International law firm Addleshaw Goddard is launching a new bespoke solution to litigation finance. It will provide specialist independent advice to corporates, third party funders and other law firms on single case and portfolio funding arrangements, whilst continuing to support companies in disputes where Addleshaw Goddard is acting with innovative finance arrangements to allow them to protect their interests and free their balance sheets. Read more.
Donal Dunne of Addleshaw Goddard anticipates that, given the level of litigation against the State in Ireland, it appears unlikely that the Irish government will voluntarily extend the level of commercial third-party litigation funding other than in limited areas where it accepts there may be a commercial benefit.
As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.
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