Experts who specialise in emerging markets anticipate that the litigation finance sector will double in size in the next five years. This type of funding, occurs when a third-party that does not have a direct interest in the claims proceedings, but receives a share of the proceeds in the event that the litigation is successful (having helped to finance the cost of the litigation proceedings). It is considered that litigation will soon become a mainstream asset class in the not so distant future.
Why is anticipated to grow?
One reason that has been explained as to why the sector is expected to expand in the UK is due to the potential the country shows. Whilst the US is considered the world’s largest litigation market as it stands, a
At this moment in time, the UK market is considered to be worth around 5%, however it looks set to grow as it is home to four of the top 10 law firms in the world, as well as being home to over 200 law firms.
Another factor contributing to the litigation funding
Meanwhile, in Hong Kong and