Disputes funding has shaken the landscape for civil claims. Legal Business partnered with Burford Capital and Managing Director Craig Arnott, to gather a group of partners and clients to chart the key funding trends and discuss if the vast defendant market will follow next.
Craig says: "Litigation finance used to be perceived as a last-ditch resort for impecunious clients. That has transformed, largely because of cost pressure. It is just at the start of the change, especially on the corporate side and what possibilities there are for outsourcing. It seems a little crude, but it is an outsourcing alternative for corporates that involves financing in a way that would be thought of as outsourcing before, but is a way in which they can take books of business off their balance sheet."