Litigation Funding and Expenses Market Scope
Litigation funding which is commonly known as legal or third-party litigation funding (TPLF), hereby enables the various parties to sue or mediate without any kind of payment owing to the fact that they either cannot or do not want to pay the money. A professional third party may pay part or all of the costs/expenses associated with a dispute in exchange for the dispute's revenue share if the dispute is successful. If the case is unsuccessful, the sponsor bears the agreed costs. The litigation finance and cost market are analyzed with industry experts in mind to maximize return on investment by providing clear information needed to make informed business decisions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IMF Bentham (Australia), Apex Litigation Finance (United Kingdom), The Judge Group Inc (United States), Woodsford Litigation Funding (United Kingdom), Burford Capital (United States), Harbour Litigation Funding (United Kingdom), Rembrandt Litigation Funding (United States), QLP Legal (United Kingdom), Absolute Legal Funding (United States), Counselor Capital (United States), LexShares (United States), Parabellum Capital (United States), Christopher Consulting (United States), Taurus Capital Finance Group (South Africa), Kingsley Napley LLP (United Kingdom) and Pinsent Masons (United Kingdom) |
CAGR | 9.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Global Litigation Funding and Expenses market throughout the predicted period.
IMF Bentham (Australia), Apex Litigation Finance (United Kingdom), The Judge Group Inc (United States), Woodsford Litigation Funding (United Kingdom), Burford Capital (United States), Harbour Litigation Funding (United Kingdom), Rembrandt Litigation Funding (United States), QLP Legal (United Kingdom), Absolute Legal Funding (United States), Counselor Capital (United States), LexShares (United States), Parabellum Capital (United States), Christopher Consulting (United States), Taurus Capital Finance Group (South Africa), Kingsley Napley LLP (United Kingdom) and Pinsent Masons (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Lime Finance (United Kingdom), Global Recovery Services, LLC (Turkey), Curiam Capital LLC (United States) and 39 Essex Chambers (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Litigation Funding and Expenses market by Type , by Application (Commercial Litigation Practice, Civil Fraud Work, Contentious Trust Litigation, Financial Services Disputes, Maritime Disputes and Others) and Region with country level break-up.
On the basis of geography, the market of Litigation Funding and Expenses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2023, Omni Bridgeway successfully concluded an innovative secondary market transaction involving an intellectual property (IP) portfolio. This strategic move showcases the company’s agility and prowess in navigating the complexities of the IP market, contributing to its standing as a leader in the field of litigation financing and investment.
In 2021, LexShares collaborated with Remote Legal, a top-tier virtual deposition services provider. This partnership aims to address the challenges in legal proceedings by combining LexShares’ expertise with Remote Legal’s technology-driven litigation support, offering enhanced virtual deposition experiences for depositions, arbitrations, and other critical legal processes.
In 2019-2020 the 116th Congress In S.417 A Bill amended "Disclose in writing to the court and all other named parties to the call action the identity of any commercial enterprise, other than a class member or class counsel of record that has a right to receive the payment that is contingent on the receipt of monetary relief in the class action by settlement, judgment, or otherwise; and produce for inspection and copying, except as otherwise stipulated or ordered by the court, any agreement creating the contingent right."
Influencing Trend:
Rising Trends of Automated Services in Emerging Economies
Market Growth Drivers:
Advantages of Litigation Funding and Expenses is Driving the Market and Faster Economic Growth and Globalization Resulting In Faster Growth of the Litigation Funding and Expenses Market
Challenges:
Imposing Of Regulatory Factors by Government Associated With the Litigation Funding and Expenses Market
Restraints:
Risk Involved in Litigation Funding and Expenses May Hinder the Market and Long Process Involved in Litigation Funding and Expenses
Opportunities:
Rising Awareness among the Individuals about Litigation Funding and Expenses
Key Target Audience
Providers of Litigation Funding and Expenses , End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others