WestFleet Advisors has conducted a comprehensive review of 52 reported U.S. trial court decisions through July 2021 that address discovery attempts seeking either litigation funding agreements or communications with funders by funded parties or their counsel and has found that, despite aggressive disclosure efforts, U.S. courts continue to protect the confidentiality of litigation funding. Read more.
Westfleet Advisors has released its 2022 Litigation Finance Market Report, which shows that demand for litigation funding in the US continues to increase at a record-breaking a pace with no signs of slowing down (with $3.2bn in funding committed in 2022), despite shockwaves from the global pandemic which resulted in major bottlenecks within the US courts.
Litigation funding companies in the U.S. committed $2.8 billion toward new deals in 2021, according to an annual survey by Westfleet Advisors. This represents an 11% increase from the prior year and can be attributed in part to rising interest from the world’s biggest law firms. While more money was spent overall, the average size of deals has declined by around 20% since 2020 to $6.5 million. The survey showed that new funds have popped up specialising in smaller deal sizes.
Barry Kumar has joined law firm Meland Budwick in Miami as a Partner. Barry was previously a Managing Director at litigation finance advisor Westfleet Advisors where he assisted claimholders in raising capital to litigate their commercial cases.
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