The litigation funding landscape is poised to go through major changes that will significantly impact attorneys and the broader litigation framework. Industry expert Jeffery Lula of GLS Capital identifies five key trends that legal professionals should watch out for in 2024.
One of the profound shifts is the emergence of a robust secondary market for funded claims. This development affects not just legal practitioners but also investors who are seeking avenues for funding litigation.
Lula also raises the specter of rising interest rates, which will limit the availability of capital in the litigation funding market. This tightening could lead to shifts in the types of cases that get funded or even impact the structure of funding agreements.
While these developments may bring challenges, they also pave the way for innovation and new strategies within the litigation financing space. Despite the changes, the constant fact remains is that litigation financing continues to play a critical role in modern litigation, levelling the playing field for many parties who would otherwise struggle to fund their legal battles.
For a better understanding of these trends, Lula’s detailed analysis can be found here.