I spend a lot of time at Vannin speaking to litigation funders around the world to explore business development opportunities. One thing that has become clear in recent months is that the market is starting to mature, with funders focusing on different types, sizes and stages of claims and using innovative business models to raise the funds necessary to carry on business.

In the same way that the venture capital market has firms focused on certain stages of the funding lifecycle – seed/early stage, Series A, Series B and so on – there are early signs that the litigation funding market may follow suit, with firms becoming known as specialists in their chosen area or areas of focus.