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Litigation Funding Goes Mainstream
ddefrancesco@businessinsider.com (Dan DeFrancesco), Business Insider
Thu, 10/22/2020 - 3:20am
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Guide reviewing commercial litigation funding for plaintiffs and defendants, use of proceeds, finding funders, and history of litigation funding by third parties.
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Litigation funding, also known as legal financing or third-party funding, is a process by which a third-party investor funds a legal dispute in return for a share of the proceeds if the case is successful.
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Litigation funding allows lawyers to pay for the costly overhead of a drawn out court case without settling prematurely or paying out of pocket. In this guide, we’ll define litigation funding before highlighting how the process works for attorneys to get assistance for their court case expenses.
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