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 SummaryThe 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.
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