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Legal Finance at 15: Research Reveals What's Fueling Growth and What's Next

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The author writes "Since its founding in October 2009, Burford has witnessed—and contributed to—significant changes in the business of law. Once niche, legal finance is now a critical tool for businesses and law firms across the globe,
The article from the New York Law Journal discusses the evolution and current state of legal finance, particularly focusing on the findings from a 15-year research study by Burford Capital. It highlights how legal finance has grown from a niche practice to a mainstream financial tool, driven by increased acceptance and understanding of its benefits. The study reveals that the growth in legal finance is fueled by several factors including the need for capital to manage litigation costs, the desire to mitigate risk, and the strategic use of litigation as an asset. Key trends include the expansion into new markets, the diversification of funding sources, and the sophistication of legal finance products. The article also touches on future directions, suggesting that legal finance will continue to evolve with more tailored solutions, increased transparency, and possibly regulatory changes to accommodate this growing sector.

Read the Full Law Article at:
[ https://www.law.com/newyorklawjournal/2025/01/06/legal-finance-at-15-research-reveals-whats-fueling-growth-and-whats-next-/ ]