The Global Legal Post reports that litigation financiers are experiencing increased cash flows with assets jumping more than 11% over the last year. With the jump in figures, Gary Barnett (Executive Director, International Legal Finance Association) says litigation finance is being widely accepted as a professional financial utility to access justice.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The Global Legal Post reports that litigation financiers are experiencing increased cash flows with assets jumping more than 11% over the last year. With the jump in figures, Gary Barnett (Executive Director, International Legal Finance Association) says litigation finance is being widely accepted as a professional financial utility to access justice.
Global Legal Post says that hedge funds are starting to look to litigation finance as an investment vehicle. Meanwhile, only 10% of cases presented to funders ultimately obtain funding. Funders are also considering a wide variety of additional products and services to offer potential customers.
Raymond van Hulst (EMEA Executive Director at Omni Bridgeway) warns that high liquidity may suffer in the near future. This, as inflation and interest rates are rising. Mr. van Hulst suggests that given these constraints, only the most attractive litigation finance franchises will be successful over the long term.
