Civil lawsuits can be lengthy and burdensome on both the plaintiff as well as the defendant. A large number of resources need to be allocated for a lawsuit before it gets fully resolved. The financial burden on the stakeholders can even drive them towards bankruptcy. It is estimated that over forty million civil cases are filed in the U.S. each year. Business-to-Business lawsuits and individual-business lawsuits are also on the rise. Frivolous lawsuits can be detrimental for a company, especially when it is in the infant stage. The fees charged by the attorney can empty an individual’s pocket if he isn’t financially stable. Although personal loans can be taken by a mortgage, it is highly risky for the plaintiff to avail these, due to the volatile nature of lawsuits. In jury trials, which is popular in the U.S. under the Seventh Amendment, it is highly likely that the outcome is against your favour. In circumstances like these, third-party lawsuit financing agencies evaluate the merits of the case and they provide financial assistance during the trial. Lawsuit financing is increasingly becoming popular in countries such as the U.S., and the UK, which is leading to the growth of the global lawsuit financing market.
Commercial lawsuit financing is used by businesses to finance various business-to-business lawsuits. Arizona-based Pravati Capital focuses on providing lawsuit capital to large businesses. Their clients consist of several Fortune 500 companies. The company provides a commercial lawsuit financing up to a sum of US$ 20 Mn. Capital can be obtained on a case-to-case basis or based on a portfolio. Litigation funding is legal in countries such as the U.S, the UK and South Africa. In the U.K., the Association of Litigation Funders (ALF) is responsible for ensuring that litigation funding is along the rule of law that is prescribed in the U.K. Regulations that promotes litigation funding coupled with the growing acceptance of litigation funding as a result of its reduced risk for plaintiff, which is further expected to drive the growth of the global lawsuit financing market.
Key Findings of the Report:
In terms of revenue, global lawsuit financing market is expected to reach US$ 4,120.70 Mn by 2027 owing to the rising awareness among plaintiffs regarding the availability of financing solutions during the course of the trial.
On the basis of litigation funding type, commercial litigation accounted for the highest share in the global lawsuit financing market in 2018, due to the higher denominations associated with business-to-business settlements.
As far as geography is concerned, the Asia Pacific region is expected to show the maximum growth during the forecast period, due to the favorable government regulations that supports lawsuit financing.
Some of the players operating in the lawsuit financing market are are Bentham Capital LLC, Argenta Legal Funding, Fair Rate Funding, High Rise Financial, Oasis Legal Finance Group, LLC, Fast Funds, Vannin Capital PCC, Law Finance Group LLC, Law Finance Group LLC, LawCash, Lawsuit Financial LLC, Legalist, Inc., Global Funding Solutions LLC, Harbour Litigation Funding Limited, Pravati Capital LLC and Burford Capital Ltd., amongst others.
Global Lawsuit Financing Market:
By Litigation Funding Type
Consumer Litigation Funding
Commercial Litigation Funding
By End User
Small and Medium Firms
By Case Type
Class Action Lawsuit Funding
Labor Lawsuit Funding
Medical Malpractice Lawsuit Funding
Personal Injury Lawsuit Funding
Workers’ Compensation Claim Settlement Funding
Rest of Europe
Rest of Southeast Asia
Rest of Asia Pacific
Rest of Latin America
Middle East and Africa
Rest of Middle East & Africa
Get Full Information of this premium [email protected] https://www.absolutemarketsinsights.com/reports/Lawsuit-Financing-Market-2019-2027-436
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Company: Absolute Markets Insights
Email id: [email protected]
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016