Wednesday 20 January 2016
The general view of litigation finance has shifted from one which considered the industry somewhat unethical, to one which sees it as supporting individuals and businesses to secure access to justice for a proportion of the successful cases outcome (if unsuccessful, the funder receives nothing either). Litigation is already a costly process, and the provision of funding therefore enables those who may be unable to shoulder that financial burden to challenge those who can. In the UK, litigation funding may still be a young industry, but it is thriving and growing. Augusta is a prime example of this – we have financed 66 cases from January 2014 to date and work with 440 law firms throughout England and Wales. World Finance article.