The practice of litigation financing—using investor money to fund potentially lucrative legal action– while common in U.K. and Australian courtrooms, has historically been subject to restriction in the United States. But that doesn’t mean it’s not happening. Often the practice goes on behind the scenes in U.S. courts, only coming to light when contested by a courtroom opponent. Attitudes towards the process are lightening, however, and now a number of states are allowing it out in the open.
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The information provided showed a sharp increase in the number of lawyers who said that they think litigation finance was a useful tool. Around 79 percent of respondents agreed with that statement, up about 15 percent from the previous poll.
