Fueled by a relative lack of regulation and an upswing in market opportunities presented by the economic downturn, litigation finance — the practice by which third parties provide funding for litigation in return for a share of the proceeds in the event of a winning case — will become more widespread and better understood in 2021.
For an industry that has been facing calls for regulation for some time, it looks as though litigation finance is currently winning the battle to remain unregulated. That does not mean, however, that it will remain opaque; more familiarity will breed greater understanding and ...