Legal finance and affirmative recovery insurance working together
Summary
Among the many changes we have seen in the legal finance market in 2021 is the growth of a new financeadjacent product: Litigation insurance policies on affirmative recoveries. The providers in this market are the same large insurance companies that for years have offered defense-side litigation products to insure litigation spend and liabilities.
These carriers have now entered the affirmative recovery market with two primary products. The first of these are policies to protect the first tier (often 10-20% of total value) of a law firm or corporate affirmative recovery portfolio, and the second are …
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