Nobody Knows Litigation Finance Size, but It’s Not $85 Billion

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. This week, we examine just how big the litigation funding market could get, using one funder’s very striking estimate of U.S. plaintiff lawyers’ yearly fee haul. Sign up to receive this column in your Inbox every Thursday morning.

There is no consensus figure for how much money investors plow into U.S. lawsuits each year.

But it is not $85 billion, a number recently put forward as the “addressable market” for litigation finance by a publicly traded litigation financier.

Omni Bridgeway, which ...