Burford found in a survey of 266 in-house counsel and 233 law firm lawyers.

This content has been archived.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]