Returns that can can exceed one hundred percent of net investment, a healthy funding requirement that routinely runs into millions, and indications that this could well be the next big thing. Over the last decade or so, third party funding (TPF) has evolved into a highly profitable business. Yet, it is one that exists on the fringes of the legal industry. Till now. On September 15 this year, in the case of Essar vs. Norscot, the English High Court held that costs incurred on arbitration funding are recoverable by the successful party; in this case the third party funder made an investment of £647,000 […]
The post The TPF Series (Part I): The highly profitable world of litigation financing
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