Bloomberg Law
Jan. 27, 2021, 1:31 PM

Big Law Firms Slow to Adopt Litigation Funding, Survey Says

Roy Strom
Roy Strom

A new survey from brokerage firm Westfleet Advisors appears to counter claims made by litigation funders that the pandemic would be a boon for their business and that Big Law firms are major users of third-party financing for suits.

The survey of 46 litigation finance industry participants released Wednesday is one of the few sources of hard data in the growing and highly opaque world of lawsuit funding.

The survey said the amount committed to new investments by funders grew 6% to $2.47 billion from June 2019 to June 2020 compared to the same period the year prior.

In total, ...

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