The astonishing growth of the lawsuit financing market was estimated at US $ 712.30 million in 2018 and is expected to reach US $ 4120.70 million by 2027, with a CAGR of 21.5% during the forecast period due to growing awareness of lawsuit funding among individuals and businesses, says Absolute Markets Insights – KSU

Civil lawsuits can be long and onerous for both the plaintiff and the defendant. A large number of resources must be allocated to a lawsuit before it is fully resolved. The financial burden on stakeholders can even lead them to bankruptcy. It is estimated that over forty million civil lawsuits are filed in the United States each year. Business-to-business and individual lawsuits are also on the rise. Frivolous lawsuits can be damaging to a business, especially when it is in its infancy. The fees charged by the lawyer can drain an individual’s pocket if they are not financially stable. Although personal loans can be taken out through a mortgage, it is very risky for the plaintiff to avail themselves of them, due to the volatile nature of the lawsuits. In jury trials, which are popular in the United States under the Seventh Amendment, the outcome is highly likely to be against your favor. In circumstances like these, third party prosecution funding agencies assess the merits of the case and provide financial assistance during the trial. Lawsuit financing is increasingly popular in countries like US and UK which is leading to the growth of the global lawsuit financing market.

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Commercial lawsuit funding is used by companies to fund various business-to-business lawsuits. Arizona-based Pravati Capital is focused on providing legal capital to large corporations. Their clients consist of several Fortune 500 companies. The company is funding a US $ 20 million business lawsuit. Capital can be obtained on a case-by-case basis or on a portfolio basis. Litigation funding is legal in countries like the US, UK and South Africa. In the UK, the Association of Litigation Funders (ALF) is responsible for ensuring that litigation funding respects the rule of law prescribed in UK regulations which promote litigation funding coupled with the growing acceptance of funding litigation due to its reduced risk to the plaintiff, which is further expected to drive the growth of the global lawsuit financing market.

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Main conclusions of the report:

In terms of revenue, the global lawsuit financing market is expected to reach US $ 4,120.70 million by 2027 due to the growing awareness among plaintiffs about the availability of litigation financing solutions.

Based on the type of litigation financing, commercial litigation accounted for the highest share prosecution financing market in 2018, due to the higher denominations associated with inter-company settlements.

With regard to geography, the Asia-Pacific region is expected to show the maximum growth during the forecast period, owing to favorable government regulations that support the funding of lawsuits.

Some of the players operating in the lawsuit financing market are Bentham Capital LLC, Argenta Legal Funding, Fair Rate Funding, High Rise Financial, Oasis Legal Finance Group, LLC, Fast Funds, Vannin Capital PCC, Law Finance Group LLC, Law Finance Group LLC, LawCash, Lawsuit Financial LLC, Legalist, Inc., Global Funding Solutions LLC, Harbor Litigation Funding Limited, Pravati Capital LLC, and Burford Capital Ltd., among others.

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Global Lawsuit Financing Market:

By type of litigation financing

Financing of consumer disputes

Financing of commercial disputes

By end user

People

Companies

Small and medium enterprises

Large companies

Lawyers

By type of case

Funding of collective actions

Financing of labor lawsuits

Funding of medical malpractice lawsuits

Funding of bodily injury lawsuits

Funding for workers’ compensation claims

Other

By geography

North America

United States

Canada

Mexico

Europe

France

Great Britain

Spain

Germany

Italy

Nordic countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

The rest of europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

South East Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia-Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East and Africa

Saudi Arabia

United Arab Emirates

Egypt

Kuwait

South Africa

Rest of the Middle East and Africa

Get full information on this premium report @ https://www.absolutemarketsinsights.com/reports/Lawsuit-Financing-Market-2019-2027-436

About Us:

Absolute Markets Insights helps to provide accurate and recent trends related to consumer demand, consumer behavior, sales and growth opportunities, for better understanding of the market, thus contributing to design, presentation and forecasting demanding products. Our experts provide you with the end products that can deliver transparency, actionable data, a cross-channel deployment schedule, performance, precise testing capabilities, and the ability to promote continuous optimization.

From in-depth analysis and segregation, we serve our clients to meet their immediate and ongoing research needs. Minute analysis has an impact on important decisions and hence the source of business intelligence (BI) plays an important role, which allows us to stay up to date with current market scenarios and to come.

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