A new report into third-party litigation funding by legal market research agency Jures and commissioned by Fox Williams, has concluded that there are four crucial areas for development if the industry is to survive and prosper.
First, it needs a growing profile within the legal profession. The report identifies that the success or otherwise of third-party funding will depend upon the extent to which it is embraced by the legal profession. Second, it needs a growing profile within the financial community. While there has been plenty of discussion about third-party funding emerging as a new asset class, investors have yet to be convinced that it will provide the desired returns – even in today’s depressed markets, in which many of the traditional forms of investment have failed to deliver.
