The team at Burford summarises the GAO report on third-party litigation financing, concluding that, overall, the report’s findings are a clear positive for the legal finance sector, emphasising many of the positive benefits provided by legal finance to law and to business, even though critics will undoubtedly work to spin the report otherwise.

The team at Burford highlights 2022’s legal finance milestones, including the EU Digital Markets Act setting the stage for future claims against big tech; the introduction of new third-party funding rules for arbitration in Singapore, Hong Kong and Dubai; and the expansion of alternative business structures among UK law firms.

Burford co-founder Jonathan Molot describes how outside equity investments in law firms are the future of legal innovation, offering the flexibility of capital sought by law firms to invest in growth and expanded offerings, without having to open themselves up to capital market fluctuations or greater public scrutiny of firm operations.