Mishcon de Reya is launching a £150 million litigation finance venture called MDR Solutions I to fund litigation and arbitration cases, in the latest example of law firms entering the space.

Litigation finance has grown increasingly popular as businesses deal with the negative impact of the pandemic. Earlier this year, DLA Piper launched an offering that provided clients access to a £150 million litigation funding pool through an agreement with a disputes financier and a newly-formed entity.