Litigation funding is here to stay. The U.K. has more specialist litigation funding companies than any other jurisdiction. According to a report from RPC, the U.K.’s litigation funding market has doubled over the past two years.
Without lawyers prepared to run cases on a pure contingency basis – something English lawyers have been traditionally wary of, unlike our U.S. colleagues – litigation funding can be the only way that some cases see the light of day. Would the Post Office class action have got off the ground without funding? Would the class action reforms in 2015 have even been considered without the assumption that litigation funding would be available?
