About Lawsuit Financing
Lawsuit funding or loan is also called pre settlement loan. It is used by the person who needs to carry on the ongoing lawsuit but requires cash. It is most commonly used in personal injury lawsuit and many other types of cases. After applying for loan, the company evaluates the settlement and then offers money accordingly. Moreover, Lawsuit financing eases the burden and decreases the pressure to settle early and cheap.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Lawsuit Financing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Burford Capital Ltd. (United States), Pravati Capital LLC (United States), Harbour Litigation Funding Limited (United Kingdom), Global Funding Solutions LLC (United States), Legalist, Inc. (United States), Lawsuit Financial LLC. (United States), LawCash (United States), Law Finance Group LLC (United States), Vannin Capital PCC (United Kingdom) and Fast Funds (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Oasis Legal Finance Group, LLC (United States), High Rise Financial (United States), Fair Rate Funding (United States), Argenta Legal Funding (United States) and Bentham Capital LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lawsuit Financing market by Type (Consumer Litigation Funding and Commercial Litigation Funding) and Region.
On the basis of geography, the market of Lawsuit Financing 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). If we see Market by Case Type , the sub-segment i.e. Class Action Lawsuit Funding will boost the Lawsuit Financing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Individuals will boost the Lawsuit Financing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Advantages of Law Dispute Financing is Driving the Market Growth
Challenges:
Data Privacy, Compliance and Cyber Security
Restraints:
Risk Involved in Lawsuit may hinder the Market and Long Process Involved in Lawsuit Funding
Opportunities:
Rising awareness among the individuals about lawsuit financing
Market Leaders and their expansionary development strategies
On 15th October 2019, IMF Banther has announced to acquire Omni Bridgeway Holding BV which is a litigation funder
In January 2024, LegalPay, India’s first litigation funder and legal solutions provider, has announced the launch of a zero-interest credit line for enterprises, start-ups, individual business owners, and freelancers to settle legal disputes while preserving their working capital.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.