The 2023 Litigation Finance Survey Report
Once a little-known option, litigation funding has become an 'increasingly standard practice,' according to our annual survey.
Together with our friends at Lake Whillans, Above the Law has been tracking the development of litigation finance over the years, as it has evolved into an integral part of the legal ecosystem, offering benefits to organizations of all sizes. “It is now part of most case discussions,” one law firm partner told us.
Our annual survey of in-house counsel and law firm attorneys shows an uptick in the number of large law firms and big-name corporations who work with funders. This year, more than half of the in-house counsel who reported having firsthand experience with litigation finance work in large companies or Fortune 1000 corporations.
One element that has remained consistent across surveys is satisfaction with the experience. Among the survey respondents who have worked directly with litigation funders, the proportion who said they would do so again has remained above 80 percent for the last five years.
For more on this year’s results, including the kinds of cases that have been funded, the reasons for obtaining financing, and what lawyers consider the most important factors in choosing a financier, check out the full report on our survey findings.
