For the first time ever, the value of court cases and capital held by the top UK litigation funders has reached £2 billion, according to a report in City AM. The value held by funders in the UK has doubled since 2016 based on research by British law firm RPC.
Geraldine Elliott, Partner at RPC, says “the growing amount of capital litigation funders now have to deploy means they are running out of more obvious cases to fund. As a result, they are interested in kick starting cases from scratch. This can involve funders looking for a potential group action that they get off the ground, using heavy publicising of that case in order to gather more claimants.”