While third-party litigation funding has just started to grab headlines in the United States, the funding method has been used in Europe for some time.
Executive Summary
The co-founder of a litigation fund and an insurance industry representative debate the question of whether liability insurers should be worried about the rise in third-party funding of lawsuits.People in the United States didn’t see a need for litigation financing because lawyers can get contingent fees, whereas in England lawyers weren’t allowed to work for a share of the recovery, according to Jonathan Molot, chief investment officer and co-founder of Burford Capital.
