Burford’s 2016 Litigation Finance Survey shows that litigation finance continues to grow and evolve:
28 percent of private practice lawyers say their firms have used litigation finance directly—a four-fold increase since 2013
75 percent of outside counsel and 61 percent of clients predict that litigation finance will grow in the next five years
35 percent more private practice lawyers and 50 percent more clients predicted that litigation finance will grow in 2016 vs. 2014
For the first time, Burford surveyed lawyers about financing portfolios of litigation, an emerging and relatively novel form of litigation finance—and about as many lawyers said they had experience with portfolio financing in 2016 (9 percent) as had experience with single case financing, the most commonly understood form of third-party funding, in 2013 (7 percent)
