Normally, litigation loans have been the purview of people fighting against large insurance companies. Nowadays, corporations tend to use third-party litigation funding as an instrument to take the pressure off their legal budgets. Meanwhile, investment firms are considering the area as a target.
Commercial litigators are trying to manage financial risk associated with litigation. They tend to view it in accounting terms and even as an investment. Lawyers are concerned that using litigation funding as a vehicle for profit may harm the major goal of providing access to justice.
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Summarized by Natalia Tsar.