Litigation funding in Australia originated as a tool for class actions and insolvency disputes, used by a few local funders and plaintiffs law firms relatively free from market competition. At a time when cash constraints are top of mind, we see increased interest in how Australian companies can reduce the risks and costs of litigation and arbitration and view existing claims as assets.
Burford's Matt Lee is a Principal with responsibility for leading Burford's investment activity and operations in Australia. Prior to joining Burford, Mr. Lee was Of Counsel at Quinn Emanuel, where he focused on representing clients in complex commercial litigation, transnational disputes, international arbitration, class actions, appeals and investigations. In this video, he explains the current state of play of legal capital in Australia:
- Where legal capital is being used in Australia
- How the use of third party capital has been impacted by Covid-19
- How legal finance has been impacted by a shifting regulatory environment in Australia