It is no surprise that professional negligence claims have always been a happy hunting ground for claimants, but what these statistics show is that third party funders also see these claims as a good investment. Third party funding will increasingly become part of the landscape in Irish litigation, especially given the Court of Appeal's recent decision in Greenclean v Leahy. The takeaway for professionals and their insurers to protect themselves must be to continue increasing the focus on claims prevention and risk management.

Nearly three-quarters of cases funded by Augusta Ventures, a litigation funder targeted at SMEs, are either breach of contract or professional negligence claims.