Legal Business, December 2011

Suspicious Minds
Legal Business, December 2011
By Mark McAteer

Third-party litigation funding has yet to really take off, despite being around for five years. While a mature market is still some way away, litigation specialists are finally seeing that self-funding is not the only way forward.

'Funders tell us that they have the budget for the right case but, naturally, critically judge cases presented to them,' says Jane Colston, a commercial litigation partner at Stewarts Law. She doesn't believe a lack of understanding over maintenance and champerty rules decreases the likelihood of lawyers considering third-party funding for clients, 'especially for the sophisticated firms like ours,' she says.

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