Wednesday, September 9, 2009

From 2007 - Litigation Funding - The New Growth Area

Litigation funding has recently hit the headlines, in particular through news reports that an accountancy firm is facing a £90 million negligence claim brought with the help of outside funders. In addition, the Privy Council has very recently had to consider the extent to which claimants can sell their litigation claims to others, which in theory represents an attractive model for those wishing to invest in litigation. All this reflects the growing trend towards litigation funding which litigators have been seeing for some time.
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