As regulatory structures continue to evolve in jurisdictions around the world, global litigation funders are keeping a watchful eye on markets that could represent fruitful opportunities for new investments. One such market that has been gaining attention recently is India, which is now experiencing a burgeoning market of domestic funders expanding operations, as well as interest from international funders.
An LFJ Conversation with Jonathan Stroud
As regulatory structures continue to evolve in jurisdictions around the world, global litigation funders are keeping a watchful eye on markets that could represent fruitful opportunities for new investments. One such market that has been gaining attention recently is India, which is now experiencing a burgeoning market of domestic funders expanding operations, as well as interest from international funders.
A new article in Business Today highlights the growth of litigation finance within India, featuring commentary from Ashish Chhawachharia, a partner at Grant Thornton Bharat. Chhawachharia argues that there is ‘tremendous scope for growth [in] litigation funding in India’, fuelled by rising legal costs which are leaving both companies and individuals unable to pursue meritorious litigation without the support of third-party funding. This growing demand is good news for companies such as LegalPay, which has become one of the leading names for litigation funding in India.
Chhawachharia also notes that whilst international funders may choose to work with Indian law firms on these opportunities, the growing presence of international law firms in the country will only contribute to the rise in funding activity. As for what kind of investors will be looking to achieve returns from litigation funding in India, Chhawachharia suggests that high-net-worth individuals and family offices ‘are likely to invest in funds which pool in investments with a similar thesis or objective, rather than invest directly in this market’.
