Bloomberg Law
March 23, 2022, 9:59 AM

Big Law Warms Up to Litigation Finance as Deals Pot Hits $2.8B

Roy Strom
Roy Strom

Litigation funding companies in the U.S. committed $2.8 billion toward new deals in 2021, an 11% increase from the prior year, thanks to rising interest from the world’s biggest law firms.

The country’s 200 largest law firms received 41% of the commitments from litigation funders in 2021, according to an annual survey released Wednesday by Westfleet Advisors, a litigation finance advisory firm. That’s a 46% increase from the prior year.

Taken together, the results showed there was not the dramatic surge in funding some in the industry expected to result from the pandemic even as Big Law firms seem more ...

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