The Global Litigation Funding and Expenses Market Size is estimated to register high growth over the forecast period from 2023 to 2030.
The market growth is driven by increasing Technology-driven analytics that streamline the due diligence process, reducing the time and resources needed to evaluate the merits of a legal claim. This efficiency contributes to the growth of the litigation funding market. Leading Companies focusing on the Integration of Blockchain Technology, AI-driven predictive Analytics for Case Outcomes, Globalization and Standardization of Litigation Funding Practices, and others to boost market shares in the industry.
The litigation funding and expenses market has seen substantial growth due to increasing legal costs and broader acceptance of third-party funding. This financial model is diverse in its applications, spanning commercial disputes, intellectual property cases, and mass torts. Litigation funding mitigates financial risk for litigants by offering non-recourse financing, where funders only receive returns upon a successful outcome. Portfolio funding is also prevalent, allowing funders to diversify risk across multiple cases. The regulatory landscape varies by jurisdiction, with some embracing and regulating litigation funding, while others are in the process of developing regulations. Ethical considerations, including the incorporation of ESG criteria, are becoming more significant, reflecting a broader trend toward responsible investing in the legal finance industry. Monitoring regulatory changes and staying informed about industry developments is crucial in this dynamic market.
The growing need for litigation funding is transforming how people access justice, creating a fairer legal environment. Historically, financial constraints have hindered individuals and small businesses from pursuing legal action, resulting in unequal access to the legal system. Litigation funding addresses this by offering financial support to those lacking resources, allowing them to navigate complex legal processes. This democratization of access to justice empowers individuals and smaller entities, enabling them to address grievances and compete with larger, well-funded opponents. It also levels the playing field, challenging traditional power dynamics in the legal system, as litigants are no longer solely dependent on personal financial means. With the increasing demand for litigation funding, there is a transformative opportunity to redefine justice, making it more inclusive and accessible across society.
The ascent of inventive legal service providers is driving increased demand for litigation funding, reshaping the legal landscape, and widening access to justice. Traditional legal services' high costs and barriers are being mitigated by innovative providers, making legal support more accessible. As these providers explore new business models and technologies, there is a concurrent rise in the necessity for litigation funding to address the evolving complexities of legal proceedings. This interplay between innovative legal services and litigation funding not only streamlines legal processes but also democratizes access to justice, empowering a more diverse range of litigants to engage effectively in the legal system.
The global reach of litigation funding is driving legal conflicts onto an international platform, causing a profound transformation in the global legal landscape. Historically constrained by jurisdictional limits, litigation funding now extends across borders, empowering litigants to pursue claims worldwide. This expansion is altering the financing and resolution dynamics of legal disputes, as litigation funders increasingly participate in cases that transcend national boundaries. Consequently, the international legal scene is changing, necessitating adaptations in legal strategies to navigate the complexities of global litigation. This shift not only facilitates access to justice for those involved in transnational disputes but also presents new challenges and considerations related to regulatory frameworks, ethical standards, and the standardization of legal practices at a global level.
The Global Litigation Funding and Expenses Market is analyzed across Conditional Fee Agreements (CFAs), Damages-Based Agreements (DBAs), After the Event (ATE) Insurance, Third-Party Funding, and others. Third-Party Funding is poised to register the fastest growth. Third-party funding, or litigation funding, is a pivotal component of the Litigation Funding and Expenses Market. This practice involves external entities providing financial support to litigants in exchange for a share of the settlement or judgment in successful cases, addressing the costs and risks of legal proceedings. Beneficial for individuals, businesses, and law firms lacking financial resources, third-party funding includes non-recourse financing and risk assessment tools. Its growth reflects its vital role in democratizing access to justice and transforming traditional power dynamics in the legal landscape
The Global Litigation Funding and Expenses Market is analyzed across various applications including Commercial Litigation Practice, Civil Fraud Work, Contentious Trust Litigation, and others. Of these, Commercial Litigation Practice held a significant market share in 2023. In the Litigation Funding and Expenses Market, the Commercial Litigation Practice focuses on the application of litigation funding in commercial disputes. This involves utilizing third-party financing to support businesses facing legal challenges, covering costs related to attorneys, court proceedings, and other expenses associated with commercial litigation. The practice is integral for businesses seeking to manage financial risks and pursue or defend against commercial claims, showcasing the strategic use of litigation funding within the business and commercial sectors. The demand for litigation funding in commercial litigation emphasizes its role in providing financial assistance and ensuring equitable access to justice for businesses of various sizes.
By Type
By Application
By Organization Size
By End-User
By Region
*List not exhaustive
Litigation Funding and Expenses Market Outlook 2023
1 Market Overview
1.1 Introduction to the Litigation Funding and Expenses Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Litigation Funding and Expenses Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Litigation Funding and Expenses Market Companies with Area Served
4.2.2 Products Offerings Global Litigation Funding and Expenses Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Litigation Funding and Expenses Market Trends
6.1 Global Litigation Funding and Expenses Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Litigation Funding and Expenses Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Litigation Funding and Expenses Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Litigation Funding and Expenses Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Litigation Funding and Expenses Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Litigation Funding and Expenses Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Litigation Funding and Expenses Development Regional Status and Outlook
8.1 Global Litigation Funding and Expenses Revenue (USD Million) By Regions (2018-2022)
8.2 North America Litigation Funding and Expenses Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Litigation Funding and Expenses Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Litigation Funding and Expenses Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Litigation Funding and Expenses Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Litigation Funding and Expenses Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
8.5 South America Litigation Funding and Expenses Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Litigation Funding and Expenses Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Litigation Funding and Expenses Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Litigation Funding and Expenses Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Litigation Funding and Expenses Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Litigation Funding and Expenses Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Litigation Funding and Expenses Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Litigation Funding and Expenses Development Regional Status and Outlook Forecast
11.1 Global Litigation Funding and Expenses Revenue (USD Million) By Regions (2023-2030)
11.2 North America Litigation Funding and Expenses Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Litigation Funding and Expenses Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Litigation Funding and Expenses Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Litigation Funding and Expenses Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Litigation Funding and Expenses Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Litigation Funding and Expenses Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Litigation Funding and Expenses Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Litigation Funding and Expenses Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Litigation Funding and Expenses Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Litigation Funding and Expenses Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Litigation Funding and Expenses Revenue (USD Million), by Applications (2023-2030)
11.5 South America Litigation Funding and Expenses Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Litigation Funding and Expenses Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Litigation Funding and Expenses Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Litigation Funding and Expenses Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Litigation Funding and Expenses Market Companies with Areas Served
Table 3 Products Offerings Global Litigation Funding and Expenses Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Litigation Funding and Expenses Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Litigation Funding and Expenses Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Litigation Funding and Expenses Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 11 Global Litigation Funding and Expenses Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Litigation Funding and Expenses Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Litigation Funding and Expenses Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Litigation Funding and Expenses Market Share (%) By Regions (2018-2022)
Table 16 North America Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Table 17 North America Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 18 North America Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Table 26 South America Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 27 South America Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 33 Global Litigation Funding and Expenses Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Litigation Funding and Expenses Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Litigation Funding and Expenses Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Litigation Funding and Expenses Revenue (USD)By Country (2023-2030)
Table 38 North America Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 39 North America Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Table 47 South America Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 48 South America Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Litigation Funding and Expenses Revenue Market Share (%) By Type (2022)
Figure 5 Global Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Litigation Funding and Expenses Revenue Market Share (%) By Applications (2022)
Figure 7 Global Litigation Funding and Expenses Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Litigation Funding and Expenses Market Share (%) By Regions (2022)
Figure 9 North America Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Litigation Funding and Expenses Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Litigation Funding and Expenses Revenue Market Share (%) By Type (2030)
Figure 26 Global Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Litigation Funding and Expenses Revenue Market Share (%) By Applications (2030)
Figure 28 Global Litigation Funding and Expenses Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Litigation Funding and Expenses Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Litigation Funding and Expenses Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Application
By Organization Size
By End-User
By Region