Lawyer Monthly recently analyzed the pros and cons associated with litigation funding vs. mediation funding in terms of effectiveness and efficiency. Noting the growing marketplace popularity of litigation finance, Frances Sim (general counsel, Restitution Ltd.) argues that third party funding holds physiological value in financing mediation. When evaluating if a dispute can be settled via alternative means, Ms. Sim claims that third party funders can help facilitate access to justice through funding mediation costs.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Lawyer Monthly recently analyzed the pros and cons associated with litigation funding vs. mediation funding in terms of effectiveness and efficiency. Noting the growing marketplace popularity of litigation finance, Frances Sim (general counsel, Restitution Ltd.) argues that third party funding holds physiological value in financing mediation. When evaluating if a dispute can be settled via alternative means, Ms. Sim claims that third party funders can help facilitate access to justice through funding mediation costs.
Lawyer Monthly explains that courts in the United Kingdom have encouraged mediation as a worthwhile approach to dispute resolution. Furthermore, successful or unsuccessful mediation can be a primer to court decisions.
According to Ms. Sim, third party funders and their clients stand to potentially benefit with imaginative organization of mediation investment agreements. While mediation does not fit every dispute resolution scenario, third party investment in mediation is a handy tool for those seeking access to justice.
