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Litigation or third party funding has transformed the UK disputes market over the past 20 years. Its growth has been enabled by procedural and regulatory changes. But a combination of sophisticated investors, entrepreneurial lawyers, the on-going search for better economic returns and the preference for lawyers and clients to align their economic interests is driving disputes activity.
Class Actions are one of the most attractive categories of disputes for funders. They are large, often reputationally significant and they are capable of being priced. This latest video in DLA Piper's Class Actions series discusses how funding works and what makes a prospective Class Action attractive for funding.
DLA Piper has a strong track record in Class Actions, which has become the shorthand term for a range of mass claims, group litigation and collective redress procedures. In this third in our series of films, our Class Actions Group discuss how litigation funding is driving Class Actions in the UK, including:
- The emergence of Class Actions as an attractive asset class;
- Legal reforms that have helped spur on new Class Actions in the UK;
- The evolving role of third party funders in the disputes market;
- The criteria third party funders will use to decide whether a case is eligible for funding;
- Current trends in litigation funding for Class Actions; and
- How the courts are dealing with funded Class Actions.