Understanding Litigation Finance

Litigation finance, often referred to as third-party litigation funding, is a practice where a third-party, usually a specialized company, provides funding to plaintiffs involved in legal disputes in exchange for a share of the proceeds if the case is successful. This relatively nascent industry has garnered significant attention in recent years due to its potential to level the playing field in legal battles and provide access to justice for those who might otherwise be unable to afford the high costs associated with litigation.

The Role of Litigation Finance Companies

Litigation finance companies play a crucial role in