In the past few years, litigation financing has seen both a fairly substantial boom in investment and a maturation of the market, notably following Burford Capital’s acquisition of competing litigation funder Gerchen Keller Capital.
And while analytics and big data have begun working their way into the fabric of litigation financing work, last summer’s launch of litigation financing startup Legalist, a company that uses big data and algorithmic logic to assess the potential success of litigation, upped the stakes for litigation funders.
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