Getting a boost from a third-party investor in litigation is still a relatively new concept for lawyers and businesspeople in the United States, but it appears to be gaining steam, according to a new survey.
The second annual Litigation Financing Survey, sponsored by Burford Capital, a provider of investment capital and risk software for litigation, and conducted by Briefcase Analytics, a business intelligence firm, surveyed lawyers in private practice, in-house counsel and financial executives to find out how they view litigation financing. In analyzing more than 400 responses collected during autumn 2013, they found that there has been an increase of 15 percent over 2012 in the number of attorneys who see litigation financing as a useful tool.
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