Third Party Litigation Funding in Europe
Case Associates; Institute of Economic Affairs; Centre for Regulation and Market Analysis (CRMA)
December 9, 2011
Journal of Law, Economics and Policy, Vol. 8, 2012
Based on interviews of all UK based third party litigation funders the paper provides new empirical evidence on the nature, extent and type of third party funding of litigation. It also examines the emergence of new group or class action third party funders in Europe focused primarily on follow-on cartel damage claims. The discussion is then expanded to the broader issues such as the justification for third party funding, its impact and a critical assessment of the arguments against such funding.
Number of Pages in PDF File: 46
Keywords: litigation, legal costs, third party funding, class actions, legal access, legal insurance, cartel damages
JEL Classification: K13, K40, K41, G22, G24, L12
Date posted: December 14, 2011 ; Last revised: November 6, 2012
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